» Sun Capital Partners' unit acquires Friendly Ice Cream
Written
by :
Paul Robinson | Published on :
04:57:00EST
Mon, 18 Jun 2007
Friendly Ice Cream Corp., which operates restaurants and franchise units in the Northeast offering signature sandwiches, entrees and ice cream desserts, said Sunday it has agreed to be acquired by Sun Capital Partners Inc. for $337.2 million in cash.
|
» Two more power companies in U.K. cut rates
Written
by :
Caron Armande | Published on :
05:21:00EST
Sat, 16 Jun 2007
Two power companies in the U.K., EDF Energy and Scottish Power, have cut down their rates, while another, British Gas, said it will reduce its tariff in certain areas of the country.
|
» Lloyds TSB to auction Abbey Life insurance unit
Written
by :
Archibald Freeman | Published on :
11:33:00EST
Fri, 15 Jun 2007
British bank Lloyds TSB Group Plc is auctioning its Abbey Life insurance unit and the initiative is expected to fetch nearly 1 billion pounds.
|
» Amazon losing $600 million annually on postage rebate
Written
by :
Paco Tyee | Published on :
11:21:00EST
Fri, 15 Jun 2007
Amazon.com Inc has said the postage rebate scheme it is offering to its U.S.-based customers is costing the company around $600 million a year.
|
» Yahoo directors weather stormy shareholders meeting
Written
by :
Paco Tyee | Published on :
10:51:00EST
Wed, 13 Jun 2007
NEW YORK - Yahoo directors were forced to defend company strategy at the annual shareholders meeting. However the shareholders had their say voting against the board nominated directors in an unprecedented show of rebellion.
|
» Toshiba lowers HD DVD sales target for North America
Written
by :
Tabitha Ratliff | Published on :
10:03:03EST
Tue, 12 Jun 2007
Japan's Toshiba Corp has said sales of its high definition DVD players in North America during the calendar year 2007 would be around 1 million units against the earlier prediction of 1.8 million units.
|
» Google scales down data retention period to 18 months
Written
by :
Archibald Freeman | Published on :
08:27:00EST
Tue, 12 Jun 2007
Google Inc. will cut down the time it will store user data on its systems to 18 months from the existing 18 to 24 months in deference to proposals made by a European Union regulator.
|
» Halifax survey shows U.K. housing price growth cools off
Written
by :
Archibald Freeman | Published on :
10:51:00EST
Thu, 07 Jun 2007
Housing market in the U.K. has started showing signs of a cooling down as prices rose at the weakest monthly pace this year in May, according to a survey Thursday.
|
» BAE Systems paid £1 billion to Saudi prince in arms deal
Written
by :
Paco Tyee | Published on :
10:48:00EST
Thu, 07 Jun 2007
British arms company BAE Systems is alleged to have paid 1 billion pounds to a Saudi prince in order to secure the 43-billion-pound arms export contract, according to revelations made by the Guardian newspaper and the BBC.
|
|
|
