Nestle, L'Oreal and the Bettencourts chequered history in business. The present situation of L'Oreal and Nestle relationship "isn't on the agenda for the time being," commented Jean-Paul Agon, CEO of L'Oreal in an interview with Investir, a French weekly magazine, which was published today.
Industry
Google Buoys Poor S&P Performance
Google's 4.4% increase helps S$P meet its averages in a dismal week. Earnings from Google buoyed a stock rise in technology shares last Friday. The gains from this market segment was unable to counteract the worst week in the S&P 500 since November.
Putin's Russia Reeling from Equity Flight
Due to the lack of promised reforms, many investors are moving their investments from Russia to other countries.
Cathay Fortune Refuses Support for Discovery Metals Plan
Cathay Fortune said it would not support the plan of Discovery Metals to expand capitalization. The top shareholder in Discovery Metals Ltd, private equity firm Cathay Fortune Corp said it would not vote for the approval of the company's plan to increase capital funding.
Boston's Toll Emotional and Economic
As one of the most productive cities in the world, the one week terror lockdown has both economic and emotional scars on the proud city.
Latest News
Schauble gives his candid thoughts on investor participation, the Cyprus bailout and the European economy as a whole.
Fitch lowers UK rating to AA+ from AAA, following the S&P ratings change. In an expected announcement, Fitch Ratings has cut Britain's top credit grade ratings.
According to the federal court, the case between AIG and Bank of America should be heard in state court.
Paulson's Advantage Fund has declined gold shareholdings because of the decline in gold trading worldwide.
Because of a claim from a Singaporean creditor, share trading of Surabaya Agung was suspended in the Indonesian bourse.
According to Meriton CEO, there have been offers to purchase part or all of the firm. Meriton Pty, the biggest apartment developer in Australia, has said that Canadian pension funds and investors from both the United Kingdom and China have shown interest in purchasing the company.
Dai Xianglong of the National Social Security Fund recommends state controlled enterprises In a quote of the National Social Security Fund council's party secretary, he is proposing that Chinese state-owned enterprises transfer 30% of their capital gains and ownership shares exceeding 51% to the fund.
ABVCAP is discussing with government regulators on means to expand investment means for venture capital and private equities.
In a surprise move, Dish Network offers US$2.5 billion for a merger with Sprint-Nextel. Dish Network offers US$25. 5 billion to merge with Sprint Nextel.
