Relief for Euro Disney; Challenges Loom
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Euro Disney shares leapt on Wednesday  after the French theme park operator clinched a long-awaited  deal to restructure its debt, but analysts say big challenges  loom for Chairman Andre Lacroix.
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Euro Disney shares were suspended on  Tuesday at the company's request, said pan European bourse  operator Euronext, before the theme park operator is expected  to make a statement on a restructuring plan.
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The sharp fall of the dollar against the euro could spur European companies to step up their acquisitions in the United States, but analysts say European buyers could face constraints in certain sectors.
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The Securities and Exchange Commission reached a settlement today with the Walt Disney Company over the company&#39;s failure to disclose its relationships with various board members as well as with an airline controlled by a director.
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French theme park operator Euro Disney on Tuesday said it had won the unanimous agreement of its creditors to a modified debt restructuring plan designed to save it from bankruptcy.
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[World News]: London, Dec 26 : The European Union today announced euro three million (USD 4 million) in emergency aid in response to the crisis triggered by the tidal waves in the Indian Ocean and set up a team to monitor the situation.
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French theme park operator Euro Disney saw its losses increase last year due to royalty payments, the costs of its financial restructuring and the failure to attract more visitors.
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Threat to imperial measures to be lifted after European commission climbdown.
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LONDON  - With the euro soaring against the U.S. dollar, some analysts say European companies on the lookout for bargains would charge into the United States, snapping up easy acquisitions.
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THE European Commission yesterday concluded today that the Cyprus was on track for correcting its budget deficit. âI am comforted to note that the Czech Republic, Cyprus, Malta, Poland and
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Euro Disney SCA posted a wider loss Tuesday for the 2004 fiscal year as the theme park and hotel operator resumed royalty payments to The Walt Disney Co.
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Euro Disney shares leapt on Wednesday after the French theme park operator clinched a long-awaited deal to restructure its debt, but analysts say big challenges loom for Chairman Andre Lacroix.
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Euro Disney plans a life-saving 250 million euro (&#36;322 million) capital increase in mid-January if market conditions permit, said its finance director, adding the French theme park operator would take time to become profitable.
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Many European leaders gasped with relief  on Monday after Poland's Kaczynski twins suffered an election  defeat that should swing the country's pro-Washington outlook  more towards Brussels.
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With an eye on boosting tourism to the United States, Disney is waving its magic wand and trying to put some sparkle into the often grim business of arriving as a foreigner in the United States.
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With the European economy on the upswing, companies and governments are shrugging off the dollar's renewed slide against the euro this week - a phenomenon once dreaded as potential poison for the continent's ...Comment
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Euro Disney plans a life-saving 250 million euro ($322 million) capital increase in mid-January if market conditions permit, said its finance