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Vivendi
in tussle for pvt equity unit
Paris: Debt-laden media giant Vivendi Universal is
caught up in a tussle with key investors in Viventures
II for control of the private equity business, financial
daily Les Echos reported on Monday.
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Moneo:
getting cash smart the French way
Paris: France is leaping toward a cashless future
with a nationwide launch this year of computerised “smart
cards”, a concept that has so far failed to entice
many American, British and German consumers.
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Cost
cuts put Mitsubishi Elec back in black
Tokyo: Chip and industrial electronics maker Mitsubishi
Electric said on Monday it moved into black in the latest
quarter, reaping rewards from cost-cuts, but warned of
uncertainty ahead even as it kept its full-year targets
intact.
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Incentives
drive up Ford Motor sales in January
San Francisco: Ford Motor executives said January
sales were up slightly over totals from the same month
a year ago, as incentives countered the effects of weaker
economic fundamentals.
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Nestle
may cut US ice cream exposure
New York: Nestle is seen willing to give up parts
of its new US ice cream empire to win regulatory approval
for its purchase of Dreyer's Grand Ice Cream, but disposals,
if any, would be limited.
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Bush
sends $2.23-trillion budget plan to Congress
Washington: US President George W Bush sent Congress
a $2.23-trillion spending plan on Monday that would accelerate
tax cuts to bolster the weak economy, overhaul some of
the government's biggest social programmes and shower
billions of additional dollars on defense and homeland
security.
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