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...INDICATORS Stellar Deal Belgian brewers Interbrew - makers of Stella Artois and Beck's - announced a $11.4 billion linkup with Brazil 's AmBev. The deal creates the world's largest brewer by volume, with a global market share of around...
EUROBLUES So Sue Me The courts have not been kind to Mario Monti and the European Commission, overturning three of his merger-busting decisions last year, including a union of packagers Tetra Laval and Sidel, and a linkup between travel firms Airtours and First Choice. So the gloom in Brussels must have been thick as a lawyer's wallet when it emerged that another thwarted suitor, France's Schneider Electric, is suing the Commission for more than €1 billion over its blocked bid for rival Legrand. Schneider had completed the €5.4 billion deal for Legrand when the Commission...
Modalen isn't the easiest place to wire. Nera has supplied each house with plate-sized antennas allowing families to link to the Net by a radio linkup. (As the town's few residents are scattered over 385 sq km, using copper or fiber-optic cable would be too pricey.) The Internet is connected to a set-top box on a TV, controlled by a wireless keyboard. Modalen's 2 megabits per second is roughly 35 times as fast as conventional modems. Each customer pays $18 a month for the service; the municipality covered the installation costs of nearly...
...Another possibility might be that Allianz would now extend a hand to Commerzbank. Unlike Allianz's takeover of Dresdner, where there is little overlap, merging two big banks has the attraction of instant cost savings as the two close down duplicate branches. More importantly, with Allianz's linkup with Dresdner, the German financial scene seems more and more like a three-legged stool: Allianz and Dresdner, Munich Re and HypoVereinsbank, and Deutsche Bank. With traditional banking taking a backseat to the more profitable business of asset management, Commerzbank seems isolated and may now be amenable to a deal. One thing...
That won't be easy. Even as they approached Mir, the automatic docking system failed, forcing the cosmonauts to complete the linkup manually. Worse, the Russian Space Agency concluded that it won't be possible to fix Mir's broken oxygen generator until a key replacement part is brought up by the U.S. space shuttle next month, forcing the crew--temporarily up to five men last week--to continue burning oxygen-generating chemical "candles...