Suez-GDF merger faces delay until February
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The proposed merger of French energy group Suez and state-owned Gaz de France (GDF) hit last-ditch problems amid shareholder wrangling and a court victory for trade unions which threatened to hold up the deal.
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The merger between Nokia and Siemens' networking divisions has been postponed due to an ongoing investigation at Siemens over charges of bribery, Nokia said Friday.
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The boards of state-owned Gaz de France and utility giant Suez SA were meeting Sunday night to discuss a new merger deal, as expectations grew that an agreement on the long-stalled tie-up was imminent.
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Steel group Corus is delaying a planned shareholder meeting to give Brazil's CSN more time to consider a takeover bid.
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French unions won a legal bid to postpone a crucial board meeting of Gaz de France  on its planned 80 billion euro ($102.5 billion) merger with utility Suez , dealing a blow to the government-backed deal.
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The company announces another slight delay with its lead drug.
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Google's estimated $3bn flotation has been delayed by at least a day as the firm awaits regulatory approval.
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Imperial Tobacco , which is looking to take over rival Altadis , met forecasts with a 12 percent rise in annual earnings on Tuesday, but a delay until January in completing the Altadis deal hit its shares.
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The French energy group Suez would be required to sell off some of its nuclear power operations in Belgium if it merged with gas utility Gaz de France.
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The plan to create a giant French energy group with Suez and GDF was stuck in embarrassment and uncertainty after two days of setbacks made a merger this year unlikely.
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MELBOURNE (Dow Jones)--France&#39;s AXA SA (AXA) faces a six-week delay in its attempt to move to full ownership of its Australian insurance subsidiary, with the Australian
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PARIS, Sep 15 (IPS) - Following nearly two years of squabbling, this  month Franceâs national gas utility, Gaz de France, finally  agreed to team up with the Franco-Belgian utility Suez, to create  an energy behemoth with some 72 billion euros in revenue.
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French President Jacques Chirac said that a controversial government-backed merger of Gaz de France and French utility group Suez was needed to create a French champion in the gas sector.
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Italian electricity group Enel -- which has seen its ambitions to acquire French group Suez blocked by a plan for Suez to buy Gaz de France (GDF) -- said on that it made a net profit of nearly 2.0 billion euros in the first six months of the year.
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French lawmakers approved an energy bill that paves the way for privatisation of the state-owned gas group GDF and its merger with the private French company Suez.
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Over five months after the two companies announced their intention to merge, search engine leader Google and display advertising leader DoubleClick petitioned the European Commission on Friday for clearance of their merger terms. This morning, according to the Associated Press, the EC responded by warning that a full investigation of their petition could consume as much as four months.
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The company says that it is shipping one program but delaying 19 language packs for another month.