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VimpelCom close to US settlement of Uzbek case - report

2015-11-26 09:01:00| Telecompaper Headlines

(Telecompaper) VimpelCom is in talks to pay about USD 775 million to settle US allegations it paid bribes in Uzbekistan to win business, three people familiar with the matter told Bloomberg. The resolution with the Justice Department and the Securities and Exchange Commission could be announced in January, the report said. Vimpelcom took a charge of USD 900 million in the third quarter to cover any eventual costs from the Uzbekistan investigation, which is also underway in Sweden, Switzerland and the Netherlands. The Justice Department, in a civil forfeiture complaint filed earlier this year in New York, alleged VimpelCom, which is traded on the Nasdaq exchange, and a rival company made more than USD 500 million in corrupt payments in order to obtain a licence in Uzbekistan. No company or person has been publicly charged as part of the US and European investigations. A spokesman for VimpelCom declined to comment on the potential settlement. 

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Cellnex, F2i Said Close to Bidding for Telecom Italia Unit

2015-11-25 19:15:29| Telecom - Topix.net

Cellnex Telecom SAU is nearing a bid with infrastructure fund F2i SGR SpA for a stake in Telecom Italia SpA's wireless-tower unit to expand its holdings in the country, according to people familiar with the matter. The two companies are preparing an offer together as early as the second week of December to purchase a stake of about 40 percent in Milan-based Inwit SpA, said the people, who asked not to be named because the project is private.

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Tyson to Close Two Prepared Foods Plants

2015-11-24 18:08:00| Food Processing

Tyson Foods says it plans to discontinue operations at two of its processing plants in efforts to improve its prepared foods business.

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Tyson Foods to close two prepared foods facilities in US

2015-11-20 01:00:00| Food Processing Technology

Tyson Foods intends to close two prepared foods facilities in order to use available production capacity at some of its other plants and cut down costs amidst changing consumer demands.

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Traffic Advisory: Street improvements on E Burnside Street to close lanes from NE 90th Ave. to NE 94th Ave., Nov. 19-20

2015-11-19 19:21:05| PortlandOnline

The Portland Bureau of Transportation advises the traveling public that street improvements will require lane closures on East Burnside Street from NE 90th Avenue to NE 94th Avenue starting Thursday, Nov. 19, through Friday, Nov. 20, from 7 a.m. through 5 p.m. each work day to complete a first phase of asphalt removal.

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