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Porsche SE still in trouble over failed VW takeover

2014-11-18 04:28:33| Automakers - Topix.net

Volkswagen AG now owns the entirety of the luxury sports car manufacturer Porsche, but not long ago the brand's controlling holding - Porsche SE - attempted to gain control over the German automaker. The resulting botched takeover resulted in many legal problems for Porsche SE, which has now said its shareholders need to be prepared if the firm would be made to give up "economic benefits" gained from the unsuccessful attempt to gain the majority control over VW.

Tags: trouble failed vw porsche

 

Sprint Back in Buying Mode Following Failed T-Mobile Bid

2014-11-15 15:22:46| IT Services - Topix.net

Sprint's failure to complete its proposed acquisition of T-Mobile this August was a disappointment for the company, but it appears that Sprint is again starting to get the acquisition itch . A Nov. 12 report by USA Today says that Sprint is eyeing a Los Angeles startup, FreedomPop , a free Internet and mobile phone service provider, as part of a possible acquisition or investment.

Tags: back mode buying bid

 
 

Google's Page, Virgin's Branson backed satellite on failed launch

2014-10-30 05:51:15| IT Services - Topix.net

Google Inc Chief Executive Officer and Co-founder Larry Page and Chairman Eric Schmidt are among a roster of billionaires who backed a small satellite built by privately held Planetary Resources Inc that was aboard an unmanned rocket that blew up during a launch on Tuesday. Planetary Resources, which intends to mine asteroids for fuel, water and minerals, said it also counts Virgin Group Founder Richard Branson, Ross Perot Jr, former Microsoft Corp executive Charles Simonyi and John Whitehead, the former chief executive of Goldman Sachs Group Inc, among its investors.

Tags: page failed launch satellite

 

Hoffa: Mexican cross-border trucking program has failed

2014-10-15 16:25:44| Trucking - Topix.net

WASHINGTON, D.C. - After spending tens of millions of dollars over the past three years to monitor and inspect trucks domiciled in Mexico, the Mexican Cross-Border Trucking Program ends today. Unfortunately, by all significant measures, the program has been a failure.

Tags: program failed mexican trucking

 

Cuomo's memoir details 'devastating' divorce, failed 2002 run

2014-10-13 05:57:40| Footwear - Topix.net

In 'All Things Possible,' the governor usually known for his confidence writes about the personal and political mistakes he's made, admitting he 'let arrogance get in the way' in his failed campaign and in his divorce from Kerry Kennedy Cuomo. The 515-page memoir is out on Tuesday.

Tags: details run failed divorce

 

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