Russian banks prove tempting

Article Abstract:

KMB Bank of Russia is to be acquired by Banca Intesa S.p.A. of Italy. The small Russian bank generated much foreign interest when it came on the block and the acquisition values KMB Bank at $120 million. There has been a crackdown on Russian business practice that has made Russian business opportunites attractive to foreign investors.

Italy, Commercial Banks, Acquisitions & mergers, Russia, Capital funds & cash flow, Banking industry, Industry Overview, Economic aspects, Mergers, acquisitions and divestments, Company acquisition/merger, Banca Intesa S.p.A., Valuation, KMB-Bank

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Cellphone makers battle to be No. 2

Article Abstract:

The article discusses the battle for second-place among cellphone companies. Telefon AB L.M. Ericsson, Motorola, and Siemens are all battling to be No. 2, and Siemens just launched a Euro80 million poster, television, and print campaign.

Europe, Germany, Sweden, Radio & TV communications equipment, Market share, Advertising, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Cellular Mobile Tel Equip, Campaign Launched, Wireless telephones, Cellular telephone equipment industry, Motorola Inc., MOT, Siemens AG, Telefonaktiebolaget LM Ericsson

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