COMPANIES
Resources
Principal content
Lex: Vivendi v Telefonica
The increasingly acrimonious $4bn telecoms takeover of GVT is an important road test for Brazilian corporate governance
Lex: Venezuelan banks
Hugo Chávez says he has ‘no problem’ nationalising the remainder of the sector but the president needs to tread carefully
China’s Wisco buys MMX stake
China’s third biggest steel maker to pay $400m for 21.5% of MMX, a Brazilian iron ore miner
Venezuela closes four seized banks to public
Venezuela’s Finance Minister Ali Rodriguez says the government is closing the doors of four private banks it seized this month for violations of solvency regulations and unexplained capital increases.
Comparing pay – a tricky, but worthwhile exercise
Exclusive Financial Times data show which oil chief executive gives best value for money and can open a window into the soul of company boards
Areva faces tough choices on T&D sale
The decision by Innovation Network Corp of Japan to join Toshiba‘s bid for the power transmission and distribution unit of Areva, the French nuclear power group, has alienated one of the unit’s founding investors, General Electric, which has also made an offer for the business.
Lex: Goldman Sachs
The bank’s most precious asset – its awesome reputation – is turning as toxic as a pile of rotting collateralised debt obligations
Lex: JAL
Delta and American Airlines are jostling to throw money at the perennial problem that is Asia’s largest airline
Dubai air show deals starting to trickle in
The third day of the Dubai air show ends much as the first two did, with just a handful of extra order announcements from the main aircraft manufacturers, which organisers said brought the total value of air-show deals to $8.3bn
Vivendi criticised for high GVT price
Vivendi’s €2.8bn takeover of GVT, the Brazilian broadband operator, failed to impress investors



