BRUSSELS (Reuters) - The International Monetary Fund is sticking to its estimate that losses on U.S. assets from the subprime crisis and its wider fallout would be about $1 trillion despite fresh U.S. banking problems recently, a senior IMF official said...
SYDNEY/BRUSSELS (Reuters UK) - BHP Billiton BHPBLT said on Thursday that United States antitrust authorities have cleared its unsolicited $170 billion (85 billion pound) bid for rival miner Rio Tinto RIORIO. The company's announcement said the clearance satisfied part of U.S. antitrust law requirements. U.S....
This article is on food safety in the European Union. With EU enlargement almost upon, food safety is a hot topic in Brussels again. As the new member states grapple to comply with the strict regulatory regime, this year has already seen an influx of new legislation. The obesity debate...
In the 1960s, the United States experienced a wave of conglomerate mergers, driven in part by overly restrictive antitrust policies toward horizontal and vertical mergers. In response, the U.S. antitrust agencies and courts developed a number of theories of competitive harm with colorful names like deep pockets, reciprocal dealing, and...
This paper first discusses the empirical evidence on earnings management practices by Belgian companies. This review indicates that Belgian companies manage earnings to avoid declines in earnings or losses, to influence relations with external financiers and to reduce taxes. Belgian companies quoted on the Brussels Stock Exchange also report significantly...
IIB Bank, a wholly owned subsidiary of the Brussels-based KBC NV has been active in the Irish market since 1973. The challenge put forth by the company was to implement Basel II in home loans. SAS' experience in risk management was vital in establishing the appropriate business definitions and translation...
The client mentioned in this study is one of the largest telecom service providers in a European Union member country, with approximately 5.2 million access channels, and is listed on Euronext Brussels in March 2004. The company used legacy systems for Order Management OM and Provisioning, which do not cater...
BRUSSELS (Reuters UK) - U.S. group Avnet AVT won permission from the European Commission on Friday to buy Horizon Technology Group HOR, an Irish distributor of information technology products. "A number of other wholesale distributors will exercise competitive constraints on the merged entity," the Commission,...
Though Financial Security Assurance FSF is currently rated AAA, Hedge fund manager Bill Ackman thinks the company may be headed for trouble. Bloomberg's Christine Richard points out in an article on Bloomberg.com that Ackman, who made similar (and, it turned out, largely accurate) predictions regarding monoline insurers MBIA MBI and...
You Tell Us: What Will Become of the Microsoft-Yahoo Merger?RE: You Tell Us: What Will Become of the Microsoft-Yahoo Merger?MS's previous reputation concerning freemaket enterprise will give the feds reason to wip out the magnifying glass on this deal, and Google doesn't even have to yell very loud.Microsoft is poisonI...
BRUSSELS (Reuters UK) - A provisional EU deal on making airlines pay for their CO2 emissions is unaffordable for an industry already hurting from high fuel prices, the International Air Carrier Association IACA said on Thursday. A European Union source earlier said member states had ...
BRUSSELS (Reuters UK) - InBev INTB set in motion its plan to oust the board of reluctant bid target Anheuser-Busch BUD on Tuesday by sending a letter to the U.S. rival it has offered to buy for $46.3 billion (23.5 billion pounds). Belgium-based InBev said on...
BRUSSELS (Reuters) - The U.S. economy is facing a tough second quarter and Europe will not be immune to the impact, Treasury Secretary Henry Paulson was quoted as saying on Wednesday. "There's no doubt that the second quarter will be a tough ...
BRUSSELS (Reuters UK) - ArcelorMittal ISPA said on Sunday it has increased its stake in Australian miner Macarthur Coal Ltd MCC to 19.9 percent by buying shares from another stakeholder as part of a strategy to safeguard its raw materials supply. In May, Arcelor paid...
(Reuters) - U.S. brewer Anheuser-Busch Cos Inc BUD is in active talks to sell itself to Belgian brewer InBev NV INTB in a friendly deal, the New York Times said on its website, citing people briefed on the matter. One source told the...
By William Schomberg BRUSSELS (Reuters) - The dollar's fall is a source of global concern and the European Union wants a better balance between the U.S. unit and other major currencies, European Commission President Jose Manuel Barroso said on Friday. Speaking to a...
Marcus Buckingham asks a key question about managing talent: "What would happen if men and women spent more than 75 per cent of each day on the job using their strongest skills and engaged on their favourite tasks, basically doing exactly what they wanted to do?" They'd...
By Martinne Geller and Jessica Hall NEW YORK/PHILADELPHIA (Reuters UK) - Anheuser-Busch BUD has finally begun negotiations for a friendly merger with InBev INTB, a source familiar with the situation said on Friday, sending shares of both brewers up more than 7 percent. Anheuser, the maker...
By Matt Cowan and Adrian Bathgate LONDON/WELLINGTON (Reuters UK) - Apple's AAPL new iPhone made its hotly awaited debut on Friday, with buyers storming stores in Asia and queues forming in European cities. Sales of the device, which combines a music and video player, cellphone and...
(Reuters) - European regulators are preparing to file new antitrust charges against Intel Corp INTC, expanding a probe into the chipmaker's marketing and sales practices, The Wall Street Journal said, citing people familiar with the matter. The new charges, which could...
