Company and Personal News
Suntrust dumps Coke shares but keeps recipe
Date: 2008-07-25 00:00:00
SunTrust said it sold 10 million shares of the beverage maker in June and will be another 3.6 million shares in a charitable trust. The remaining 30 million shares were...
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Better than expected profit by Whirlpool
Date: 2008-07-24 00:00:00
Home appliances company's second quarter net earnings were $117 million, quarterly revenues were up 5% to $5.08 billion. The company said that net earnings for the quarter reflected challenging macroeconomic...
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Auchan acquires Galerias Primero
Date: 2008-07-24 00:00:00
French privately owned retailer's Spanish unit Sabeco S.A. has agreed to acquire supermarket chain Galerias Primero from Group Nozar and Caja Inmaculada (CAI). The two companies, which are a construction...
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PepsiCo's Positive Surprise
Date: 2008-07-24 00:00:00
Despite a 1% decline in the Americas beverage business PepsiCo Inc reported that its net income rose to $1.7 billion, in the second quarter that ended June 14, net revenue...
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Bester Q2 by Praktiker
Date: 2008-07-24 00:00:00
Praktiker AG. cut its full-year sales growth forecast to a low single-digit percentage from a medium single-digit percentage on the back of slowing European economic growth. Second-quarter net profit...
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REWE to cut CO2 emissions in product chain
Date: 2008-07-23 00:00:00
Rewe Group is taking action by applying its environmental activities to cutting CO2 emissions in the product chain. The German retailer starts a pilote project about decresing carbon footprint together...
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Penny don't Stop its Watermelon Action
Date: 2008-07-23 00:00:00
The company pay HUF 40 pro kilo for suppliers, they guaranted HUF 30 for the growers until 27 July. Penny Market disagrees with the political push to cut the consumer's...
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Coke to cut marketing spend
Date: 2008-07-23 00:00:00
Coca-Cola is looking reduce its nonconsumer-facing marketing programmes as it aims to save between $400 million and $500 million a year by the end of 2011. Chief executive of...
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Danone Seeks 1.63 Bln Euro to Quit Wahaha
Date: 2008-07-23 00:00:00
Groupe Danone is seeking 1.63 billion euro in order to quit its Chinese joint venture with Wahaha. However, Wahaha is only offering 296 million euro for Danone's interest, reports the...
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Unilever Disposes Bertolli Olive Oil
Date: 2008-07-23 00:00:00
Unilever signed a definitive agreement for the disposal of its Bertolli olive oil and vinegar business with Grupo SOS for a consideration of Euro 630m. The transaction is structured as...
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Hausbreaking Started in Sugarplant in Szolnok
Date: 2008-07-22 00:00:00
The board of trustees at Mátra Cukor Zrt., belongs to German Nordzucker, announced last year in November, that the company finish the sugar producing in its Szolnok plant.The end of...
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LGT Show at Coke Club Siofok
Date: 2008-07-22 00:00:00
High quality of music and excellent mood typified the last MTV Icon concert in the Coke Club Siófok. High lights of the Hungarian musicans saluted for LGT's 30 years works....
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McDonald's offers year to year more salads
Date: 2008-07-22 00:00:00
The fast food company also populizes the healthy nutrition, with success. According to sales datas guest will eat 2.8 million portion of salads this year. McDonald's offers salads since...
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Marks & Spencer Plans Big Spend Into Online Markets
Date: 2008-07-22 00:00:00
One of UK's biggest retailer will spend £450m on IT and technology over the next three years, pushing into international and online markets to ease its reliance on the ailing...
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Kellogg brand extension targets heart health for women
Date: 2008-07-22 00:00:00
US cereal maker Kellogg targets the mushrooming heart healthy market with a new line extension – specifically aimed at women – to its Smart Start range. The firm that...
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12 km Best Wishes by COOP Hungary
Date: 2008-07-22 00:00:00
COOP donates the Hungarian Olympic Team since 1996 and it is seeded sponsor of Hungarian handball and waterpolo team. Employees of COOP collected signatures and best wishes in 1650 settlement...
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Cafe culture center by Tchibo in MOM Park
Date: 2008-07-21 00:00:00
Tchibo opened its third Coffee shop in Budapest in MOM Park Mall, where costumers can enjoy the Tchibo Klassik range to the complete Privat Kaffee premium range. Hungarian drink...
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Praktiker won Superbrand Award
Date: 2008-07-21 00:00:00
The first Praktiker store was opened in 1978 in Luxembourg. Since that company has 427 units in 9 countries. In Hungary Praktiker started in 1998, now 17 stores belongs to...
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M-real Consumer Packaging has launched new fully wet strength label papers
Date: 2008-07-21 00:00:00
Simcastor Label WS, a supercalendered label, and Simcastor Label WSE, a linen embossed label, aimed at the expanding beer and beverage market.Both Simcastor Label WS and Simcastor Label WSE offer...
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Nordzucker to pay 750 million euros for Danisco's sugar business
Date: 2008-07-18 00:00:00
Germany's second largest sugar refiner Nordzucker has bought the sugar business of Danish food group Danisco. The takeover should be completed inside six months. Nordzucker was the sole bidder for...
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Profit Down at Electrolux
Date: 2008-07-18 00:00:00
Europe's biggest appliance maker, reported second-quarter profit that missed analyst estimates and reduced its full-year earnings forecast after sales of refrigerators and cookers declined in the U.S. and Europe.Electrolux fell...
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Gillette widens reach with hair and body care ranges
Date: 2008-07-18 00:00:00
Gillette is moving beyond the razor blade and deeper into the bathroom with the launch of hair care and body wash product lines. Procter and Gamble (P&G) bought the shaving...
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The hottest place to be is below zero, enjoying the Heineken® Extra Cold Experience
Date: 2008-07-18 00:00:00
The Heineken® Extra Cold Experience is arrived at Budapest, a redesigned truck that offers an unforgettable product and brand experience in relation to Heineken® Extra Cold beer. Heineken® Extra...
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HUF 105 Million fine because of Bonux detergent's ad in 2005
Date: 2008-07-18 00:00:00
According to the court of appeal the competion authority rightly found Procter&Gamble Magyarország Kkt. guilty in bewildering the consumers about Bonux detergent's excellent effect. Hungary's competion authority (GVH) has...
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Tesco's first strip mall in Balatonboglár
Date: 2008-07-18 00:00:00
The 80th Tesco unit is an unique kind of shop yet in Hungary, there are small butiques not only in front of chasiers but also outside of the building. The...
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Romanian Altex revises estimated turnover down by 30m euros
Date: 2008-07-17 00:00:00
The largest electronics and home appliances retailer on the local market, has downwardly revised its estimates for this year's turnover to 400 million euros, after, at the beginning of 2008,...
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France Ends 12-Year Ban on Red Bull
Date: 2008-07-17 00:00:00
Energy drink Red Bull appeared in its original recipe in France's shops for the first time on Tuesday, implementing European regulations. The drink had been banned in France for twelve...
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Parmalat Shares Hit Record Low
Date: 2008-07-17 00:00:00
Shares in Italy's Parmalat slumped to their lowest level since the dairy group's 2005 restructuring, after the company cut its 2008 outlook for sales and core profit due to a...
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GfK Hungary is a Business Superbrand
Date: 2008-07-17 00:00:00
According to the jurey GfK Hungary represents quality and trustiness in the business life. The essential components that define a Business Superbrand – quality, reliability and distinction – help make...
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