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Comcast to drop Detroit if FCC approves Time Warner merger

2014-10-07 08:33:00| Telecompaper Headlines

(Telecompaper) Comcast has revealed it will pull out of Detroit and other midwestern and southern US communities if the Federal Communications Commission (FCC) green lights its USD 45.2 billion acquisition of number two cable operator Time Warner Cable. In a reply to groups objecting to the proposed merger, Comcast said it would withdraw from some markets, to become what it described as "an urban clustered cable company", above all gaining New York and Los Angeles. In total, the transaction would expand Comcast's video customer base by 7 million. By giving up markets such as Detroit, Minneapolis-St. Paul or Cleveland, Comcast would keep its share below the limit of 30 percent of US pay-TV homes that the company has agreed to honour. If the proposed merger gains regulatory approval, cable subscribers formerly under the Comcast umbrella in cities such as Detroit, Minneapolis and elsewhere would be served by a new company, GreatLand Connections, a joint venture with Charter Communication. However, as Bloomberg points out, GreatLand would start with USD 7.8 billion in debt, equal to about five times its earnings before interest, taxes, depreciation and amortization (EBITDA). 

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Virginia DEQ approves innovative stormwater media filtration solution

2014-10-06 21:15:25| Waste Management - Topix.net

LITTLETON, CO, Oct. 6, 2014 -- At the beginning of September, the State of Virginia's Department of Environmental Quality approved Oldcastle Stormwater Solutions' Perk Filtera , a stormwater media filtration device, for use to meet the new water quality design requirements of the Virginia Stormwater Management Program. The review and approval process required submission of a Manufactured Treatment Device Registration form, Maintenance Manual and Technical Evaluation Report of a field monitoring study used for approval of the Perk Filter under the Washington Department of Ecology TAPE protocol.

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Occidental Petroleum's Board Of Directors Approves Spin-Off Of California Resources Corporation

2014-10-06 09:31:59| chemicalonline Home Page

Occidental Petroleum Corporation announced recently that its Board of Directors has approved the spin-off of its California oil and gas business into an independent and separately traded company, California Resources Corporation

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Thailand approves $1.9bn Suvarnabhumi Airport expansion plan

2014-10-06 01:00:00| Airport Technology

The Thai government has approved a $1.9bn expansion plan at Bangkok's Suvarnabhumi Airport.

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EU antitrust body approves Chiquita-Fyffes merger creating world's largest banana supplier

2014-10-03 19:29:52| Food - Topix.net

The European Union's antitrust body says it has approved a merger between U.S. banana company Chiquita and Fyffes of Ireland in a deal that creates the world's largest banana supplier. The 28-nation bloc's executive Commission said Friday "wholesale and retail customers would still have a significant number of other ... suppliers to choose from" even though the companies are the two largest banana suppliers in Europe.

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