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Alcatel's strategic undersea cables unit to be swallowed by Nokia

2015-10-06 23:18:44| Telecom - Topix.net

Alcatel-Lucent said on Tuesday it will not sell its undersea cables unit, meaning the strategic business which underpins the global Internet will be taken by Nokia once it completes its acquisition of the Franco-American group. The Finnish firm said in April the 15.6 billion euro acquisition of network gear maker Alcatel-Lucent as they aim to better compete with market leader Ericsson and low-cost Chinese powerhouse Huawei [HWT.UL].

Tags: unit nokia strategic cables

 

The shale industry could be swallowed by its own debt

2015-06-20 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: The debt that fueled the U.S. shale boom now threatens to be its undoing. Drillers are devoting more revenue than ever to interest payments. In one example, Continental Resources Inc., the company credited with making North Dakotas Bakken Shale one of the biggest oil-producing regions in the world, spent almost as much as Exxon Mobil Corp., a company 20 times its size. The burden is becoming heavier after oil prices fell 43 percent in the past year. Interest payments are eating up more than...

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How the worlda s biggest food giants swallowed the pet food industry

2015-02-05 14:36:47| Food - Topix.net

J.M. Smucker -- the megabrand behind Folgers coffee, Jif peanut butter, Pillsbury, Crisco and its namesake jam -- announced this week that it would pay about $5.8 billion to buy Big Heart Pet Brands, maker of Meow Mix, Milk-Bone, Pup-Peroni and Kibbles 'n Bits. That's following last year's $2.9 billion gobbling-up of pet-food lines Iams and Eukanuba by Mars, the candy titan behind M&M's, Snickers and Skittles -- a deal that bulked up Mars' pet-brand portfolio, including Whiskas and Pedigree.

Tags: food industry pet biggest

 

Partisanship has swallowed up the debate over climate change

2015-01-24 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

FiveThirtyEight: For a moment Wednesday, it seemed like the environment, unlike nearly everything else in Washington, was a nonpartisan topic. Ninety-eight senators voted to pass a resolution declaring that climate change is real and not a hoax. (Republican Roger Wicker of Mississippi was the lone no vote.) The vote was meant to force Senate Republicans to take a stand a day after President Obama critiqued Republicans for refusing to acknowledge the scientific consensus that climate change is happening due to human...

Tags: change debate climate swallowed

 

Forgotten plight Australia Torres Strait islanders: land is being swallowed by rising sea

2014-08-02 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Independent: The islands which dot the sparkling waters of the Torres Strait, off the far north-east of Australia, were the birthplace of indigenous land rights. In 1992, five islanders led by Eddie Mabo won a landmark High Court case which erased the notion that Australia was unoccupied when the British arrived. But more than two decades on, the land for which they fought is being swallowed by the sea. The low-lying islands some of them closer to Papua New Guinea than the Australian mainland are at risk...

Tags: land australia sea rising

 

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