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ARGENTINA: Inditex hits back at slave labour claims
2013-04-12 15:37:52| Daily apparel & textile news and comment - from just-style.com
Inditex has hit back at claims by an Argentinian worker rights group that claims it is producing products under sweatshop conditions in the country.
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UK: Juicy Water back on shelves after name re-think
2013-04-12 10:58:00| Daily beverage news and comment - from just-drinks.com
Innocent has returned a line of fruit-flavoured bottled water back to its original name six years after the initial rebranding.
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MetroPCS shareholders back new offer from Deutsche Telekom
2013-04-12 09:57:00| Telecompaper Headlines
(Telecompaper) Two of MetroPCS' major shareholders have withdrawn their opposition to the company's proposed merger with T-Mobile USA, after Deutsche Telekom improved the terms of the offer. Paulson & Co, the largest MetroPCS shareholder with a 9.9 percent stake, said that it "appreciates the substantial improvement to the terms", which include a USD 3.8 billion reduction in debt and 50 basis points reduction in the interest rate. Paulson said it will review its proxy statement for the AGM and intends to vote for the merger as restructured. P. Schoenfeld Asset Management (PSAM) also announced that it will withdraw its proxy solicitation campaign against the deal and not object to the proposed merger. PSAM said Deutsche Telekom had listened to the concerns of itself and other shareholders and improved the capital structure of the merger company. Under the new terms of the deal, it calculates pro forma net debt of 3.0 times EBITDA and a ratio of EBITDA minus capital expenditure to interest expense of 1.0 for the merged operators, which "conforms to what PSAM believes is necessary for a stable capital structure".
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Environmental Questions Take Back Seat at Confirmation Hearing for E.P.A. Nominee
2013-04-12 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: Most of the biggest challenges facing the Environmental Protection Agency climate change, major new regulations on power plant emissions, biofuels production and enforcement of clean air and water laws were virtually absent from Thursdays confirmation hearing for President Obamas nominee to head the agency, Gina McCarthy. Instead, Republicans on the Senate Environment and Public Works Committee repeatedly returned to relatively arcane disputes over e-mail accounts used by top officials at...
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VIDEO: BP looks to bounce back after spill
2013-04-11 11:05:45| BBC News | Business | UK Edition
Investors and bosses have gathered for BP's annual general meeting, as the oil firm continues to deal with the costly fallout from the 2010 Deepwater Horizon disaster in the Gulf of Mexico.
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