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UPDATE 2-Monsanto to spend $100 mln on W. Canada corn over 10 years
2013-06-24 18:12:30| Chemicals - Topix.net
Seed developer Monsanto Co said on Monday that it would spend $100 million over the next 10 years on breeding corn for Western Canada, a move it said might change the crop makeup in a fertile region that produces big harvests of spring wheat and canola.
Tags: years
canada
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Telefonica sells Irish unit O2 to 3 Ireland for EUR 850 mln
2013-06-24 10:06:00| Telecompaper Headlines
(Telecompaper) Telefonica has agreed to sell its operating business in Ireland to 3 Ireland, owned by Hutchison Whampoa. The total consideration for the acquisition is EUR 850 million, with EUR 780 million in cash payable on completion and a further additional deferred payment of EUR 70 million dependent upon achievement of agreed financial objectives. The takeover of its bigger rival takes 3 to the number two position on the Irish market, with an estimated market share of 37.5 percent, with over 2 million active customers. The combined operators had pro forma revenues of EUR 803 million in 2012, compared to just EUR 174 million for 3 alone. 3 said the deal will give it the strength to challenge Vodafone for the number one position on the market.
Facebook lets slip 6 mln e-mail addresses, phone numbers
2013-06-24 08:46:00| Telecompaper Headlines
(Telecompaper) Facebook admitted to having unintentionally shared approximately 6 million users' e-mail addresses and phone numbers with unauthorised viewers in the last year. The data leaks began in 2012 because of a technical glitch, according to the social network. Facebook users who downloaded contact information for their friends list received additional data they were not meant to have. Facebook, which has 1.1 billion users around the world, said it has no evidence that the vulnerability was exploited maliciously. It received no complaints nor does it evidence to suggest wrongdoing. Facebook nonetheless said it was 'upset and embarrassed' by the error.
Tags: email
phone
numbers
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3 Ireland nears O2 acquisition for EUR 700 mln report
2013-06-23 09:43:00| Telecompaper Headlines
(Telecompaper) Hutchison Whampoa, owner of 3 Ireland, is in advanced talks to acquire Telefonica's Irish unit O2, Bloomberg reports, citing unnamed sources close to the negotiations. According to the same sources, an agreement could be reached even before rival bidders are expected to place their bids on 5 July. Telefonica is keen on closing a deal before it publishes interim results at the end of next month, the sources added.
Tags: report
eur
ireland
acquisition
Mexico corn miller Gruma refinances $400 mln debt
2013-06-19 06:02:45| Agriculture - Topix.net
Mexican corn miller Gruma said on Tuesday it refinanced $400 million in debt taken out last year to buy back a stake in the company previously owned by U.S. agribusiness giant Archer Daniels Midland.
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