Scandinavian Airlines forced to make big cutbacks
Hundreds of layoffs and huge pay cuts are in store for employees of Scandinavian Airlines (SAS) after the company posted losses of more than 1.3 billi...
Eimskip shipping company no longer sinking
Eimskip, the largest shipping company in Iceland, announced yesterday that its 57 unsecured creditors have agreed to swap their loans for equity, acco...