The European Commission has given the go-ahead for British Airways to enter a joint business agreement with American Airlines after the companies agreed to competition safeguards.

The approval gives the airlines immunity from anti-trust laws that would have prevented them from combining their transatlantic wings. The airlines will now pool revenues, work together on ticketing and co-ordinate schedules.

The strengthening of their Oneworld Alliance on European to North American routes allows them to better compete with rival groups, BA has argued.

Miami International Airport passengers and South Florida rental car customers now have a convenient, one-stop shop for all their rental car needs just east of MIA in the middle of Miami-Dade County.

Second-quarter figures from Intel, the world's largest microchip maker, kicked off the technology results season with a bang.

With quarterly results expected from Google and chip maker AMD Thursday, IBM and Microsoft next week and Cisco in August, the next few weeks should reveal a great deal about the state of the economic recovery.

Mining group African Minerals has signed a deal with a Chinese steelmaker for a $1.5 billion (£989 million) investment that will help it develop what could be the biggest iron ore mine in the world.

The memorandum of understanding which has been signed with Shandong Iron & Steel—one of the world's largest mill operators—is subject to due diligence and the two parties agreeing a discount for the iron ore produced.

Chicago based insurance conglomerate Aon Corp. has agreed to buy human resources specialist Hewitt Associates for $4.9 billion in a cash-and-stock deal that will almost triple the size of its consulting arm.

Assuming it is approved by regulators, the deal, which values Hewitt at $50 per share, will be Aon’s biggest ever merger. Although it is the world’s largest insurance broker, Aon’s consulting business lags behind rival Marsh & McLennan Co.

BP has announced it has fitted a larger, tighter containment cap on the ruptured Gulf of Mexico wellhead that has been leaking oil since the Deepwater Horizon explosion in April.

The company will test the new cap's internal pressure shortly by closing its valves. If successful, the company hopes the new cap will stem the flow until more permanent measures can be taken.

Lexon Technologies, Inc.has announced its intention to merge with INTEK America, Inc., a leading consumer branded supplier of environmentally-responsible product lines based in Rancho Dominguez, California.

Saudi Arabia has received bids from six groups hoping to build four stations along a 450 kilometre high-speed railway line in the country.

Firms involved in the bidding include the German transport group Deutsche Bahn, Italy’s Astaldi, the UK’s WS Atkins,France’s Alstom, Austria’s Strabag, and Singapore-based ST Engineering Ltd.

Boeing is set to go head-to-head once again with European rival EADS for the lucrative $35 billion Pentagon contract to build refueling aircraft for the US Air Force.

The Pentagon first invited bids to replace the aging fleet of tankers several years ago, and has actually awarded the contract twice (once to each side), but successful challenges have forced it to start the process all over again. Meanwhile the US Air Force is still flying takers which date back to the late-1950s.