Archive for August 20th, 2012
Expensive social housing should be sold to pay for new properties, think tank claims
Social housing in the most expensive areas of Britain should be sold off to pay for the construction of new social homes, a think tank claimed today. A new report from the Policy Exchange recommends that expensive council homes should …
Wet weather keeps shoppers away from Britain’s high streets
There was a decrease in the number of shoppers visiting high streets, shopping centres and out of town retail parks across the UK in the three months to
Taiwanese handset maker HTC invests in US-based Magnet Systems
HTC Corporation (TPE:2498), a Taiwanese provider of wireless telecommunications devices, said today it had bought a 17.1% stake in US next-generation enterprise platform company Magnet Systems Inc for
British drinks giant Diageo in talks to acquire Jose Cuervo in $3bn deal
British branded premium alcoholic beverages group Diageo Plc (LON:DGE; NYSE:DEO) is negotiating a cash-and-stock deal worth some USD3bn (EUR2.4bn) for the acquisition of Mexican tequila brand Jose Cuervo
Korea Life considers walking away from deal to buy ING’s Asian life insurance unit
Korea Life Insurance Co Ltd, a unit of South Korean Hanwha Group (KRX:000880) may drop plans to further compete for the acquisition of Dutch
UK airport operator BAA to put Stansted Airport on the block
UK's BAA Airports Limited said today it will proceed with the disposal of London-based Stansted Airport Limited after deciding not to file an appeal to the Supreme Court
Dutch Heineken confirms higher bid for Asia Pacific Breweries
Dutch brewer Heineken NV (AMS:HEIA) said it had agreed a final, higher bid of SGD5.6bn (USD4.5bn/EUR3.6bn) for the direct and indirect stakes in Singapore-based peer Asia Pacific Breweries
Greece: A portrait of country in economic crisis
It’s another beautiful day in the northern Greek city of Volos. The sun is shining in a perfectly clear sky, and in the main streets the bars are
Best Buy’s founder Schulze rejects due diligence offer from board
US consumer electronics retailer Best Buy Co Inc (NYSE:BBY) said its board had offered founder and shareholder Richard Schulze to carry out due diligence with the view of
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