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Investors beware: global land grabbing ends in 'financial damage' and human rights violations

2013-02-07 19:39:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: Investing in companies that flout local community rights in developing countries often leads to severe economic losses, according to a new report from the Rights and Resources Initiative (RRI). A rising trend in "land grabbing" from Africa to South America by corporations and even foreign governments results in social instability, which can lead to large-scale protests, violence, and even murder, delaying and sometimes derailing projects. Such instability poses massive risk to any investor, not to...

Tags: rights land global human

 

KPN plans rights issue after weak Q4 results

2013-02-05 09:11:00| Telecompaper Headlines

(Telecompaper) KPN saw results deteriorate in the fourth quarter, mainly due to strong competition on the mobile market. Revenues fell 3.0 percent, or 2.4 percent on an underlying basis, to EUR 3.27 billion (including EUR 221 million in book gains). EBITDA fell 15 percent (underlying -16%) to EUR 1.12 billion, with the EBITDA margin losing almost 5 points to 34.2 percent. The operating result was EUR 129 million (-70%), and the net loss EUR 160 million (EUR 0.11 per share). The company's (reduced) targets for 2012 were reached as a whole, helped by asset sales. In the Netherlands, KPN said matters were stable; Germany meanwhile is heading towards a lower margin and lower sales growth. KPN said it will be forced to hold a rights issue of EUR 4 billion to strengthen the balance sheet. The operator has also formulated some new goals. For example, the Dutch broadband market share must be at least 40 percent and reach even 45 percent in the longer term. The mobile market share must be at least 40 percent. KPN has not excluded further job losses after 2013 as part of its efficiency measures.

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Energy Companies and Landowners are Clashing over Property Rights

2013-02-03 02:22:30| Energy - Topix.net

A small town just east of Atlanta has a big battle on its hands. It is taking on the Georgia Transmission Corp., which is the local delivery arm for Southern Co .

Tags: rights property companies energy

 

Amazon Lands Exclusive Streaming Rights to Downton Abbey

2013-02-01 22:36:26| PC Magazine Software Product Guide

In a hit to streaming rivals Netflix and Hulu, Amazon on Friday announced a content licensing agreement with PBS Distribution that gives the web giant exclusive streaming rights to the uber-popular TV show Downton Abbey.

Tags: rights amazon exclusive lands

 

Amazon scores exclusive streaming rights to Downton Abbey

2013-02-01 19:09:18| CNET News.com

The online retail giant snags the popular TV series from Netflix and Hulu. [Read more]

Tags: rights amazon exclusive scores

 

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