Week in Review, August 17
AOL’s Tim Armstrong lets his suave persona slip, while former JPMorgan Chase employees face charges over losses from the ‘London Whale’ trades European Companies News…
Russia sells controversial EADS stake
Russian state-controlled bank disposes of part of its stake in the European aerospace group to fund a highly costly foray into civilian aircraft European Companies News…
Danone bows low to succeed in China
Undisguised pressure from Beijing on foreign and domestic companies seems to be part of a broader campaign to cut prices for domestic consumers European Companies News…
Africa: Mugabe undaunted
Despite Zimbabwe’s economic fragility, the Zanu-PF party is vowing to press ahead with its more radical electoral pledges, particularly ‘indigenising’ foreign businesses European Companies News…
L’Oréal pursues China face mask company
French cosmetics company is betting firmly on Chinese growth even as concerns mount that the world’s second-largest economy is slowing European Companies News…
Dutch gloom as housing bubble deflates
With consumer confidence falling and the economy shrinking for a fourth consecutive quarter, the heart of the Netherlands’ persistent case of the blues, economists agree, is a slowly deflating housing…
Slim’s bid for KPN hit by Dutch stance
Independent foundation of 160-year-old Dutch telecoms company expresses concern about lack of clarity in €7.2bn offer from Mexican billionaire European Companies News…
Drax begins £700m conversion to wood pellets
The biomass industry may be on the ropes but some big projects are moving ahead European Companies News…
Balfour Beatty needs a stronger narrative
Margins suffered across professional services and UK construction arms – to the extent in construction that it cost the group money to do business European Companies News…
América Móvil / KPN: restless locals
Carlos Slim has got the Dutch worried with his intended bid for telecoms operator KPN. But shareholders in his own América Móvil should also be asking questions European Companies News…
