Sri Lanka fixed access telco on sale

The telco was offered for sale by public advertisement through KPMG financial advisory, which said 99.99 percent of the stock was on the block. The advertisement said Lanka Bell used CDMA 2000 technology also had WiMax date services. It had 509 base station and 65 offices around the country. Lanka Bell was also connected the FLAG global undersea cable. The latest results of Distilleries showed that telecom revenues had fallen to 2.43 billion rupees in the 6-months to September 2010, Read more [...]

Vacansoleil-DCM list Mosquera in 2011 squad despite doping cloud

The Vacansoleil team on stage for pre-race introduction.view thumbnail galleryDutch ProTeam squad stronger than ever after nine new signingsEzequiel Mosquera has been officially listed by Vacansoleil-DCM Pro Cycling Team as part of its 25-rider squad for 2011 despite the doping case looming over the Spanish rider. Mosquera signed with the new ProTeam Dutch squad in September but it was subsequently announced that he had tested positive for masking agent hydroxyethyl starch (HES) during this year's Read more [...]

DOF to enforce public float threshold on listed firms

Monday, 29 November 2010 00:00 BY KATRINA MENNEN A. VALDEZ REPORTERLISTED companies will be barred from enjoying tax incentives and other perks if they fail to float at least a fifth of their outstanding shares to the public, the Department of Finance (DOF) said. In a dinner briefing over the weekend, Finance Secretary Cesar Purisima told reporters that the government would now Read more [...]

Squinkies tops on this year’s wish list

Midway through last year, as analysts tried to predict where the economy was going, toy maker Bill Nichols decided he had the answer. He bet that the economy would still be so shaky this holiday season that a bargain-priced plastic toy would take off. With the help of “mommy bloggers” and a tepid economy, Nichols turned the squishy toys, named Squinkies, into a fad. Walmart.com has been sold Read more [...]

FA Cup Third-Round Draw List

LONDON--Sunday's draw for the third round of England's FA Cup to be played Jan. 8-9 (home teams listed first): Burnley vs. Port Vale Coventry vs. Crystal Palace Bristol City vs. Sheffield Wednesday Fulham vs. Peterborough Doncaster vs. Wolverhampton Wanderers Brighton or FC United of Manchester vs. Portsmouth Huddersfield vs. Dover Athletic Crawley Town or Swindon vs. Derby West Ham vs. Barnsley Reading vs. West Bromwich Albion Arsenal vs. Leeds Sheffield United vs. Aston Villa Read more [...]

Handbags at dawn as France’s most famous fashion houses wage war

Jean-Paul Gaultier and models showcase the Hermès S/S 11 show during Paris Fashion Week, before the label's battle with rivals LVMH began. Photograph: Pascal Le Segretain/Getty ImagesThe elitist world of Paris high luxury, where a customised handbag can cost more than a car, seems to be immune to the financial crisis. The French label Hermès made so much money this year that it is likely to post the best results of its 173-year history and has just opened a lavish new store in the old Read more [...]

Art World Gets Title Insurance, Are Domain Names Next?

You can insure the title of art, but domain names lag behind. I’ve written numerous times about the potential of domain name title insurance. I’ve argued it’s not a profitable product to offer. Although I still feel that way, I was surprised to see an article in the latest Economist about title insurance for art. The article discusses Blanchisseuses souffrant des dents by Edgar Degas, which Sotheby’s listed for sale in an auction. Someone viewing the auction catalog was surprised Read more [...]

BBC firms up Television Centre sale

In the summer the BBC unveiled plans to redevelop the Television Centre site into a 'creative quarter'. Photograph: the GuardianThe BBC has taken the first step towards selling its London home, Television Centre.In the summer the corporation unveiled proposals for a multimillion pound redevelopment of the site as a 9-hectare (23-acre) "creative quarter" for independent TV production firms, performing groups, and media companies such as YouTube.The Guardian has learned that plans about Read more [...]

Listed hotel, leisure firms post better earnings

Story tools Send story Print story Corporate NewsPosted on 09:10 PM, November 28, 2010 LISTED HOTEL and leisure companies posted higher earnings in the nine months that ended in September. THE OWNER and operator of The Heritage Hotel Manila, Grand Plaza Hotel Corp., said its nine-month net income grew by almost a third to P135.1 million this year. Higher revenues drove Read more [...]

Finance dep’t wants higher public float for listed firms

Story tools Send story Print story Corporate NewsPosted on 09:11 PM, November 28, 2010 THE FINANCE department is again at loggerheads with private corporations, this time, on the required public float for listed firms on the Philippine Stock Exchange (PSE). The department wants the enforcement of a law that orders at least a 20% public ownership for bourse traders, Read more [...]