This is what’s in the news for Monday, March 12, 2012. The Wall Street journal reports Airbus (EADSY) and a group of European airlines again warned that the European Commission faces a trade war after extending its emission trading scheme to the global industry. The Wall Street journal also reports Volkswagen (VLKAY) said it expects operating profit in 2012 to remain steady and expects higher costs for new technology to offset a rise in vehicle sales and revenue. Reuters reports Mexican billionaire Carlos Slim is financing an Internet TV network that will include an interview show with former TV host Larry King. Reuters also reports JetBlue (JBLU) has talked with the management of Aer Lingus about the possible purchase of a stake in the Irish airline, the Irish Times says. Finally Bloomberg reports Barry Diller, chairman of IAC/InteractiveCorp (IACI), expects his Aereo Inc. Web-based TV service to be in 75-100 cities within a year after making its debut this week in New York.
