The Commission for the Protection of Competition (CPC) at its meeting held on 4 September 2008 that after fully re-examining the concentration of operations of Cyprus Cement Public Co Ltd (CCC.CY) and Vassiliko Cement Public Co Ltd (VCW.CY), it declared the approval of the aforementioned acquisition subject to certain terms and commitments undertaken by both
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CNBC has entered into an alliance with LinkedIn under which the financial news channel will air content generated by the professional networking site's 27 million members. CNBC, which is part of General Electric Co, will integrate LinkedIn's networking functionality into its website CNBC.com, enabling users to share and discuss news with their professional contacts. Community-generated
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The Association of National Advertisers sent a letter objecting to the proposed Internet search advertising partnership between Yahoo Inc and Google Inc to government regulators reviewing the deal, the group said on Sunday. The letter to Assistant Attorney General Thomas Barnett, noted that "a Google-Yahoo partnership will control 90 percent of search advertising inventory," the
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President of the House Foreign Affairs Committee Averof Neophytou will pay a working visit to Hong Kong at the invitation of the Special Representative of Hong Kong for Financial and Commercial Affairs at the EU. During his visit, Neophytou will have meetings with local officials, who will brief him on administrative, commercial and cultural issues
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AT&T Inc is set to begin featuring Yahoo Inc search services on the Internet menu of mobile handsets used by its base of up to 70 mln U.S. customers, the companies said on Monday. AT&T plans to offer, through its mobile Internet portal, a collection of Yahoo's oneSearch mobile Web services including links to news,
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IBM is making a major push on Monday to upgrade computer storage products and services it offers customers struggling to manage mountainous piles of data being created inside their organizations. The company is announcing more then 30 new or upgraded products or services that are the result of a $2 bln investment over the last
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Universal Pictures has agreed to back rollout of digital cinema equipment in U.S. theaters, people familiar with the matter told the Wall Street Journal. General Electric Co's Universal Pictures' is the third of six studios engaged in year-long talks with the Digital Cinema Implementation Partners — formed by Regal Entertainment Group, Cinemark Holdings Inc and
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The U.S. Treasury's takeover of Fannie Mae and Freddie Mac is good news in the short term for China, the biggest holder of the giant mortgage lenders' debt, but Beijing's huge U.S. exposure still poses a serious risk, a prominent government researcher said on Monday. China owned $376 bln of debt issued by U.S. government
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Cigarette maker Altria Group Inc has agreed to buy Skoal and Copenhagen smokeless tobacco maker UST Inc for about $10.3 bln in cash, the Wall Street Journal said, citing people familiar with the matter. Altria will pay $70 per share, the Journal said. The proposal offers a 4% premium over UST's closing price of $67.55
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Asian stocks surged 4% on Monday after Washington took over Fannie Mae and Freddie Mac to salvage the U.S. housing market, spurring investors to buy back risky assets and sell safe havens such as government bonds. European stock markets were expected to open sharply higher, with financial bookmakers expecting Britain's FTSE 100 up 3.4%, Germany's
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