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Australia to get classified Japanese data on stealthy submarines ahead of bid, sources say
2015-05-07 03:38:41| Industrial Machines - Topix.net
Japan will agree this month to give Australia classified submarine data, an unprecedented step signaling Tokyo's intent to join competitive bidding to sell Canberra a fleet of stealth subs, said two Japanese officials familiar with the plan.
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australia
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Car makers, Baidu prepare bid for Nokia's Here - report
2015-05-06 18:56:00| Telecompaper Headlines
(Telecompaper) Germany's big-three premium-brand auto makers are preparing an acquisition bid with Baidu for a majority stake in Nokia's Here mapping unit, the Wall Street Journal reported, with sources saying the bid values the unit at "considerably more than EUR 2 billion." BMW, Audi, and Daimler's Mercedes-Benz want to band together in order to prevent a company such as Google, Apple or Facebook from gaining control of a key part of the technology needed to run self-driving cars and in-car digital services, the sources said."The greatest threat to the automobile industry would be if Google developed an operating system for self-driving cars and made it available free to everyone," the source said. Talks have reached an advanced stage and are likely to conclude within the next two weeks. Although there are still no specific details such as price and the distribution of specific stakes, the German car makers are aiming to acquire a controlling majority. Baidu and an undisclosed financial investor in the group would acquire minority stakes. Nokia would retain a minority stake. Separately, Audi is expected to announce a "far-reaching cooperation" with China's Baidu at the China CES consumer electronics show in Shanghai later this month, the person said.
iiNet recommends TPG's increased A$1.9bn takeover bid
2015-05-06 02:00:00| Total Telecom industry news
Australia to get stronger competitor in fixed broadband market; iiNet brand will be retained.
Tags: increased
bid
recommends
takeover
Paper Companies' Bid to Reduce Tax Bills Curtailed by IRS
2015-05-05 23:20:29| Industrial Machines - Topix.net
Packaging companies including International Paper Co. and Rock-Tenn Co. won't be able to separate their containerboard operations into tax-advantaged vehicles, under rules proposed Tuesday by the IRS.
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companies
tax
reduce
Paper Companies' Bid to Reduce Tax Bills Curtailed by IRS
2015-05-05 22:24:07| Paper - Topix.net
Packaging companies including International Paper Co. and Rock-Tenn Co. won't be able to separate their containerboard operations into tax-advantaged vehicles, under rules proposed Tuesday by the IRS.
Tags: paper
companies
tax
reduce
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