Word: consortium
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...Magna consortium, which pledges to invest €700 million ($970 million) in Opel, has softened its position on job cuts and plant closings several times under pressure from German politicians. Magna's plan would leave GM with 35% of the company and Sberbank with a 35% stake, while Magna would take 20% and Opel employees would control...
...Huang helped Rockets owner Leslie Alexander buy a stake in Chinese sportswear firm Anta for its successful initial public offering two years ago. But that comprador work is minor compared with the Cavs deal, which would rank as the biggest international sporting investment by a Chinese-Hong Kong consortium if it goes through. "It makes sense for the Chinese to look for business in the States, because that's where the investment opportunities are," says Terry Rhoads, managing director of Zou Marketing, a sports-branding consultancy based in Shanghai. "It'll be interesting to see what happens, because the Chinese...
...staying put in Cleveland, as he may become a free agent next year. Although Cleveland is his hometown and it boasts a successful franchise, it's a second-tier basketball town, without the financial resources of cities like New York or Los Angeles. Certainly, the New World Development-led consortium must be hoping that the Little Emperor won't leave Cleveland. Otherwise, the value of the Emperor's clothes - both real and knockoff - will plummet in China...
...also lost its bid to convince Russia that a consortium to manage Ukraine's pipeline system should be exclusively controlled by the E.U. Another sticking point was the Energy Charter Treaty, adopted in 1991, that integrated the energy sectors of the former East Bloc into Europe. Russia has sought to "ensure that the Energy Charter ceases to be the basis for the energy dialogue between the E.U. and Russia in the future, and to emphasize the need for new ad hoc arrangements in the format proposed by Russia," says Dmitry Orlov, head of the Agency for Political and Economic Communications...
...Chavarría Lopez said. She also criticized the FLA investigation, saying that the group failed to take testimonies from factory workers or from the Honduran Ministry of Labor. Both Mirza and Chavarría Lopez called for Harvard to wait for the recommendations from the Worker Rights Consortium (WRC)—another labor rights group—before it decided whether or not to renew its contract with Russell. According to Mirza, the WRC investigation was more exhaustive and its recommendations would likely be more stringent. “We’re not trying to condemn Harvard...