Business Services Industry

Daily Mail, London, Business Briefs.

Knight Ridder/Tribune Business News, August, 2003

Daily Mail, London Knight Ridder/Tribune Business News

Aug. 30--US FEDERAL RESERVE chairman Alan Greenspan defended a flexible interest rate policy over rigid inflation targets, and noted the US economy's "extraordinary" resilience to the "monumental shock" of the September 11 terrorist attacks.

INVESTMENT FIRM MMC entered the bidding for the Drax power station against International Power, Goldman Sachs and mining firm BHP Billiton, by promising to inject UKpound 100 million. The auction was expected to close last night.

UNITED AIRLINES, the world's biggest, has been forced to delay its emergence from bankruptcy protection until the first half of next year due to the industry's uncertain outlook.

AEROSPACE and engineering...

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