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Oi shares suspended in setback to Portugal Telecom tie-up

2014-03-28 14:45:41| Telecom - Topix.net

Brazil's securities watchdog on Thursday suspended the offer of shares in telecommunications company Grupo Oi SA for up to 30 days, dealing a setback to its planned merger with Portugal Telecom .

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BMW Suffers Big Setback Against Tesla in California

2014-01-10 10:55:26| Auto Dealers - Topix.net

BMW 's Tesla-challenger, the i3, was engineered to get special regulatory status in California to enable it to compete effectively against the Tesla Model S. Just in time for BMW's customers to start placing their orders, this critical BMW selling point has been removed, resulting in a huge victory for Tesla as well as BMW's other competitors.

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India-US Rift Poses Setback to Climate Push

2014-01-09 07:19:00| Climate Ark Climate Change & Global Warming Newsfeed

Wall Street Journal: U.S. Secretary of Energy Ernest Moniz has postponed a trip to India that was planned for next week, a spokesman for the Energy Department official said late Wednesday, in a sign of the worsening fallout over the arrest of an Indian diplomat in New York last month. We have been in conversation with Indian counterparts about rescheduling, said the official. We agreed to hold the dialogue in the near future at a mutually convenient date. We place great emphasis on the U.S.-India energy partnership,...

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Cooper setback in Apollo deal

2013-12-18 12:39:54| Industrial Machines - Topix.net

Cooper Tire & Rubber Co.' s efforts to force India's Apollo Tyres Ltd. to complete its proposed acquisition of the U.S. company for $2.3 billion received another legal setback, paving the way for the Indian company to walk away from the deal.

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