| Business |
| Business related information |
| Edeka and Tengelmann Plan to Create Supermarket Giant |
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Germany\'s largest food retailer, Edeka, has struck a deal with its competitor Tengelmann that would create a retail giant with an annual turnover worth 11 billion euros ($16 billion).
The Tengelmann Group has agreed to sell a 70-percent stake in its Plus discount grocery unit to Edeka, retaini... |
| Wincor Nixdorf again generates significant growth in net sales and EBITA – Forecasts slightly exceeded |
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Wincor Nixdorf AG has ended fiscal 2006/2007 with a significant increase in EBITA, which grew by 16%, and a year-on-year gain of 10% in net sales. As one of the world\'s leading suppliers of IT solutions for retail banks and the retailing sector, the company extended EBITA to EUR 186 million (prev... |
| Wincor Nixdorf expands to Russia |
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PADERBORN, Germany — Wincor Nixdorf has established its own subsidiary in the Russian market, the company announced this week.
“We want to strengthen our already well-established position in the promising Russian market,” said Eckard Heidloff, president and chief executive of Wincor Nixdo... |
| NCR Profit Falls 15% on Spinoff; 2007 Forecast Raised |
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Oct. 31 (Bloomberg) -- NCR Corp., the world\'s largest automated teller machine maker, said third-quarter profit fell 15 percent on costs related to the spinoff of its Teradata unit. The company raised its full-year earnings forecast. NCR shares climbed the most in more than three years. Profi... |
| IT dispute settled at SEARS |
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Computer Sciences Corporation (CSC) and Sears Holdings have stated that, as previously disclosed by both companies, they have been engaged in a contract dispute arising out of a 10-year information technology outsourcing agreement that they entered into in May 2004. Sears and CSC have amicably settl... |
| Big W makeover |
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Woolworths is planning to give its Big W discount department store chain a major overhaul after missing out on the chance to snap up the Coles Group\'s Kmart business.
The makeover, which is part of a $1 billion investment in stores and pricing, will see the chain get a new slogan and logo.
... |
| French retailer Casino to sell property assets |
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French retailer Casino (CASP.PA: Quote, Profile, Research) said on Friday it planned to sell property assets in a deal that would generate 650 million euros ($926.7 million) in 2007, before taxes on capital gains.
The group also said its property unit Mercialys (MERY.PA: Quote, Profile, Research... |
| It’s a good fit for H & M as sales soar again |
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Clothes retailer Hennes & Mauritz (H&M,) already one of the world’s most successful clothing businesses, said on October 15 that its September sales were up 25 percent year-on- year, the company reported in a statement.
The company said that it operated 1,452 stores in 28 countries at the end of... |
| FOCUS French retailers pin hopes on liberalisation of price negotiations |
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A move by the French government to allow retailers to freely negotiate prices with their suppliers would provide a boost to supermarket chains faced with falling margins and steep food inflation, analysts said.
\"It is significant in that it will give greater power to retailers with the stronges... |
| Gazprom eyes Serbian oil monopoly |
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A high-profile delegation from the Russian oil and gas monopoly Gazprom was in Belgrade on Tuesday (October 9th) to discuss co-operation in the energy sector. The group was led by the company\'s chief executive, Alexei Miller.
During talks with Serbian President Boris Tadic and Prime Minister ... |
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