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US: Diageo ponders LA Clippers deal after NBA acts over Sterling
2014-04-30 16:48:00| Daily beverage news and comment - from just-drinks.com
Diageo is reviewing an initial decision to suspend its sponsorship of the LA Clippers after the US basketball team's owner, Donald Sterling, was given a lifetime ban by the NBA for racist remarks.
US slaps more sanctions on Russia over Ukraine
2014-04-28 23:18:51| Chemicals - Topix.net
An injured man stands near an ambulance during clashes between pro-Russian and pro-Ukrainian supporters at a pro-Ukrainian rally in Donetsk, eastern Ukraine.
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russia
ukraine
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Supreme Court to Decide If POM Can Sue Coke over Labeling
2014-04-21 22:32:43| Beverages - Topix.net
One juice maker is trying to put the squeeze on another before the U.S. Supreme Court.
A Clever Wireless Speaker That Evolves New Features Over Time
2014-04-21 19:53:29| Wireless - Topix.net
Unlike software, which barrages us with an endless flow of updates, hardware's functionalities are often frozen on the production line.
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features
wireless
Zain sued for USD 4.5 bln in damages over Iraqna deal
2014-04-21 10:59:00| Telecompaper Headlines
(Telecompaper) Mobile operator Zain is being sued for USD 4.5 billion over its 2007 acquisition of an Iraqi telecom operator. Zain bought Iraqna for USD 1.2 billion from Orascom Telecom in December 2007 after the Egyptian firm dropped out of the running for a long-term mobile licence in Iraq. The Kuwaiti firm then merged its Iraqi unit, Atheer, with Iraqna and renamed the entity Zain Iraq, which is now the country's biggest operator by subscribers. Zain said in statement to the stock market that a company it declined to identify filed a lawsuit last August. This claims Zain's takeover had stopped the firm buying Iraqna, causing it losses of USD 4.5 billion, Reuters reports. Zain said it believes its position in the case is strong as the claimant company has failed to produce any evidence to back its claim. The anonymous company is also suing Zain and Iraq's Communications and Media Commission jointly for a further USD 1 billion, the statement said. An Iraqi court in January ruled that all Zain Iraq's revenue from its subscriber base transferred to the company as a result of the Iraqna acquisition should be placed under a legal guardian and in an Iraqi bank until the case is resolved. Zain said it unsuccessfully appealed this decision.
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