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Italy's bank UniCredit is making a rights issue of 7.5 billion euros in Jan 2012, to meet new reserve capital requirements set by regulators in Europe. Existing shareholders have the right to subscribe to the rights issue to new stock at a discount, a way of raising funds used in Europe.
Italy's bank UniCredit is making a rights issue of 7.5 billion euros in Jan 2012, to meet new reserve capital requirements set by regulators in Europe. Existing shareholders have the right to subscribe to the rights issue to new stock at a discount, a way of raising funds used in Europe.
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Comparison of the IPO's of Google and Facebook and the prospects for the two companies.
Comparison of the IPO's of Google and Facebook and the prospects for the two companies.
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Tesco's efforts to revive its business in the UK with increased investment in online retailing.
Tesco's efforts to revive its business in the UK with increased investment in online retailing.
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U.S. electronic retailer Best Buy company founder Richard Schulze, its CEO for 36 years till 2002, and its current chairman, resigned on May 6, 2012. He will look at options for his 20.1% stake in the company. Hatim Tyabji, takes over as chairman, he previously headed the Audit committee, and was a director since 1998. An internal probe recently found that Schulze failed to notify the board about an improper relationship CEO Dunn had with an employee. CEO Dunn resigned earlier.
U.S. electronic retailer Best Buy company founder Richard Schulze, its CEO for 36 years till 2002, and its current chairman, resigned on May 6, 2012. He will look at options for his 20.1% stake in the company. Hatim Tyabji, takes over as chairman, he previously headed the Audit committee, and was a director since 1998. An internal probe recently found that Schulze failed to notify the board about an improper relationship CEO Dunn had with an employee. CEO Dunn resigned earlier.
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BT Group PLC acquired mobile company EE from Deutsche Telekom of Germany and Orange SA of France for 12.5 billion pounds in cash and stock. EE is the UK's largest mobile company and BT Group the largest fixed line telecom company. With this acquisition BT Group can now bundle fixed line, mobile lines, and television services, to increase subscriber revenue. Deutsche Telekom with a 12% stake is now the largest shareholder in BT Group. Orange will have a 4% stake. The acquisition provides BT Group with a faster 4G network and 30 million EE customers, 24.5 million direct mobile and 834,000 broadband.
BT Group PLC acquired mobile company EE from Deutsche Telekom of Germany and Orange SA of France for 12.5 billion pounds in cash and stock. EE is the UK's largest mobile company and BT Group the largest fixed line telecom company. With this acquisition BT Group can now bundle fixed line, mobile lines, and television services, to increase subscriber revenue. Deutsche Telekom with a 12% stake is now the largest shareholder in BT Group. Orange will have a 4% stake. The acquisition provides BT Group with a faster 4G network and 30 million EE customers, 24.5 million direct mobile and 834,000 broadband.
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