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ADM in Talks on Sale of Cocoa Operations After Margins Squeezed

2013-06-21 11:14:18| Agriculture - Topix.net

Archer-Daniels-Midland Co., the world's largest corn processor, is in talks to sell its cocoa unit, which swung to an operating loss in the first quarter amid a squeeze on processing margins.

Tags: sale operations talks margins

 

Microsoft, Nokia held 'advanced' talks on merger - report

2013-06-20 09:15:00| Telecompaper Headlines

(Telecompaper) Microsoft recently held "advanced talks" with Nokia about buying its handset business, people familiar with the matter told the Wall Street Journal. The discussions faltered over price and worries about Nokia's slumping market position, among other issues, the report said. One source said talks took place as recently as this month but aren't likely to be revived. A Nokia spokeswoman said the companies meet regularly but declined to comment further. According to the report, Nokia also last year considered a potential spin-off of Navteq. CEO Stephen Elop shot down the idea because he believed mapping was an important part of Nokia's product offerings. The paper's sources also said Nokia has been exploring a buy-out of Siemens in the Nokia Siemens Networks joint venture.

Tags: advanced report held microsoft

 
 

'CIMB still in talks with San Miguel over BoC deal'

2013-06-19 22:01:27| Beverages - Topix.net

KUALA LUMPUR: CIMB Group Holdings is still in talks with San Miguel Corp on its plans to acquire a controlling stake in the Philippines' Bank of Commerce , chief executive Datuk Seri Nazir Razak said yesterday.

Tags: san deal talks miguel

 

Shell to resume Nigera delta oil spill compensation talks

2013-06-19 18:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Oil company Shell will resume talks next week in London with lawyers representing 15,000 of the poorest people in the world who are claiming millions of pounds' compensation for oil spills on the Niger delta. But Martyn Day, of Leigh Day law firm which is acting for the communities, said the case could still go to a full high court trial in London in 2014. The Shell petroleum development company of Nigeria (SPDC) has admitted liability for two spills from a pipeline in the Niger delta in 2008, but...

Tags: oil resume compensation delta

 

US: Apparel groups welcome start to EU trade talks

2013-06-19 15:54:00| Daily apparel & textile news and comment - from just-style.com

The European Parliament has welcomed the launch of trade negotiations with the US - but warned that a deal would only be signed if it was in the best interests of businesses and consumers.

Tags: start groups trade apparel

 

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