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Former Secy Transportation LaHood outlines his view of future transportation systems in US, calls for 10-cent boost in gasoline tax

2013-10-25 20:30:28| Green Car Congress

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FRANCE: LVMH outlines benefits of Loro Piana deal

2013-10-25 13:51:00| Daily apparel & textile news and comment - from just-style.com

French luxury conglomerate LVMH Moët Hennessy Louis Vuitton has told the European Commission of the benefits that would flow from its planned merger with Italian cashmere giant Loro Piana.

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ECB outlines bank healthchecks

2013-10-23 13:22:04| BBC News | Business | UK Edition

Bank shares across Europe fall after details of planned healthchecks of the top lenders were unveiled by the European Central Bank.

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Berec outlines opposition to EC proposals

2013-10-18 13:42:00| Telecompaper Headlines

(Telecompaper) EU regulator Berec has responded in detail to the European Commission's proposals on strengthening the single telecom market. Berec's initial reaction to the proposals presented last month was that the EC had rushed through the development of the package without sufficient consultation or evaluation of the possible consequences. The regulator has now published a more detailed opinion, after meeting with the EC to discuss the plans. While it shares the EC's overall objectives, it considers the proposals "disproportionate, and in some cases counterproductive to their stated aims". They also represent a fundamental shift in how the sector is regulated, adding the new aim that ex ante regulation must promote the global competitiveness of the EU. This could increased the room for legal challenges to regulation, creating market uncertainty. The new focus also appears to encourage market consolidation, which appears at odds with the previous goal of regulation to promote competition, Berec said. A number of elements also seem to undermine the principle of infrastructure competition in the current regulatory framework. The regulator is also concerned about the changing balance in power, centralising it more with the Commission at the expense of the EU member states, national regulators and Berec. The motivation for this, nor its potential consequences, have been explained, Berec said.

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US: Wal-Mart boss outlines strategic objectives

2013-10-16 14:36:05| Daily apparel & textile news and comment - from just-style.com

Increasing comparable store sales in the US, improving international returns and reducing expenses are the key strategic objectives for retail giant Wal-Mart Stores, investors have been told.

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