Company and Personal News
LG Display Q2 net profit surges
Date: 2008-07-10 00:00:00
South Korea's LG Display Co Ltd's reported a $738.3 million net profit in the second quarter to June 30. The figure is close to the company's record quarterly profit...
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5% revenue increase at Pepsi Bottling Group
Date: 2008-07-10 00:00:00
PBG reported second quarter 2008 revenue of $3.5 billion, a five percent increase over prior year, net income was $174 million. PBG reported net revenue per case growth of eight...
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Heineken Plans To Restate S&N Accounts
Date: 2008-07-10 00:00:00
Dutch brewer plans to restate accounts for its newly acquired Scottish & Newcastle (S&N). "We are assessing the assets we have bought and we are putting them in light of...
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Hungary consumer confidence improves in Q2
Date: 2008-07-10 00:00:00
Although consumer confidence in Hungary rose in the Q2 of 2008, households Purchasing Propensity Index shows a decreasing tendency and reached its second lowest value since 2002, a survey by...
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Netto/Plus Deal Referred To Local Regulator
Date: 2008-07-09 00:00:00
The European Commission has referred Rewe's bid to buy the Czech Plus discount chain to the Czech Competition Authority. The EC said it was passing the case as the...
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Lidl – soon in Romania
Date: 2008-07-09 00:00:00
The company is looking for locations to open its first stores in Romania, it is building a 45,000-square metre logistic centre on the outskirts of Bucharest. Schwarz Group-owned Lidl has...
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Pringles Are Not Potato Chips
Date: 2008-07-09 00:00:00
Pringles, Procter & Gamble Co.'s salty snack stacked in a tube, are not potato chips, a London judge ruled today in a tax dispute. Pringles don't fulfill the legal definition...
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American Express Settle for $1.8 Billion
Date: 2008-07-09 00:00:00
American Express sued larger competitors MasterCard and Visa Inc. in November 2004 after the U.S. Supreme Court ruled they violated antitrust laws by preventing member banks from offering rival cards....
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Nestle Sells 25% Stake Of Alcon To Novartis
Date: 2008-07-09 00:00:00
The deal was worth $10.4bn in cash, about $200m less than the figure stated in April when the transaction was first revealed. Novartis said the lower amount reflects a dividend...
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Coca-Cola agrees to $137.5 mln settlement in case
Date: 2008-07-08 00:00:00
A shareholder lawsuit claimed the world's largest soft drink maker artificially inflated sales to boost its stock price, according to court documents. The lawsuit, filed in October 2000, claimed...
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InBev Seeks to Replace Anheuser – Busch Board
Date: 2008-07-08 00:00:00
The world's second largest brewer by volume, said it wants to provide shareholders with an opportunity to have a direct voice in its proposed takeover of Anheuser-Busch. Belgian brewer InBev...
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SABMiller Completes Ukrainian Acquisition
Date: 2008-07-08 00:00:00
The Ukrainian competition authorities gave green light to SABMiller, to complete the acquisition of 99.84% interest in the Ukrainian brewer CJSC Sarmat. Sarmat is one of the largest brewers in...
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Running with Puma in Tate Galery
Date: 2008-07-08 00:00:00
In every hour fifty amateurs will sprint as fast as they can through the gallery at 30-second intervals. Work No 850 is the latest piece by Martin Creed, who has...
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Zwack Manufaktúra House at VOLT Festival
Date: 2008-07-08 00:00:00
The most popular drinks were the limited edition of Kosher apricot with honey and peach palinkas – designed direct for the event. 77,000 people arrived to Sopron to hear...
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New F&B director at Birdland Resort
Date: 2008-07-08 00:00:00
Tibor Mészaros is liable for increasing quality at Resort's catering services in frame of a reorganization program. The famous specialist leads from now 3 restaurants, 5 bars, 2 kitchen and...
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New Marketing Director at Borsodi
Date: 2008-07-08 00:00:00
András Szirbek believes the real brands give not only added value but it functions as a cohesion power for the companies and pulsates in every unit and process of the...
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Nestle Water to Build EUR 7 Million Plant in Portugal
Date: 2008-07-07 00:00:00
Work on the new facility in Coruche will start next week, with production beginning some time in 2009. Nestle Waters Direct has announced it will build a new plant costing...
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Danisco Cultures Invests in Kefir
Date: 2008-07-07 00:00:00
Danisco has completed in a major expansion of its kefir culture processing plant in Olsztyn, Poland, more than trebling capacity to meet the growing international demand for kefir products. The...
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Carrefour is intended to buy Karavan
Date: 2008-07-07 00:00:00
The second largest chain of food hypermarkets is negotiating the purchase of the controlling stake of Karavan hypermarket chain in Ukraine.The owners of the chain estimated 100% of its cost...
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The Total Warning was Spare and Wrongdoer
Date: 2008-07-07 00:00:00
According to Trade Union of Meat Processor Workers the Pápai Hús Zrt. wrongs the Book of Work Law. The Trade Union ask the National Authority of Work to examine the...
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LEGO Group takes over production from Flextronics in Hungary, Mexico
Date: 2008-07-04 00:00:00
The largest toymaker in Europe, has announced that it is taking over LEGO production from contract manufacturer Flextronics in Juárez, Mexico and Nyíregyháza, Hungary. The LEGO Group and Flextronics have...
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Barilla raises pasta prices 40 pct in 18 months
Date: 2008-07-04 00:00:00
The price of pasta in Italy was up 22.4 percent in June from the year before, while the price of bread rose 13.0 percent. Prices of durum wheat used for...
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Huge fine for Dia in Greece
Date: 2008-07-04 00:00:00
According to local press reports the Competition Committee has imposed a penalty of EUR5.1 million on Carrefour-owned Dia. The discounter was forcing the franchisees to sell their products at certain...
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Wal-Mart Faces $2 Billion Labor Law Trial
Date: 2008-07-04 00:00:00
The lawsuit is one of more than 70 cases, including class actions, or group suits, in which Wal-Mart has been accused of wage-law violations. Wal-Mart Stores Inc. broke Minnesota...
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Starbucks to fire 12,000 employees
Date: 2008-07-03 00:00:00
Starbucks will close 600 stores in the United State of America, most of them opened after the start of fiscal 2006. The Seattle-based company said in a release that it...
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Nike profit up by 12%
Date: 2008-07-03 00:00:00
Revenue grew only 4% in the U.S., 19% in the European region, 39% in the Asia Pacific region and 30% in the Americas region. Nike posted better than expected net...
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Friesland to Develop New Proteins for Boosting Immune System
Date: 2008-07-03 00:00:00
Friesland Foods, Lactive and Animal Sciences Group of Wageningen UR are jointly researching new proteins that play a part in boosting the immune system. Friesland Foods Domo s expertise in...
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Anheuser-Busch Faces Shareholder Lawsuits
Date: 2008-07-03 00:00:00
Some Anheuser-Busch Cos Inc shareholders have filed lawsuits seeking to force the U.S. brewer to fairly consider the $46.3 billion takeover bid from InBev NV, according to court documents obtained...
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Auchan to Open Next Unit in Miskolc
Date: 2008-07-02 00:00:00
The new ecofriendly hypermarket will be less high as the others and has special heating and cooling technology. The next Auchan hypermarket, which opens in last quater of the...
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Aldi to Open One New Store a Week until 2013
Date: 2008-07-02 00:00:00
Aldi sets to spend £1.5 billion up on its expansion plans – building a new store every week and recruiting 1,500 employees. The German hard discount chain announced its plans...
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