Google Calls For Web Privacy Shake-up Google calls on businesses and regulators worldwide to adopt international standards for protecting consumer privacy.... Read Full Article E-Commerce Report: A D.I.Y. Approach To Making A Web Commercial Online start-ups are percolating new methods to help companies create passable videos and commercials on the cheap, and distribute them across the Internet.... Read Full Article Michigan: Health Care Fraud Accusations A woman who was fired from a job working for Macomb County after less than 10 days was kept on the government-paid health insurance plan for eight years, billing $230,000 for treatment of cancer and o... Read Full Article Costco 1st-Quarter Profit Is Up, But Shares Fall The results were in line with Wall Street expectations, but its shares slid almost 5 percent in morning trading on disappointment at Costco’s operating margins.... Read Full Article Hydrogen’s Second Coming: On The Road, Hope For A Zero-Pollution Car Scientists and engineers are searching for ways to reduce the cost and improve the practicality of hydrogen-powered vehicles.... Read Full Article |
Kiwi Grabs Alcoa Packaging ArmTHE shake-up of the world’s mining industry continued this weekend when Alcoa, the aluminium group, agreed to sell its packaging business to a privately-held New Zealand company. Rank Group, owned by Kiwi entrepreneur Graeme Hart, will pay $2.7 billion (£1.4 billion) for the Alcoa division. Hart, who started his working life with jobs as a tow-truck driver and panel beater, has assembled an international group of packaging, paper and food businesses through a string of rapid acquisitions. For Alcoa, the deal is the sequel to its failure to secure a larger transaction earlier in the year. Chief executive Alain Belda tried to engineer a merger with rival Alcan, a deal that would have created a dominant player in world aluminium. But he was outbid by Rio Tinto. The diversified mining giant — itself now the target of a bid by BHP Billiton — paid $38 billion for Alcan, 40% more than Alcoa was offering. Meanwhile, Marius Kloppers, chief executive of BHP, is mulling his next move after the Takeover Panel issued a deadline of February 6 to make a formal offer for Rio. City sources said one option being seriously considered was for BHP to make a hostile bid — but without increasing its price. It has already offered three BHP shares for each Rio share, valuing Rio at $130 billion. Tag CloudExternal InformationAdditional InformationCablevision buys Newsday for $650m$...Betting Against the Dollar? This Time, Asia May Deserve a Look... Bishop not man of the cloth but a believer in self-sustaining charity... Failed Hedge Fund in S.E.C. Settlement... Where Am I?News Main Page - Business - Kiwi Grabs Alcoa Packaging Arm |
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