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Swatch says Tiffany to pay it $449 million in damages

2013-12-22 21:06:30| Jewelry - Topix.net

Swatch Group said a Dutch court has sentenced Tiffany & Co. to pay it 402 million Swiss francs in damages in a lawsuit following the end of a collaboration between the two groups.

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Pakistan secures $3.8 million World Bank fund to combat climate change

2013-12-21 23:49:00| Climate Ark Climate Change & Global Warming Newsfeed

Business Recorder: Pakistan has won dollars 3.8 million Readiness Fund of Forest Carbon Partnership Facility (FCPF) to combat climate change and tropical deforestation after a tough competition at Geneva, Switzerland. The FCPF is the World Bank administered facility that is set up to compensate developing countries for reductions in carbon dioxide emissions achieved by preserving their forests. A total of eight new countries including Pakistan have been selected for the FCPF fund after Norway pledged dollars 100...

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Alcatel sells federal technology unit for US$200 million

2013-12-21 15:25:27| Telecom - Topix.net

As a partner company under private owners, the former Bell Labs team says it will be able to go after more markets LGS Innovations, a company formed during the Alcatel-Lucent merger to supply technology to the U.S. government, has been sold to a pair of U.S.-based investment companies for about US$200 million.

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Gelsona s Markets bought in $394 million all-cash deal

2013-12-21 09:53:00| Grocery - Topix.net

The parent company of Gelson's Markets, which operates 17 specialty grocery stores in Southern California, announced today that it has entered into a definitive agreement to be acquired by TPG, the global private investment firm, in an all-cash transaction valued at $394 million.

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Southwire buys rival U.S. wire, cable maker for $492 million

2013-12-21 09:07:57| Industrial Machines - Topix.net

Southwire Co, one of the biggest U.S. electrical wire and cable makers, has agreed to buy smaller U.S. rival Coleman Cable Inc ( The deal will increase Southwire's share of the automotive, construction and power market and give the Carrollton, Georgia-based company access to new products such as wiring for power transformers.

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