NCC Construction Sweden has bagged a contract from the Swedish Road Administration for the construction of the new Highway 50 between Mjolby and Motala in the county of Ostergotland. The order, valued at about SEK1.3 billion, is for a total package contract, meaning that NCC will also be responsible for operation and maintenance for 20 years.
Visa and DeviceFidelity are planning to market a solution that can enable a mobile phone with a memory card slot to be used as a Visa mobile payment device. The solution combines Visa’s contactless payment technology, Visa payWave, and DeviceFidelity’s In2Pay technology to transform a mobile phone with a microSD memory slot into a mobile contactless payment device.
Euthymics Bioscience has signed a non-binding letter of intent to merge into and acquire DOV Pharmaceutical (DOV) for $2m in cash plus payment of certain of DOV's expenses. If the transaction is consummated, it is anticipated that DOV will be renamed Euthymics Bioscience.
Yamaha Motor Company (YMC) is planning to transfer its all-terrain vehicle (ATV) production currently in Japan to the US. With this transfer, the production capacity of YMC's Japanese subsidiary - Yamaha Motor Powered Products Company (YMPC) - will be integrated into YMC's US subsidiary based in Newnan, Georgia - Yamaha Motor Manufacturing Corporation of America (YMMC).
American Airlines (AA) and Japan Airlines (JAL) have filed an application with the US Department of Transportation (DOT) for antitrust immunity to forge a closer relationship and implement a joint business agreement (JBA) governing the operation of their flights between North America and Asia.
Accenture has acquired RiskControl, a privately held risk consulting company, to complement and expand its risk service offerings in the rapidly growing Brazilian market. RiskControl will be integrated into Accenture’s new risk management service line, and Accenture will continue to deliver services to RiskControl’s clients under the terms of their existing contracts.
Aviva is adding 13 funds from leading asset managers to its Wrap and self-invested personal pension (Sipp). It is also removing initial charges from the Aviva wrap. From February 15, 2010 until the end of 2010, there will be no initial charge on any new contributions invested in any Aviva wrap portfolios.
The US Food and Drug Administration (FDA) has granted approval for Abbott's new tablet formulation antiretroviral medication Norvir (ritonavir). The new Norvir tablets can be stored at room temperature and do not require refrigeration, making it more convenient for patients.
Visa and payments services provider Travelex have launched the first Visa Money Transfer service in Australia. According to the World Bank, cross-border remittances from Australia are estimated at $3 billion annually.
PepsiCo has reported net revenue of $13.3 billion for the fiscal fourth quarter ended December 26, 2009, an increase of 4.5 percent compared to $12.72 billion for the comparable period in 2008.
The circulation of consumer magazines fell by just 1.3 percent in the second half of 2009 compared to the same period in 2008, according to the latest figures released by ABC. The UK economy shrank in all four quarters of the year. In 2008, the UK economy stopped growing and only fell into negative economic growth in the second half of the year.
Advanced Computer Software (ACS) has acquired Redac Holdings, owner of COA Solutions (COA), from Alchemy Partners for a total consideration of £100m. The transaction is financed through ACS's cash resources and new bank debt.
US Airways has launched year-round service from Charlotte, North Carolina to Melbourne, Florida, offering Melbourne customers the ability to connect to more than 125 domestic and international destinations through the airline's hub.
Dell has agreed to acquire Kace, a systems management appliance company, to expand its systems management offerings with solutions that can give the customers simple to use and comprehensive control of their daily operations.
FedEx Trade Networks, a subsidiary of FedEx Corporation, has opened six new freight forwarding offices across its Europe, Middle East and Africa (EMEA) region and its Latin America region as part of a global expansion plan.
Daimler and Russian investment bank Troika Dialog have signed a memorandum of understanding (MoU) regarding the strengthening of Daimler’s role in the Russian truck manufacturer Kamaz, through the acquisition of five percent of the Kamaz shares held by Troika Dialog.
Entertainment content provider Viacom has reported revenues of $4.09 billion for the fourth quarter ended December 31, 2009, a decrease of 3 percent compared to $4.24 billion for the same period in 2008.
Nissan has revealed its all-new small Crossover, Juke for the first time. Juke is a combination of SUV toughness and sporting style. Sales will begin in Japan in the summer, with the European and North American launch beginning in the autumn.
Barclays Bank has agreed to acquire the Italian credit card business of Citibank International Bank. Barclays intends to integrate the business and its employees into its existing Barclays Italy business, which is part of global retail and commercial banking of Western Europe division.
Roxi Petroleum together with its partners Roxi's indirect 59 percent, owned subsidiary Galaz Energy (GEBV), has agreed through back to back agreements to sell a 40 percent interest in the operating company for the NW Konys Field, Galaz and Company to LG International Corporation (LGI) for $15.6m.
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