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Tag: unit
Barclays shuts 'tax avoidance' unit
2013-02-09 21:14:18| BBC News | Business | UK Edition
Barclays is to close down a part of its business which helped clients avoid tax, the BBC understands.
Tags: unit
tax
avoidance
barclays
ThyssenKrupp Sees Jobs Cuts in Revamp of European Steel Unit
2013-02-08 15:54:06| Steel - Topix.net
German steel and engineering conglomerate ThyssenKrupp AG will drastically reduce headcount in its European steel unit in a move to alleviate margin pressure amid the region's sluggish demand and new competition from Russia.
Tags: jobs
unit
european
steel
OTE to sell satellite unit to Arabsat for EUR 208 mln
2013-02-08 09:04:00| Telecompaper Headlines
(Telecompaper) Greek operator OTE has agreed to sell its satellite unit Hellas Sat to Saudi Arabia-based Arabsat for EUR 208 million. The deal values the company at EUR 157 million, or 7 times EBITDA for 2012, plus Hellas Sat's cash of EUR 53.4 million. OTE CEO Michael Tsamaz said in a statement said that the value of the deal was "satisfying". The transaction is expected to be completed in the second quarter, pending regulatory approval. Hellas Sat has the exclusive use of the orbital position of 39 degrees East and all associated radio frequencies from Greece and Cyprus. It operates the Hellas-Sat 2 satellite, with wide coverage of Europe, the Middle East and South Africa. The company has over 100 customers in 26 countries.
Chrysler Joins With Santander to Create Auto-Financing Unit
2013-02-07 05:01:20| Automakers - Topix.net
Chrysler Group LLC, the automaker controlled by Fiat SpA, agreed to make a U.S. unit of Banco Santander SA its preferred provider for auto loans, replacing Ally Financial Inc.
Tags: create
unit
chrysler
joins
Stadler FLIRT Electric Multiple Unit (EMU)
2013-02-07 01:00:00| Railway Technology
Stadler FLIRT is an electric multiple unit (EMU) manufactured by Stadler Rail, a Switzerland-based rail manufacturer. FLIRT stands for Fast Light Innovative Regional Train. These trains are manufactured for operations on suburban and regional railway
Tags: multiple
unit
electric
flirt
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