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Economic slowdown, crashing auto sales force general insurance companies to focus on retail

2013-08-05 20:55:41| Auto Dealers - Topix.net

Industry officials also say that there is an increasing focus on renewal premium, as the new premium growth from the motor, engineering segments has slowed.

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BnA could force E-Plus, O2 to give up some frequencies

2013-08-05 16:28:00| Telecompaper Headlines

(Telecompaper) [Update] Germany's Federal Network Agency (BnA) is considering whether O2 and E-Plus will have to give up some of their frequencies if they proceed with their merger, reports German newspaper 'Frankfurter Allgemeine Zeitung' (FAZ). The regulator believes that their GSM licences as well as their UMTS licences are tied to their competitive independence. According to letters sent to E-Plus CEO Thorsten Dirks and Telefonica Germany CEO Rene Schuster, and seen by the FAZ, the regulator warns it could revoke their frequency allocation in an extreme case. BNA will examine the merger proposal and and has asked the companies to provide information within two weeks, according to the letter dated 25 July of this year. The agency will have to review whether the frequencies will still be "efficiently used" and whether the combination would hamper competition plus seeking comments from competitors, according to Bloomberg also citing from the letters. Both Telefonica and E-Plus commented to Bloomberg that the letters are part of their goal to receive quick regulatory approval.

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Obama nominates James as Air Force secretary

2013-08-02 03:35:38| IT Services - Topix.net

A former assistant defense secretary and House staffer is President Barack Obama's pick to be the next secretary of the Air Force, the White House said Thursday.

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UK Food Economy Task Force Launched

2013-07-31 02:00:00| ThePigSite - Industry News

UK - Following the publication of the BIS-Defra-DfID UK Strategy for Agricultural Technologies on 22nd July 2013, the National Centre for Universities and Business (NCUB) has launched a major Task Force to find ways of boosting the UK’s food economy through world-class collaboration between businesses, universities and government.

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World Fuel doubts Quebec can force it to pay for rail disaster cleanup

2013-07-31 01:29:05| Oil & Gas - Topix.net

U.S. fuel logistics company World Fuel Services Corp. said on Tuesday it has "serious objections" to being ordered by the Quebec government to help pay for the cleanup of the devastating railway crash in Lac-Megantic, Quebec, on July 6. The provincial government of Quebec signed a legal order on Monday obliging the U.S. operator of the train, ... (more)

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