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Tyson Foods, Ikea settle US embargo
violation charges
Washington: Tyson Foods and Swedish furniture maker Ikea
International are among
105 entities that have settled charges of violating US trade embargoes
against "rogue"
nations, The Washington Post reported on Wednesday.
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Vivendi
seeks funds to avert crisis
Paris: Media
giant Vivendi Universal scrambled to haul itself out of a financial
crisis on Wednesday after holding late-night talks with banks to
secure fresh funds ahead of a
crucial board meeting.
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Thai
Air to sell stake only to domestic investors
Bangkok: National carrier Thai Airways International said on
Wednesday it had scrapped
plans to sell a 10 per cent stake to strategic foreign partner and
would sell the shares to domestic investors instead.
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Sanofi
eyes on strategic alliance in Japan
Tokyo: Sanofi-Synthelabo said on Wednesday that it hopes to
form a strategic alliance
with a Japanese drugmaker by the end of 2003 in a bid to boost sales
in the Japanese market.
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Xerox
sued over retirement plan
Washington: A lawsuit filed against Xerox alleges that the
company misled employees
about the soundness of its stock, causing them to lose millions of
dollars in their retirement
plans.
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Macromedia-BSA
to jointly fight piracy
New Delhi: Faced with rampant piracy and misuse of license for
Web application software
like Studio MX in India, US-based Macromedia has joined hands
with Business Software Alliance to check unlawful use of its products.
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H-P
to cut 5,900 jobs in Europe
California: The US computer giant Hewlett Packard is to cut
around 5,900 jobs from a
total 46,000 in Europe following the merger with Compaq, the head
of HP Germany, Heribert Schmitz, said on Wednesday.
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Nissan
to boost March subcompact output
Tokyo: Nissan Motor, Japan's third largest carmaker, said on
Wednesday that it would boost production of its strategic March
subcompact car by 20 per cent
beginning in July to meet strong demand.
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BP
sees retail JV with Sinopec in Q4
Beijing: The oil giant BP is expected to set up a retail joint
venture with China's oil
major Sinopec in the fourth quarter of this year, BP vice-president
Gary Dirks said on Wednesday.
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No
change in Taiwan suppliers post merger: H-P
Taipei: Hewlett-Packard said on Wednesday it had no plans
change the number of
Taiwan equipment suppliers after completing the largest merger in tech
industry history with the
acquisition of Compaq Computer.
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WTO
working group meet to discuss crucial investment issues
Geneva: The World Trade Organisation working group on trade and
investment, which is
holding a two-day meet in Geneva on 3-4 July, will discuss the issues
of non-discrimination and development provisions, which are crucial
from Indias point of view.
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