Virgin Money, the financial arm of Richard Branson's Virgin conglomerate, has signed a deal to buy the bailed-out bank Northern Rock from the British government, said the companies on Thursday.
The global war on drugs has failed, a high-level commission comprised of former presidents, public intellectuals and other leaders studying drug policies concluded in a report released Thursday.
The Global Commission on Drug Policy says the war on drugs can't be won and governments should change current drug laws.
A worldwide shortage of airline pilots has given women in Malaysia a chance to break into a profession that is notoriously male dominated.
In Malaysia's patriarchal society, airline Air Asia wants more women pilots to cope with its expansion plans.
In focus -- Banking on biometrics
Virgin unveiled the latest addition to Richard Branson's luxury fleet on Friday: an underwater plane that will fly riders into the depths of the Caribbean Sea.
The actress wants a ride in the world’s first commercial passenger spacecraft
Virgin Atlantic reported a sharp rise in profits Tuesday, bucking the trend seen by other airlines.
Virgin Atlantic CEO Steve Ridgway tells CNN's Andrew Stevens how the airline managed to make an annual profit.
Formula One supremo Bernie Ecclestone is talking up the chances of Richard Branson's Virgin Group taking over the beleaguered Honda team.
This month, CNN Business Traveller takes an in-depth look at how the aviation industry is faring as global fuel prices continue to rise.
If your November travel plans include a flight out of Los Angeles, don't be surprised to find yourself standing behind a bald, tattooed human billboard.
So here we were at 6:20 Monday morning at Los Angeles International Airport. Despite the hour, a disc jockey played pulsing club music, a soundtrack that soon continued onboard a Virgin America Airbus with "My Other Ride is a Spaceship" emblazoned behind its nose. A 20-minute flight later, the jet landed in Mojave, Calif., where tycoon Richard Branson awaited.
Virgin Group's Richard Branson talks about a new spacecraft expected to launch space tourists.
Budget traveller
updated: Mon Jun 16 2008 08:51:00
CNN's Adrian Finighan reports on the growing amount of business travellers travelling on a limited budget.
After four years and 11 rounds of hard negotiation, the introduction of the "Open Skies" agreement in March was greeted with a sigh of relief. This was not just from airlines, but also their passengers.
The delightful Richard Branson proves yet again that you don't have to toe the line in order to be a successful businessperson. In launching another intriguing business, this time to make private aircraft charters easier to arrange, he cannot avoid the temptation for endless quips, even right off a long flight from India - a charter of course.
Fortune: Flying smartupdated: Fri Feb 29 2008 14:43:00
Talk about a long wait for takeoff. After stints at Lufthansa and Delta (where he was president), Fred Reid has spent three years trying to get Virgin America off the ground. Though the Department of Transportation initially withheld approval, citing too much foreign control by Richard Branson's Virgin Group, the low-cost carrier finally got the go-ahead in May after restructuring. Flights between San Francisco and New York - featuring mood lighting, leather seats, and a deluxe entertainment system - begin this month. We caught up with Reid at VA's Burlingame, Calif., headquarters to talk travel.
Every year for the last nine years, world business leaders and thinkers have gathered in Jeddah, Saudi Arabia's second largest city for the Jeddah Economic Forum.
CNN's Rosemary Church speaks with Sir Richard Branson of Virgin Airlines about the biofuel flight.
The world's first biofuel-powered commercial aircraft touched down in Amsterdam on Sunday following a demonstration flight from London's Heathrow Airport hailed as a first step towards "cleaner" flying.
The beleaguered U.K. bank, Northern Rock is now facing nationalization. ITN's Mark Eddo reports
It has been a year of promising news for the globe-trotting business traveler. Yes, there have been all the woes of increased airport security, packed planes, heaving hotels and bursting business-class lounges, but some of the headlines have brought encouragement for a better future.
Northern Rock PLC will hold accelerated takeover discussions with a consortium led by Virgin Group, the battered mortgage lender said Monday
The chief executive of the troubled British bank Northern Rock resigned Friday, the bank confirmed.
CNN's Shakuntala Santhiran speaks with Lim Advisors director Peter Churchouse about the outlook for the banking sector.
Kate McCann expects to be named a suspect in the disappearance of her daughter Madeleine McCann. CNN's Paula Hancocks reports
Virgin, a leading branded venture capital organization, is one of the world's most recognized and respected brands.
Virgin Group Founder Richard Branson shares lessons he learned building a global brand.
After years of preparation and planning, Virgin America finally took off Wednesday, despite delays caused by a summer storm in New York. But whether all the hype surrounding the new airline is anything more than hot air remains to be seen.
With a business empire ranging from cola to cell phones to condoms, Richard Branson was once dismissed by the jolly old British business establishment as a brash, attention-grabbing American-style ...
