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Samsung clears hurdle on way to $8 billion shakeup as court rules against U.S. fund

2015-07-07 07:48:23| Chemicals - Topix.net

A South Korean court on Tuesday denied an injunction request by a U.S. hedge fund trying to block builder Samsung C&T Corp , the de facto holding company of Samsung Group. The verdict allows chemicals and construction materials firm KCC, Cheil's second-biggest shareholder, to exercise voting rights for the treasury shares.

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EU seeks views on Europe's audiovisual media rules

2015-07-06 12:00:21| Digital TV News

The European Commission has announced a public consultation on the current framework regulating Europe's audiovisual media landscape. The consultation seeks feedback from stakeholders (market players, public organisations, consumer organisations) but also from viewers themselves.

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Icasa: Vodacom must meet BEE rules on Neotel

2015-07-04 08:41:19| Telecom - Topix.net

Vodacom Group Ltd, the African unit of Vodafone Group PLC, can buy Neotel Pty Ltd if it complies with South Africa's black-ownership rules and brings broadband internet to rural areas, the Independent Communications Authority of South Africa said. Black economic-empowerment groups must hold 30-percent equity of the individual licence that is being transferred, Icasa said in a government gazette on Thursday.

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Republican governors signal their intent to thwart Obamas climate rules

2015-07-03 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: As President Obama prepares to complete sweeping regulations aimed at tackling climate change, at least five Republican governors, including two presidential hopefuls, say they may refuse to carry out the rules in their states. The resistance threatens to ignite a fierce clash between federal and state authorities, miring the climate rules in red tape for years. The fight could also undermine Mr. Obamas efforts to urge other nations to enact similar plans this year as part of a major United Nations...

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S. Korea court rules in favour of Samsung subsidiaries merger

2015-07-02 11:29:44| Chemicals - Topix.net

A South Korean court on Wednesday ruled in favour of a proposed merger of two Samsung Group subsidiaries, rejecting a US hedge fund's motion to stop the eight-billion-dollar acquisition. US hedge fund Elliott had asked for a court injunction to stop Cheil Industries acquiring Samsung C&T Corp through an all-stock deal, a move seen as an effort by Samsung's founding Lee family to boost control over the conglomerate ahead of a generational power transfer.

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