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Vivendi snubs Telecom Italia share conversion plans
2015-12-14 08:47:00| Telecompaper Headlines
(Telecompaper) French media conglomerate Vivendi, currently Telecom Italia's biggest shareholder with a 20.1 percent stake, has announced that it will abstain from voting on the Italian operator's plan to convert its savings shares into ordinary stock at a 15 December meeting, meaning the plan is unlikely to be approved. If Telecom Italia completes its plan, Vivendi's holding could be diluted to 13.9 percent. Telecom Italia subsequently issued a statement defending the planned conversion, stressing that it was in the interests of all its shareholders and had been welcomed by analysts.
Tags: share
plans
italia
conversion
Sunday Business Notebook: La-Z-Boy plans to open new concept store at St. Johns Town Center
2015-12-13 02:40:33| Furniture - Topix.net
La-Z-Boy is going to open a furniture store at St. Johns Town Center. The group that owns two La-Z-Boy stores in the Jacksonville area and eight in Atlanta paid $5,995,000 for the former CompUSA/TigerDirect building at 10207 Buckhead Branch Drive.
Tags: business
center
open
store
Green Investment Bank sell-off plans alarm MPs and peers
2015-12-13 01:04:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Controversial plans to privatise the governments Green Investment Bank (GIB) have run into serious trouble in parliament amid fears among MPs and peers that the sale will strip it of any legal requirement to back exclusively green projects and promote a low-carbon economy. Key figures in government have admitted that the sell-off has become hugely problematic, because ministers have been told the switch to the private sector has to include rule changes that will release the privatised bank from...
Tags: green
plans
bank
investment
DuPont, Dow Chemical Announce Merger Plans
2015-12-12 21:44:13| Chemicals - Topix.net
The Dow Chemical Company corporate headquarters in Midland, Michigan. Recent news reports have indicated a possible merger between Dow and DuPont.
Tags: plans
chemical
announce
dow
Ford plans 13 new electrified vehicles by 2020; investing $4.5B to meet electrification goals
2015-12-11 01:43:34| Automakers - Topix.net
Ford Motor Co. says it will introduce 13 new electrified vehicles worldwide by 2020, including an updated Focus sedan that will go on sale late next year.
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