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BUSINESS BRIEFS.(TO THE POINT)
BEVERAGES
Anheuser bids for China's Harbin
The No. 1 U.S. brewer launched a $720 mil bid for the Chinese brewer, topping rival SABMiller's hostile $550 mil offer. The two brewers are fighting for control of China's 4th-largest beer maker in the country's first takeover battle. The day before, Anheuser-Busch raised its stake to 36% of Harbin. Its offer values Harbin at 35 times the forecast for '04 profit, which some analysts say is too high. SABMiller bought about 30% of the brewery last year. Anheuser rose 17 cents to 53.44.
Coke still risks legal action by EU
The European Union refused to rule out legal action against Coca-Cola, despite talks aimed at resolving a 5-year-old probe into the soft drinks giant's program of offering rebates and rewards to retailers. The two sides are reportedly close to a deal and have exchanged draft texts that would avoid actions that could lead to fines against Coke, reported the Financial Times. Coke fell 0.5% to 51.07.
TRANSPORTATION
Fiat names SGS head to be CEO
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- Magazine article from: Arkansas Business August 27, 2007 700+ words
...presentation about opportunities for U.S. companies in the European Union. The meeting will be held from 11:30 a.m. to 2 p...in the commercial service of the U.S. Mission to the European Union, will speak about EU product certification, in particular...
- U.S. winegrowers have called for the end to subsidizing of European vineyards...
- Newspaper article from: Food & Drink Weekly November 1, 2004 700+ words
U.S. winegrowers have called for the end to subsidizing of European vineyards by the European Union. The EU recently announced that it had allotted $562 million for the restructuring and conversion of EU vineyards. "While winegrape...
- The Coca-Cola Co. has agreed to change sales practices that helped it win...
- Newspaper article from: Food & Drink Weekly October 25, 2004 700+ words
...roughly half of the soft drink market in Europe as part of a settlement of a long-running antitrust investigation by the European Union. Coke's biggest rival, PepsiCo Inc., applauded the deal, which was aimed at creating more competition in the $21...
- Progress has been made in negotiations between the European Union and Canada....
- Newspaper article from: Food & Drink Weekly April 21, 2003 700+ words
Progress has been made in negotiations between the European Union and Canada over a wide-ranging wine and spirits industry deal, according to EU agriculture Commissioner Franz Fischler. He...
- EU.(BUSINESS BRIEFS)(European Union introduces new regulations on olive...
- Newspaper article from: Food & Drink Weekly February 26, 2007 700+ words
Dow Jones Newswires reports that olive oil from Corsica and lamb from western Ireland are among the 28 products EU regulators last week designated as having associations with a particular place. This classification means olive oil and lamb from other parts of the world can't be sold with labels or
- Human stem cell funding.(Business Briefs)(European Union European...
- Magazine article from: Chemistry and Industry December 1, 2003 700+ words
The European Parliament has decided to fund research using stem cells taken from human embryos. If the Council of Ministers agrees, then the money could be spent between 2003 and 2006.
- Europe, Africa seal $15M financial agreement. (Business Briefs: Peace and...
- Magazine article from: African Business June 1, 2003 700+ words
...boosted with the signing of a Euro12m financial agreement with the European Union. The signatures of European Commissioner, Poul Nielson, and...platform for a better collaboration and co-operation with the European Union."
- ECOWAS seeks increased EU funding. (Business Briefs: Funding).(Economic...
- Magazine article from: African Business June 1, 2003 700+ words
ECOWAS Ministers have urged the European Union (EU) to make more funds available to the region to enable it to cope with the cost of adjustments to its economy. At a one...
- Dutch brewer Heineken NV won approval to expand in the German beer market when...
- Newspaper article from: Food & Drink Weekly September 2, 2002 700+ words
Dutch brewer Heineken NV won approval to expand in the German beer market when the European Union Commission cleared its purchase of a stake in German brewer Karlsberg. Since Germany is home to hundreds of brewers, the Commission...
- European Union Commission approved Belgian brewer Interbrew SA's proposed sale...
- Newspaper article from: Food & Drink Weekly July 21, 2003 700+ words
The European Union Commission approved Belgian brewer Interbrew SA's proposed sale of its stake in Namibia Breweries Ltd. to a joint venture between...