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Deutsche Telekom CEO rules out Iliad bid for T-Mobile
2014-08-07 15:01:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom has rejected the offer from France's Iliad to acquire T-Mobile US. Deutsche Telekom CEO Tim Hoettges said in a conference call on the company's quarterly results that Iliad's offer did not meet the group's criteria for selling the US subsidiary, Reuters reports. "We have always said that we would be open to offers for T-Mobile US which would improve its position and that of its shareholders," Hoettges said. "At the moment, we don't have an offer which fits those criteria." This appears to rule out Iliad's offer, while Sprint earlier indicated that it was no longer interested in consolidation with T-Mobile. A person close to Iliad told Reuters that the French company would weigh whether to improve its USD 33 per share bid for 56.6 percent of T-Mobile US, but that it first wanted to talk to the German company to learn more about its expectations. Much would depend on whether another bidder emerges, the person said, and whether Iliad can convince Deutsche Telekom of its ability to run T-Mobile in a more cost efficient way. Hoettges said T-Mobile would look for regulatory support if it could not agree a merger. "In the US we have the situation that the two largest operators take more than 100 percent of the cash flow in the market," he said. "If consolidation is not desired, regulators should help to improve the position of smaller operators." The CEO underlined that T-Mobile was still growing strongly on its own and none of the offers for the company "give better growth perspectives than we currently have."
California Debates New Rules for Diminishing Groundwater Amid Historic Drought
2014-08-07 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Washington Post: With a historic drought parching the state, California lawmakers are moving this week to begin rationing one of the last unregulated water sources that cities and agriculture interests need to keep the taps flowing. The state legislature is moving measures that would require cities and towns to begin imposing regulations that will ensure groundwater reserves are managed sustainably. The measures would create groundwater-sustainability agencies across the state responsible for coordinating among...
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FDA tightens gluten-free labelling rules
2014-08-06 01:00:00| Packaging Gateway
The US Food and Drug Administration (FDA) has introduced a new rule that foods labelled gluten-free must contain less than 20 parts per million of gluten.
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AEM Expands REACH Training Program to Cover Conflict Minerals and RoHS Rules
2014-08-04 06:00:00| Industrial Newsroom - All News for Today
AEM will expand its REACH regulatory-compliance training program to help members and the industry comply with equally complex Conflict Minerals and RoHS rules. AEM Market Access Pathway training platform allows manufacturers to trace vendors' participation and completion of training at every level of supply chain without revealing proprietary vendor information. It is designed to build a common understanding throughout company’s supply chain to assist reporting accuracy and ...This story is related to the following:Trade Associations
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A dozen states file suit against new coal rules
2014-08-02 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: Twelve states filed a lawsuit against the Obama administration on Friday seeking to block an Environmental Protection Agency proposal to regulate coal-fired power plants in an effort to stem climate change. The plaintiffs are led by West Virginia and include states that are home to some of the largest producers of coal and consumers of coal-fired electricity. Republicans have attacked the E.P.A. proposal as a war on coal, saying that it will shut down plants and eliminate jobs in states that...
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