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RUSSIA: SABMiller sees Russia struggle in 2013, upbeat on year ahead
2014-02-11 11:10:00| Daily beverage news and comment - from just-drinks.com
SABMiller has admitted to an unsatisfactory year for its partnership with Anadolu Efes in Russia, but maintains that 2014 offers reasons for optimism.
Vodafone CEO sees USD 30-40 bln available for acquisitions
2014-02-11 09:18:00| Telecompaper Headlines
(Telecompaper) Vodafone Group could spend up to USD 30-40 billion on acquisitions in coming years and no deal should be too big if it makes strategic sense, CEO Vittorio Colao said. Colao told reporters he was exploring possibilities for big acquisitions on top of investments in Vodafone's existing business, to be financed with the proceeds from selling the company's 45 percent stake in Verizon Wireless. He said the company was looking at "sizeable" acquisitions that could "transform the company", Reuters reported from a a media roundtable in New York. The operator could have up to USD 40 billion for takeovers, after it returns most of the Verizon proceeds to shareholders and invests USD 30 billion in its network over the next two years. This is based on debt of 2x annual EBITDA. While the CEO was careful not to name any acquisition targets, he said Vodafone is keen to build up its fixed-line assets in Europe, its enterprise business around the world and its mobile business in emerging markets. Colao estimates that Vodafone has 16-17 percent of the total telecommunications market and that it could increase this to 20-23 percent. The CEO sees the best chances to buy mobile assets in emerging markets, as Vodafone could have trouble getting many deals past regulators in Europe because of its size there.
Louis Dreyfus Sees Sugar Surplus Lasting on Currencies, Profits
2014-02-10 07:48:31| Sugar Industry News
The global sugar surplus will extend for a fourth year in 2014-15 as cane is still more profitable than other crops and currency devaluations in producing nations help offset price drops, according to Louis Dreyfus Commodities.
Tags: louis
sugar
sees
profits
S. Korean Bloomberg sees Samsung, Hyundai's economic dominance for 10 more years
2014-02-09 06:49:29| Chemicals - Topix.net
Fears spread among South Koreans over their economy's heavy dependence on top two conglomerates after a local corporate data provider warned it.
Tags: more
years
economic
samsung
Patrick Sees Fix For Failed Mass. Health Care Website
2014-02-07 01:14:56| IT Services - Topix.net
Gov. Deval Patrick apologized Thursday to frustrated Massachusetts residents who have struggled to sign up for health coverage because of a problem-plagued state website and outlined a series of steps aimed at correcting the glitches.
Tags: health
website
care
health care
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