“Commercial Awareness Is Global.”
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By: Ainsley Brown General Motors (GM) this week in another move in its restructuring plan has taken further steps to divest itself of its European operations. First it was Swedish Saab now it’s the UK’s Vauxhall. According to the report in the Times GM is prepared to sell Vauxhall at a discount price – you could even say at a… Continue reading "GM Continues Its Restructuring Long March With Plans To Sell Vauxhall."
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By: Ainsley Brown In court papers presented to creditors in early April, the Swedish car maker, Saab explained that it has had extensive contacts with about 20 potential buyers. Saab, which is being cut lose by General Motors (GM) as part of its own restructuring efforts, filed for bankruptcy in February. In filing for bankruptcy Saab is hoping to buy… Continue reading "Swedish Carmaker Saab Being Eyed By Several Potential Buyers"
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The Summit of the Americas will begain today. The meeting, being held in Trinidad and Tobago, is being held under the theme of: Securing Our Citizens’ Future by Promoting Human Prosperity. Energy Security and Environmental Sustainability. On a side note: Canadian PM Harper plans to immediately after the summit will be in Jamaica for a 2 day visit from April… Continue reading "Summit Of The Americas Kicks Off Today"
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By: Ainsley Brown Tate & Lyle, the makers of Splenda, lost its appeal last week in the US International Trade Commission (ITC) in its bid to keep out an imported Chinese substitute to Splenda. The company initiated legal action in April of 2007 against a group of Chinese companies and six importers, after non-Splenda sucralose began appearing in the US… Continue reading "Not So Splendid For The Maker Of Splenda: Tate & Lyle Loses Trade Commission Case."
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By: Ainsley Brown The online casino operator famous for its online poker – PartyPoker – ended its protracted battle with US authorities and agreed to pay a $105 million fine. In 2006 US law makers made internet gambling illegal – something about crossing state lines and international boundaries – cutting deep into the earnings of PartyGaming and other online gambling… Continue reading "PartyGaming Betting on a Return To The Lucrative US Market"
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By: Ainsley Brown Happy Easter everyone. Since it’s the Easter season I thought I ought to get into the sprite of things – well the secular aspects to the season anyway – and do an Easter story. So here is a little story about Cadbury, yes Cadbury the chocolate maker. The UK confectionary – the maker of the Creme Egg… Continue reading "Cadbury Mills Over European Expansion"
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By: Ainsley Brown The US securities regulator, the Securities and Exchange Commission (SEC), has extended its long arm yet again. This time it was as a part of an operation to locate and then freeze the personal and company assets of Sir Allen Stanford and his Stanford International Bank (SIB). Mr. Stanford – oh sorry I should say Sir Allen… Continue reading "Long Arm Of US Law Reaches Across The Pond To Freeze Stanford Assets"
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By: Ainsley Brown In what would be the largest acquisition in IBM’s history, talks to take over its rival Sun Microsystems have collapsed. The deal worth an estimated $7 billion broke off after Sun Microsystems’ dissatisfaction with the share price IMB was offering consequently it terminated IBM’s exclusive negotiating status. In response IBM withdrew its offer. All of this could… Continue reading "Take Over Talks Between IBM And Sun Microsystems Collapse"
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By: Ainsley Brown It is situations like these that simply go to fuel the general public distain for multinational. I guess the one positive thing that comes out of this and other similar situations is that it provides ample material for Michael Moore– esque films – just great entertainment. Despite the entertainment value of such films they often depict the… Continue reading "UK Oil Company Accused Of Trying To Buy Witnesses"
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By: Ainsley Brown It is an understatement to say that the English take their tea very seriously. And it is little wonder why a small teashop in Surrey, England, even when faced with potential financial ruin, would not back down from a much larger German multinational. This is a tale about tea better yet teapots; a David and a Goliath;… Continue reading "German Multinational Loses Teapot Battle"