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'R699' scam victims in bid to get even
2014-08-30 16:35:28| Auto Dealers - Topix.net
Consumers who were taken for a ride in the now-defunct "Drive a new car for R699" scheme will visit banks countrywide on Saturday to hand over a memorandum demanding their original credit application forms.
Takeda, Lilly lose bid to overturn $9 billion award for hiding cancer risk
2014-08-30 03:04:00| Biotech - Topix.net
Takeda Pharmaceuticals and Eli Lilly & Co lost a bid to overthrow a combined $9 billion punitive-damage award by a U.S. jury for hiding cancer risks associated with their Actos diabetes drug, according to a court ruling.
UPDATE 2-Oracle loses bid to restore $1.3 bln SAP verdict, could get new trial
2014-08-29 23:13:47| IT Services - Topix.net
Oracle Corp failed to revive a $1.3 billion jury verdict in its long-running copyright dispute with German software company SAP SE as a U.S. appeals court said Oracle must choose to accept a lower amount or face a new trial.
Telecom Italia offers EUR 7 bln for GVT, Telefonica ups bid
2014-08-28 08:38:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has made a EUR 7 billion cash-and-share offer for Vivendi's fast-growing Brazilian broadband unit GVT, prompting a bidding war with Telefonica, which almost immediately responded with a EUR 7.45 billion offer. Telecom Italia's proposal envisages a merger between GVT and the Italian operator's Brazilian unit Tim Brasil, with Vivendi taking a stake of around 15 percent in the combined company and 20 percent in Telecom Italia itself. The cash payment, meanwhile, will come from a capital increase by Tim Brasil. Overall, Telecom Italia confirmed that the bid was made up of 24 percent in cash and around 76 percent in shares and will be valid until 20 September. Shortly after Telecom Italia released the details of its bid, Telefonica made a new offer for GVT worth EUR 7.45 billion, up from its 05 August proposal of EUR 6.7 billion. Telefonica said it would pay EUR 4.66 billion in cash and offer Vivendi a 12 percent stake in the new combined group to be created from the merger of GVT and Telefonica Brasil. Telefonica, whose offer expires on 29 August unless the two parties agree to an extension, also offered Vivendi an option to buy an 8.3 percent stake in Telecom Italia.
Telecom Italia makes 7bn GVT offer, Telefonica ups bid
2014-08-28 02:00:00| Total Telecom industry news
Battle for Brazilian broadband provider heats up; Telecom Italia acknowledges Oi's interest in TIM Brasil.
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