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Nippon Steel to set aside 5 bln yen to raise bonuses
2013-10-30 10:50:10| Steel - Topix.net
Nippon Steel & Sumitomo Metal Corp , the world's second-biggest steelmaker, said on Wednesday it will set aside 5 billion yen to increase staff bonuses next year as its business prospects improve.
Australia: Climate Change Authority says Abbott must raise emissions target
2013-10-29 23:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Australia's 5% emissions reduction target is "not a credible option' and must be increased, possibly to 15% or 25%, the independent Climate Change Authority has found in recommendations posing a huge challenge for the Coalition's Direct Action policy. The Coalition and Labor have promised to meet the same 2020 greenhouse gas reduction targets -- a minimum 5% and a maximum of 25% -- by 2020, under the same set of conditions about what action would need to be taken by the rest of the world for Australia...
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Numericable looking to raise EUR 652.5 mln from IPO
2013-10-28 11:51:00| Telecompaper Headlines
(Telecompaper) French cable operator and MVNO Numericable is looking to raise around EUR 652.5 million during its upcoming initial public offering, Bloomberg reported. Numericable is offering the shares at EUR 20.30-24.80 per unit. Carlyle Group and Cinven Group are selling stock valued at about EUR 402.2 million, accounting for the majority of shares for sale. Pricing will be decided on 7 November, with trading scheduled to begin the following day in Paris. Private-equity firm Altice will become Numericable's biggest shareholder with a 30 percent stake after the IPO. A greenshoe has also been granted, so that Carlyle and Cinven may increase the Numericable shares they sell by 15 percent. Should those shares be fully subscribed, Carlyle's holding will fall to 24.5 percent, and Cinven's to 15.2 percent. JPMorgan Chase and Deutsche Bank are managing the share sale.
Analysts raise target price on Ford stock
2013-10-26 13:29:41| Automakers - Topix.net
A number of analysts on Friday raised the target price on Ford Motor Co. stock following the automaker's better-than-expected third-quarter results, particularly outside North America, where Ford turned a cumulative profit for the first time since the second quarter of 2011.
Twitter plans to raise $1.4bn in IPO
2013-10-24 22:21:22| BBC News | Business | UK Edition
Twitter is to sell 70 million shares at an initial sale price of between $17 and $20 (10 - 12), valuing the company at up to $11.1bn.
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