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Business - Economy

Stella Artois Firm Acquires Budweiser Producer

budweiserTwo brewer companies, Anheuser-Busch, based in United States, and InBev, a Belgium firm, reached an agreement that would set up a new beer maker, which is believed to be the largest in the world.

InBev's takeover bid totals $52 billion. Anheuser accepted the offer of the Stella Artois beer maker. The newly established company is going to be called Anheuser-Busch InBev. It is worth mentioning that the U.S.-based Anheuser-Busch is the producer of America's most popular Budweiser. The takeover has faced criticism from some of the U.S. politicians, due to the fact that the company is going to be taken over by a foreigner.

 

Canon to Erect a New Factory for Digital Cameras

CanonOn Monday, July 7, 2008, the Japanese electronics corporation, Canon, stated that it looks forward to build a new plant for producing digital cameras as the competition between domestic and foreign companies intensifies.

In a statement the company mentioned that it would invest 17.4 billion yen, which is about 163 million dollars in the factory. It is worth mentioning that the factory will be built in Nagasaki, in western Japan and it ill be used for making compact and single-lens reflex digital cameras.

Japan's Largest Domestic Airline to Purchase Superjumbo Planes

all nippon airways

Officials from All Nippon Airways Co, mentioned that the company looks forward to acquire whether five Airbus A380s or other aircrafts meant for long-term routes. The company's spokeswoman, Nana Kon, stated that Japan's second-largest international airline and the country's number one domestic airline set up a team which is going to decide on the aircraft that ANA will buy.

"We have several options including the A380, from which we plan to choose the optimal equipment," Kon said. Besides, ANA also considers the acquirement of such jets as Boeing 787 and 747.

 

Chrysler to Expand on Chinese Market as Sales Slump

cryslerThe American automobile manufacturer, Chrysler LLC, announced that it was able to achieve an agreement with a Chinese manufacturer, Great Wall Motor Co, to work on sharing technology, component parts, as well as distribution. The agreement comes after the company was in search for foreign partners, which would help Chrysler LLC drive its business, after sales in the United States registered a significant decrease.
Today Chrysler is the smallest giant from the trio of major car makers in the United States. It is worth mentioning that currently the company aims towards expansion on the Chinese market and it already managed to make a deal with China's Chery Automobile Co. to manufacture low-cost cars for sale under Chrysler's Dodge brand.

General Motors May Face Bankruptcy

General Motors

The shares of General Motors registered a downfall to their lowest mark in over 53 years, raising concerns regarding the future of the car maker. A warning for General Motors came from the investment bank Merrill Lynch, which said that the company might become bankrupt and that it needs to raise funds.

 
The company's sales fell down critically due the fact that consumers from the United States decided to save on spending and high cost for the fuel, switching to cars that are smaller and more cost-effective. The company's shares hit $9.96, before they closed down 15 percent at $9.98 on Wednesday, July 2. Such share price is the lowest since September 1954, the period when the GM stock fell down to $9.92.

Until now the prices of the company's shares registered a 60 percent downfall and according to the predictions of Merrill Lynch, the prices for the company's shares may fall even further.

Firefox 3.0: Over 8 Million Downloads in 24 Hours

firefox 30Mozilla Firefox was officially registered in the Guinness book of records as the most often downloaded software in a 24-hour period. The final result was 8,002,530 downloads of the Firefox 3.0 Internet browser. The results were registered in June.

"The enthusiasm and creativity of Firefox fans was key to making this happen," outlined the marketing director Paul Kim. The representative of Guinness World Records, Gareth Deaves, commented on the achievement of Firefox, calling it "an extremely impressive accomplishment." The official number was announced after the inspection of the logs from download servers, which ensured that duplicated and canceled downloads are not calculated.

 

500,000 Square Miles of Rocky Mountains to be Acquired for $500M

rocky mountains
A company with headquarters in Seattle agreed to sell 300,000 acres from the Rocky Mountains for conservation. It is worth mentioning that in such a way the company looks forward to protect some of the most prized territories in the region from development. The current land deal is considered to be the largest of its kind in the history of the United States.
 
Over 300,000 acres of land featuring threatened and endangered animals such as grizzly bears and lynx will be transferred to public ownership after the government made a deal with the Seattle-based company, Plum Creek Timber. The deal is valued at $500,000 and for signing the agreement a ceremony took place in Montana on June 30.

EBay Ordered to Pay 40M Euros for Selling Fake Louis Vuitton Goods

ebayOn June 30, a Paris court ordered one of the biggest Internet auctioneers, eBay, to pay 40 million euros (which is about 63 million USD) in damages to the French-based luxury fashion and leather goods brand and company, Louis Vuitton, due to the fact that the auctioneer was selling counterfeit luxury goods of the brand online. In addition the commercial court banned the Internet auctioneer from selling such perfume brands as: Christian Dior, Kenzo, Givenchy and Guerlain, having the goal of providing a message about copyright protection.

Oil Prices Reach $132 on Dollar Weakness

oil-pricesToday, June 11, 2008, the prices for oil in Asian countries have registered a record-high mark. It is the time when the American currency registers a little weakening against the European Euro. Despite this fact traders consider that the oil market will show some instability, being guided by supply concerns as well as the movement of currency.

The electronic trading at the New York Mercantile Exchange in Singapore showed a 57 cents increase of crude oil price, reaching a mark of $132 a barrel. The results arrived Tuesday, June 10, after the contract sank $3.04 to reach a level of $131.31 a barrel on dollar's improvement and viewpoints regarding slower demand after the government of the United States cut its oil consumption plans.

US petrol market under investigation

US petrol market under investigationFederal regulators are six months into a wide-ranging investigation of U.S. oil markets, with a focus on possible price manipulation.

The Commodity Futures Trading Commission on Thursday said it started the probe in December and took the unusual step of publicizing it "because of today's unprecedented market conditions."

Crude prices, which on Thursday hovered around $127 a barrel, have risen more than 42% since early December. Gasoline prices are nearing a national average of $4 a gallon, up from about $3.20 a year ago.
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