Time Warner Inc.: Telecom Italia nd Time Warner Inc.today announced that Telecom Italia has agreed to acquire Time Warner's AOL Germany Internet access business for EUR 675 million ($870 million, Equity Value) in cash.
A new report published today shows that 40% of homes in Western Europe will have digital TV by the end of this year. The 10th edition of Informa's Western European TV report forecasts that the region will pass 100 million digital homes during 2010 and reach 116 million by end-2011 - equivalent to a 75% penetration rate.
London ranks as the most popular destination for Chinese companies expanding into Europe according to the Ernst & Young European Investment Monitor. The news comes from Think London, the foreign direct investment agency for London.
At its scheduled Board meeting, and as part of its annual review, AB Volvo's Board of Directors decided to adopt new financial targets for the company. The decision is based on the Board's assessment that Volvo today has a structurally higher profitability, stronger cash flow and a lower risk. The board focuses on three external financial targets covering growth, operating margin and capital structure. The Board takes a positive view of opportunities to increase the return of funds to shareholders at the next Annual General Meeting. However, the Board of Directors wants to consider possible acquisitions before taking a definitive position.
Focus on niche marketing, production streamlining, and research and development will lead to success in the European market for fine chemicals. European companies face intense competition from Asian fine chemical suppliers, due to lack of capability differentiation and relatively higher fixed cost and labor costs. Moreover, slower approval rates for new chemical entities have lead to overcapacity and reduced profitability in the industry, forcing participants to either restructure or exit the market.
Latest UK Regional Trade in Goods estimates show that total exports between Quarter one 2006 and Quarter two 2006 rose in all 12 of the regions and countries of the UK.
The August Bloomberg Eurozone Retail Purchasing Managers' Index, a monthly survey indicating economic conditions in the Eurozone retail sector one month ahead of government issued figures, signaled growth of retail sales in the single currency area for the fifth successive month, though the rate of increase eased since July.
Spain continues to occupy the second position in the world for both the number of tourists received (after France) and by volume of sales (after the US). Travel and tourism now makes up 12% of GDP according to National Statistics and is of an enormous importance to the Spanish economy.
The increasing consumer demand for low-fat foods is encouraging food manufacturers to use products that provide sweetness without the extra calories of sugar. At the same time, soaring obesity rates and the increasing number of diabetics are creating opportunities for food and beverage manufacturers to expand the number of products that contain sugar substitutes.