I'm sailing on a Hobie Cat with Richard Branson along the shore of Necker Island, his private enclave about a mile from Virgin Gorda in the British Virgin Islands. The Virgin Islands aren't actually a part of Virgin Group, the conglomerate he founded, but sometimes it's easy to make that mistake.
We asked the brightest minds in business how they do what they do � and how you can cash in on their advice in the year ahead.
The top guns at Walt Disney Co. had every reason to think they had a winner when they launched a wireless service, Mobile ESPN, on Super Bowl Sunday earlier this year.
Business 2.0: Branson's Next Big Betupdated: Mon Oct 02 2006 11:08:00
Business 2.0 Magazine has identified the Best business ideas in the world. This is the first in a series that will appear here throughout the next month. Check back daily for updates.
Famed British billionaire and Virgin Group chairman Richard Branson announced Thursday he would earmark an estimated $3 billion over the next 10 years towards fighting global warming.
Virgin Atlantic boss Richard Branson lets Business Traveller viewers in on the five things that make his life easier when he is on the road.
Only two years old, the QM2 brings back the romance and elegance of ocean cruising so strongly that it's already a legend.
Why are you so interested in ethanol?
Business 2.0: My Golden Ruleupdated: Thu Dec 01 2005 00:01:00
There Can't Be Two Yous WARREN BUFFETT, chairman and CEO, Berkshire Hathaway
Virgin Atlantic Airways announced Wednesday it has ordered a stockpile of the antiviral drug Tamiflu "as a purely precautionary measure" in the event of a human outbreak of bird flu.
Britain's Virgin Atlantic Airways said it has ordered a stockpile of the antiviral drug Tamiflu "as a purely precautionary measure" in the event of a human outbreak of bird flu.
I MUST SAY THAT I'M A LITTLE DISAPPOINTED IN RICHARD Branson. After all this time as one of the world's highest-profile entrepreneurs, he's only now beginning to deal in the world's two most precio...
Thinking about health insurance is about as much fun as a root canal--unless you're Sir Richard Branson. After livening up air travel and mobile phones, the Virgin Group founder and British billion...
Australian transport group Toll Holdings has launched a hostile cash-and-share offer for freight rival Patrick Corp. that values it at Aust. $4.6 billion ($3.5 billion).
The "rebel billionaire" Richard Branson started out some 30 years ago with a small company that he turned into one of the world's most recognizable brand names -- in part by making sure no one else used the word "Virgin" to sell their wares.
High fuel prices and increased competition caused annual net profits at Australia's second largest airline Virgin Blue to slump 12.9 per cent, the air carrier said Wednesday.
Ticket to ride commuter flights to the edge of space may not be too far off -- with spaceliners departing several spaceports here in the United States.
If you have ever dreamed of quitting your job to start your own business then you are not alone.
The first few months of your new calendar may look startlingly blank after the jumble of entries for holiday parties and family gatherings in November and December.
Attention, FORTUNE readers: Dan Schulman, CEO of Virgin Mobile USA, hopes you haven't seen his company's irreverent television advertisements, which target teens and twentysomethings. "If your read...
Fortune: Insider's City Guideupdated: Mon Jun 28 2004 00:01:00
You're traveling on business this summer and find yourself with a few hours to kill. No client to satisfy. No kids to entertain. Just you--itching to fill your belly, slake your thirst, and relax i...
Australian flag carrier Qantas and Richard Branson's Virgin Group will extend their aerial rivalry to Hong Kong when both start using the city as a transit point on flights between London and Sydney later this year.
Fortune: What a Lifeupdated: Mon Oct 06 2003 00:01:00
It is 7 A.M., and Richard Branson has been hard at work for 2 1/2 hours, though you'd never know it by watching him.
Fortune: Editor's Deskupdated: Mon Oct 06 2003 00:01:00
This is not a normal issue of FORTUNE. Normal issues are full of stories about the economy, markets, corporate strategy, and business leaders getting it right or wrong. This special issue is all ab...
Tim Girskis recently strolled into Jack's Surf Shop in Huntington Beach, Calif., looking for some Mr. Zog's surfboard wax. He came out ready to buy a new mobile phone from an upstart cell-phone pro...
Fortune: THE CD-ROM HIT PARADE updated: Mon Sep 19 1994 00:01:00
There's no quicker way to feel old than to glance at the pop music charts and realize you've never heard any of the songs. Fortune can't do anything to raise your rock & roll IQ, but the top ten CD...
Fortune: NOW HEAR THIS updated: Mon Dec 05 1988 00:01:00
-- BORIS GOSTEV, 61, minister of finance for the Soviet Union, on why he may levy new taxes on companies that let pay rise faster than productivity: ''As Keynes said, there's no more destructive po...
© 2013 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|