Skip to main content

Posts

Arseus seeks to divest IT unit - paper

Belgian medical supplies group Arseus will sell its IT unit Corilus to fully concentrate on medical compounds, Belgian business unit De Tijd wrote on Thursday. _0"> The group has made a string of divestments in recent quarters and has focused spending on its medical compounding unit Fagron, which supplies materials to pharmacies to make bespoke medicines. While the revenues of Corilus, which makes software for doctors and pharmacists, was still growing in the first quarter of 2014, Fagron grew at more than twice the pace, even corrected for acquisitions. The process of selling Corilus was still at an early stage and could take months, De Tijd wrote. Arseus was not immediately available for comment. (Reporting by Robert-Jan Bartunek)

Symantec in talks with Chinese government after software ban report

U.S. security software maker Symantec Corp said it is holding discussions with authorities in Beijing after a state-controlled Chinese newspaper reported that the Ministry of Public Security had banned the use of one of its products. _0"> The China Daily reported on July 4 that the ministry had issued an order to branches across the nation telling them to uninstall Symantec's data loss prevention, or DLP, products from their systems, saying the software "could pose information risks." The newspaper also said Chinese news site Sohu.com had reported that the public security bureau had banned Symantec's DLP products from future procurement projects. ( bit.ly/1okVF3v ) Symantec spokeswoman Colleen Lacter told Reuters that her company was in discussions with the Chinese government about the matter, though she declined to confirm or deny the newspaper's account of what had happened. "The discussions are ongoing and it's premature to go into detail

RPT-Fitch Affirms France's Vivendi at 'BBB'; Outlook Stable

(The following statement was released by the rating agency) Fitch Ratings has affirmed France-based Vivendi SA's (Vivendi) Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB'. The Outlook on the Long-term IDR is Stable. The affirmation reflects the completion of Vivendi's significant disposals (stakes in Activision Blizzard AB and Maroc Telecom) and its plans to sell SFR, the 2nd largest French telecoms operator, as part of their plan to move away from telecoms and become an international media group. After returning EUR4.8bn to shareholders, this should leave Vivendi with a net cash position to fund future investments and acquisitions in the media sector. Maintaining the 'BBB' rating will depend on the strategic plan that Vivendi adopts, the acquisitions made, coupled with management's ability to balance financial leverage with an operating profile that could be less predictable than when Vivendi had owned more telecoms as

Britain says to pass emergency phone and email data law

Britain said on Thursday it would rush through emergency legislation to force telecoms companies to retain the data of users for a year, saying the move was vital to protect national security following a decision by Europe's top court. _0"> Communication companies had been required to retain data for 12 months under a 2006 European Union directive which was thrown out by the European Court of Justice in April. The scrapping of the directive could deprive police and intelligence agencies of access to information about who customers contacted by phone, text or email, and where and when, the British government said. British Prime Minister David Cameron said the emergency legislation would restore this capability and enshrine it in law, ensuring investigations would not be hampered and giving protection to the telecom firms from possible legal challenges. However, he stated the measure would not give the authorities any new powers to access Britons' personal data or t

Russia's Rosneft, Zarubezhneft to agree on Cuban offshore block this week

Russian state oil companies Rosneft and Zarubezhneft plan to sign an agreement with Cuban state oil company Cubanpetroleo to develop an offshore block 37, a senior Russian official said. _0"> Yuri Ushakov, an aide to President Vladimir Putin who plans to visit Cuba on July 11, told reporters the companies were aiming to agree on the deal during his visit. He did not provide any other details. A number of factors are working against Cuba's oil hopes, among them the political and logistical difficulties imposed by the long-standing U.S. trade embargo against the island. (Reporting by Dasha Korsunskaya; writing by Katya Golubkova, editing by Elizabeth Piper)