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...market competitive? "There will be a small number of energy companies that play a Europe-wide role," suggested E.ON chief executive Wulf Bernotat - a view echoed by some independent experts. Graham Weale, in a white paper published last month by consultants Global Insight, argues that from three to seven firms could help lift the bloc's competitiveness, "provided that [the energy companies] are clearly seen to compete and do not lapse into a cozy oligopoly." Because Brussels lacks the power to veto every merger outright, Weale recommends capping large firms' share of domestic or regional markets, encouraging them to recover...
...pioneered "mobisodes," customized cell-phone mini-programs meant to promote existing TV series and provide new income streams. This year cell-phone entertainment and information revenue is expected to top $34.6 billion worldwide, up from 2005's $27 billion, according to the Yankee Group research firm. CBS and Fox are marketing mobile-phone content directly to consumers, bypassing tie-ins with wireless-phone companies. CBS is selling news and Entertainment Tonight video "alerts" for mobile phones, while Fox Corp. has opened a new "mobile storefront" called Mobizzo to sell clips...
...sports world by paying $612 million?11 times the previous price and the biggest deal in cricket history?for the TV rights to Indian cricket for four years. "India is the new cricket superpower," says Thawani in the Bombay office of Nimbus Communications, a Singapore-based sports-production firm of which he is chairman. "India now provides between 60% and 80% of world cricket revenues. The old powers like England or Australia don't like it, and maybe that's natural, but that doesn't change what's happening. This is our game...
...controversial seaport deal at an Institute of Politics forum. Zoellick’s remarks came amid a nationwide uproar over a transaction that would leave several key U.S. port terminals—including New Orleans and Newark, N.J.—in the hands of a Dubai state-owned firm. The Dubai firm, DP World, bid $6.8 billion to buy the British company that currently operates the ports. The Bush administration approved the deal, but some congressmen have objected to the acquisition on national security grounds. Dubai is one of the seven sheikdoms that make up the United Arab Emirates...
...student petition calling for divestment from firms operating in Sudan has re-emerged with a new focus on the Beijing-based oil company Sinopec and has garnered roughly 200 signatures over the past week, according to organizers. The original petition last year urged Harvard to sell its stake in PetroChina, another oil company linked to Sudan. Harvard ultimately divested from that firm last spring.And in a Mass Hall interview yesterday, University President Lawrence H. Summers expressed his hope that Harvard will quickly move to examine the issue of divestment from Sudan-linked companies that remain in its portfolio...