UK Court Rules Pringles are Potato-light
July 5, 2008
A British High Court judge has ruled that Pringles are not a potato snack and therefore not subject to 17.5% VAT. Read more
Vodafone Seals US$900 Million Deal with Ghana
July 4, 2008
Vodafone has secured a 70% stake in Ghana Telecom for US$900 million (£454 m) in the latest sign of the UK mobile operator’s appetite for Africa’s fast-growing telecoms markets, officials announced in London. Read more
Sulpicio Lines Pay PHP6.2 Million for Death of Man in 1998 Ferry Disaster
July 3, 2008
Sulpicio Lines, a ferry company in the Philippines, have been ordered to pay PH₱6.24 million over the death of a man on board MV Princess of the Orient, which sank in stormy weather off Batangas in 1998. Ernesto Unabia was one of seventy confirmed fatalities in the disaster, which left eighty more missing. Read more
Blockbuster Withdraws Proposal to Acquire Circuit City
July 1, 2008
Blockbuster Inc. announced today that it has decided to withdraw its proposal to acquire Circuit City. Read more
Bank of America Completes Countrywide Purchase
July 1, 2008
The most-discussed mortgage transaction in industry history is complete, with Bank of America Corp. saying Tuesday morning that it had completed its purchase of mortgage industry giant Countrywide Financial Corp. Read more
Volkswagen Hits New Delivery Record for January to May 2008; 2.7 Million Vehicles Delivered Worldwide
July 1, 2008
The Volkswagen Group sold 2.69 million vehicles worldwide from January to May 2008. This represents an increase of 6.6 percent compared with the same period last year and is yet another new delivery record. Read more
