Business notebook
Upcharge: British Airways PLC raised its transatlantic fuel surcharge for tickets sold in the United States by $10 each way to $65 as it struggles with higher jet-fuel prices and competition from lower-cost carriers.
The color of fast: Dell Inc., the world's largest personal computer maker, introduced its fastest notebook PCs and offered a red model for the first time to woo gamers. Pricing for the Formula Red XPS M1710 starts at $3,400.
Phase 3: Millennium Pharmaceuticals Inc. of Cambridge started a phase 3 trial of Velcade with rituximab to study progression-free survival in patients with relapsed or refractory follicular lymphoma, a subtype of non-Hodgkin's lymphoma.
Named: Tweeter Home Entertainment Group Inc. of Canton named Patrick Reynolds to succeed Mark Richardson as senior vice president and chief marketing officer.
What the heck: Former New York Stock Exchange chairman Richard Grasso said that while settling a lawsuit over his $193 million pay package did not seem likely, he was willing to go along with a judge's suggestion to hold settlement talks.
Suit, countersuit: Burst.com Inc., a provider of software for broadcasting audio and video over the Internet, sued Apple Computer Inc. for using its patented technology in iPod music players. The allegations came in a countersuit filed in San Francisco federal court in response to a lawsuit Apple filed in January asking a judge to rule that it doesn't infringe on the patents.
East meets West: Saks Inc. plans to open its first luxury store in China in 2008, tapping demand for upscale products in the world's fastest-growing major economy. Saks signed a licensing agreement with Roosevelt China Investments Corp. to develop Saks Fifth Avenue stores. The partner will own and operate the stores, Saks said.
Reserved seats: Northwest Airlines dropped a $15 fee it charged its most frequent fliers for the right to reserve some aisle and exit-row seats.
Settled: Sprint Nextel Communications Inc. agreed to pay New York City $295,000 to settle a lawsuit in which the city accused the cellular telephone provider of deceptive advertising. Sprint Nextel had planned to challenge the constitutionality of the city's claim, but dropped the idea after settling.
(Globe wire services)
