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...story skyscraper in midtown Manhattan, registered as the 650 Fifth Avenue Company, was owned by Assa Corporation, a New York shell company, which listed its owner as Assa Company Ltd., a Jersey, Channel Islands entity. In most cases that's as far as investigators get - but here authorities were eventually able to determine that Assa was in fact entirely owned by the state-owned Bank Melli, which is banned in the U.S. for supporting Tehran's nuclear program. (See the best business deals...
...matter of Chinachem Charitable Foundation Ltd v. Chan Chun-chuen was heard at Hong Kong's Court of First Instance during the summer, and judgment is expected by year's end. The synopsis is this: upon the death, at 69, of billionairess Nina Wang Kung Yu-sum (a woman who wore her hair in pigtails, dressed like Lolita and answered to the nickname Little Sweetie), two conflicting wills were produced. One bequeathed her $4.2 billion estate to the Chinachem Charitable Foundation, run by her siblings. The other was flaunted by feng shui "master" Tony Chan Chun-chuen - who also claimed...
...Other names being mentioned as possible takeover candidates in the tech services sector include Computer Sciences Corp., Informatica Corp., Cognizant Technology Solutions Corp., Concur Technologies Inc., Teradata Corp., CGI Group Inc. in Montreal, Unisys Corp. and a few firms in Mumbai such as WNS Holdings Ltd. and Patni Computer Systems Ltd. Many of the firms have seen their stocks hit 52-week highs in the past month on takeover speculation...
...Singh increased prices 40% to 60% and later introduced new packaging, like 1.25-liter bottles, which boosted in-home consumption. After a drop in sales in 2006, the Indian market began to grow again in 2007. "I can't complain," says S.B.P. Rammohan, owner of Sri Sarvaraya Sugars Ltd., a southern-India Coke bottler. "It's no longer volume at all costs...
Canadian Prime Minister Stephen Harper said on Monday that his government will invest $9 billion in General Motors of Canada Ltd. to keep it alive amid harsh criticism that the unpopular bailout will end up costing Canadian taxpayers millions of dollars for each assembly-line job saved...