Business news for Mon, 31 Dec 2007 & with word operator. 4 news.

SAN FRANCISCO (MarketWatch) -- Winnipeg Commodity Exchange, a subsidiary of IntercontinentalExchange , will be known as ICE Futures Canada, effective Jan. 1, IntercontinentalExchange said Monday. The name change is in line with ICE's other futures subsidiaries, ICE Futures U.S. and ICE Futures Europe, the exchange operator said.

The airports operator has invited unions to last-ditch talks in the hope of avoiding a 24-hour walkout that threatens to shut down Britain's biggest airports

HONG KONG (MarketWatch) -- Tokyo-listed supermarket and department store operator Seiyu Ltd. will undergo a restructuring that will see the firm refurbish stores and open new ones, while targeting a return to profitability within two years, according to the Nikkei business daily. As part of its transformation to a wholly-owned subsidiary Wal-Mart Stores Inc. this spring, the firm will consolidate five regional units, up the pace of its refurbishment plans to include more than 70 stores in 2008 and make other adjustments to its supply chain and payroll procedures, the Nikkei reported. Seiyu will open about 60 new stores by 2012 and target annual group sales of more than 1.2 trillion yen. The report said the strategy set out the goals as part of five-year plan.

Vodafone sought last night to play down suggestions that Arun Sarin, its chief executive, is set to reap a £45 million windfall from the turnaround in the mobile phone operator’s fortunes. Reports claimed that Mr Sarin’s potential windfall had been boosted by the 33 per cent jump in the company’s share price over the past year.