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Archive for March 26th, 2008Motorola to split in two in bid to regain leadershipPosted by UK Economy News
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26Mar 08 Motorola announced Wednesday it would split into two independent, publicly traded companies in an effort by the struggling telecom and wireless firm to regain market leadership.
Read full story US new home sales drop, but prices pick upPosted by UK Economy News
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26Mar 08 Sales of new homes across the United States fell again in February as the property market remained mired in one of its worst downturns in decades, a government report showed Wednesday.
Read full story Comments Off Thomson shareholders approve takeover of ReutersPosted by UK Economy News
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26Mar 08 Shareholders of Thomson Corp. and Reuters approved plans Wednesday for the Canadian firm to buy the British-based media and information group and create the world's biggest provider of financial data.
Read full story Comments Off Take-Two urges stockholders not to sell to Electronic ArtsPosted by UK Economy News
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26Mar 08 Take-Two Interactive urged shareholders Wednesday to reject a bid by the world's biggest videogame maker Electronic Arts, which is bent on capturing hit games "Grand Theft Auto" and "Bioshock."
Read full story Comments Off Decision delayed on legality of Dacia strike: courtPosted by UK Economy News
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26Mar 08 Thousands of workers at Renault-owned Romanian automaker Dacia remained on strike for a third day Wednesday, whilst a local court delayed a decision on its legality, according to a judicial source.
Read full story Comments Off Ecuadorian president meets Repsol head to discuss oil contractsPosted by UK Economy News
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26Mar 08 The head of Repsol, Spain's biggest oil group, met Wednesday with the president of Ecuador in Quito to advance talks on the renegotiation of oil contracts, the company said in a statement..
Read full story Comments Off India’s Tata acquires Jaguar, Land Rover for 2.3 billion dollarsPosted by UK Economy News
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26Mar 08 India's Tata Motors said Wednesday it was buying British luxury icons Jaguar and Land Rover from ailing US carmaker Ford for 2.3 billion dollars as it vaulted into the premium global car market.
Read full story Comments Off EU launches antitrust probe of Visa EuropePosted by UK Economy News
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26Mar 08 The European Commission said on Wednesday it had launched an anti-trust probe into payments card giant Visa Europe in case fees for cross-border transactions broke EU competition rules.
Read full story Comments Off Italy, France launch probes into Liechtenstein tax dodges: reportsPosted by UK Economy News
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26Mar 08 Italian authorities are investigating 390 suspects in connection with the tax probe sparked by the leaking of a list of account holders in Liechtenstein banks, news agencies reported Wednesday.
Read full story Comments Off Reuters shareholders back takeover by ThomsonPosted by UK Economy News
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26Mar 08 Shareholders of British media group Reuters voted in favour of a takeover by Canadian peer Thomson Corporation, the London-based company said in a statement on Wednesday.
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