The sinister icy black hand of dead club… You know nation…, - what is my idea of an ideal relationship? Is when I involve the combining my interests (financial or otherwise), with, to later on assemble them to come up with one solid, grounded asset that I and my “colleagues”, “co-workers” (i.e. ‘no-one-interview-in-the-six-months’), can share. Even, when my “acquaintances” know more about “these” matters than I.
METADE DE NOSSO CAMELO OU GOLP DE MISRECORDIA: TELEFONICA INCREASES OFFER FOR 7.15 BILLION. 29/06/10 23:30. It's the ultimate ploy to gain control in Brazil. On the eve of decisive AG, Telefonica rose once again, the offer, this time to 7150 million. Spain's Telefonica, on the eve of the general assembly of Portugal Telecom, has decided to revise upwards the price of the offering to buy the 50% that the Portuguese company owns Brasilcel, the 'holding company that controls 60% stake in Vivo. In a statement sent to the CMVM by the end of the day, Telefónica announced a 10% increase in the offer price to buy Vivo. The Spaniards are now willing to pay 7150 million, in a last attempt to convince PT shareholders to accept its takeover offer on the Brazilian operator. A new proposal for another 650 million euros, is valid until July 2 and Telefónica retains all other stipulations and conditions contained in the latest offer, including the possible purchase of PT, or appoint someone to acquire a position of about 10% in the capital of Portuguese operator. This is the second time that the Spanish company revises upwards the amount payable to shareholders of PT. The initial proposal was 5.7 billion euros and was subsequently improved to 6.5 billion. The board of directors of PT had already said that the 6.5 billion does not reflect the value that may live for Telefonica in the long term. This latter figure may weigh in the decision of the shareholders who will be meeting tomorrow in an extraordinary general meeting, from 10 hours, at the Congress Centre of Lisbon. Follow the AG's PT, live, from 10:00 in Etv and www.economico.pt. Government assesses use of 'golden share' to catch Telefónica Climb the last hour of purchase price eases Vivo
European Economics Preview: German Unemployment Data Due. Wednesday June 30, 2010 01:40:00 EDT. (RTTNews) - Unemployment data from Germany along with inflation data from the eurozone and business investment data from the U.K. are due on Wednesday, headlining a busy day for European economic news. All times in ET. Major economic news released on Tuesday were mixed, with eurozone economic sentiment rising unexpectedly while U.K. mortgage approvals fell slightly. French consumer sentiment continued to fall in June.
Merkel Faces Test of Leadership in Secret Ballot on Presidency. Jun 30 2010. Chancellor Angela Merkel faces the biggest test of her second term today in a secret ballot to elect Germany’s largely ceremonial president, a vote that threatens to rattle her coalition.
Oil Worker Killed In Lindsey Refinery Blast. Wednesday, June 30 03:18 am. An oil worker has been found dead following an explosion at a refinery in North Lincolnshire. The man, who has not been named, had been working close to a crude oil distillation unit which caught alight then exploded at the Lindsey Oil Refinery, at about noon yesterday. More than 50 firefighters from Humberside Fire and Rescue Service were called to the plant where black smoke was seen billowing from burning crude oil. Some 10 appliances were brought in to tackle the blaze. People living in the area surrounding the plant in North Killingholme reported hearing the explosion. Employees said the fire started in a superheated industrial heater close to where they walked to work. In a statement oil company Total, which runs the refinery, said: "It is with deep regret that Total Lindsey Oil Refinery can confirm that there has been a fatality following the fire and explosion at 11.57. "The deceased has yet to be formally identified. "Formal investigations have been launched by the Police and the Health and Safety Executive. "We are fully co-operating with these inquiries in order to understand exactly why this tragic incident occurred." Two people were treated for minor injuries following the blast. One was taken to the Diana Princess of Wales Hospital in Grimsby. Humberside Police initially warned residents to stay indoors and keep their windows closed but people have since been told they can safely leave their homes. Police are now working with the fire service to determine the cause of the fire which has been extinguished.
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