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UPDATE 1-DSV raises profit f'cast, expects UTi takeover in Q1 2016

2015-10-28 09:25:30| Logistics - Topix.net

Danish transport and logistic group DSV raised its profit guidance after posting a bigger-than-expected third quarter results on Wednesday and said it still expected to close a takeover of UTi Worldwide in the first quarter 2016. The world's fifth largest freight forwarder said operating profit before special items rose to 851 million Danish crowns in July-September, beating a mean forecast of 816 million crowns in a Reuters poll of analysts.

Tags: update profit expects raises

 

Cardionomic Raises $20 Million in Series A Financing to Develop Heart Failure Therapy

2015-10-28 06:10:11| IT Services - Topix.net

Medical device developer Cardionomic, Inc., today announced that it has received $20 million in Series A financing. Investors include New Enterprise Associates , the Cleveland Clinic, Greatbatch Inc., and others.

Tags: series heart million develop

 
 

Romania raises 10.1m from 3.4 GHz, 3.8 GHz auction, misses target

2015-10-28 01:00:00| Total Telecom industry news

Orange, Vodafone and others pick up frequencies in 10.1 million spectrum sell-off; fees due in December.

Tags: target auction romania ghz

 

Number of unsold condos in Toronto raises red flags

2015-10-26 12:08:33| Grocery - Topix.net

Toronto's condo sector has seen rising numbers of newly built, but unsold condos this year, raising red flags among some industry watchers. But Canadian Imperial Bank of Commerce economist Benjamin Tal insists those who see the trend as a sign of a condo bubble about to pop "are barking up the wrong tree."

Tags: number red toronto flags

 

Vivendi raises Telecom Italia stake over 20%

2015-10-26 08:38:00| Telecompaper Headlines

(Telecompaper) French media conglomerate Vivendi has announced that it has further boosted its stake in Telecom Italia to 20.03 percent of the company's ordinary shares. Vivendi has been the Italian operator's largest shareholder since June, when it received 8.24 percent of shares from Telefonica as part-payment for the sale of its Brazilian broadband unit GVT and purchased 6.66 percent of additional shares. The French group subsequently increased its holding to 15.5 percent in September and 19.9 percent earlier this month. In a statement Vivendi reiterated its intention to be a long-term shareholder of the Italian telecoms group and, more generally, to develop Vivendi's activities in southern Europe. The company is said to be looking for a wider platform for the distribution of content created by its subsidiaries such as Canal Plus and Universal Music Group in Italy.

Tags: italia telecom raises stake

 

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