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Monday, June 30, 2008 |
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South Korean company now canned tuna king The deal is for $363 million. Dongwon is already dominant in canned tuna in Korean, with a 75% market share. It also owns the world's largest tuna fishing fleet. The move will make the company #1 in tuna worldwide, with further expansion plans in Europe and South America. Del Monte acquired StarKist in 2002, from Heinz Foods. The brand, with its famous "Sorry, Charlie" ads, is the #1 canned tuna brand in the US with 37% market share. As tuna costs have risen (due to scarcity), StarKist's margins have been reduced as well. Del Monte's other brands include College Inn broths, Meow Mix cat food, and Milk-Bone pet snacks. 8:38:16 PM |
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Sunday, June 29, 2008 |
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Waste deal aims at market control 9:14:58 PM |
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Thursday, June 26, 2008 |
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Severstal buys Esmark 10:11:21 PM |
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Tuesday, June 24, 2008 |
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Iron hand 10:17:26 PM |
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Monday, June 23, 2008 |
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King corn (syrup) 8:56:13 PM |
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Sunday, June 22, 2008 |
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Chinese-Indian pharma deal 8:15:41 PM |
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Thursday, June 19, 2008 |
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Copyright creeps
And the reaction has been a frantic pace of expanding copyrights, as Flesicher points out. "Every broken regulation brings a cry for at least one new regulation even more sweepingly worded than the last. Copyright law in the 21st century tends to be less concerned about concrete cases of infringement, and more about criminalizing entire technologies because of their potential uses."
It's a horrific scenario. I'm not always a fan of the libertarian Cato Institute, but on this issue they are dead on. 9:01:00 PM |
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Friday, June 13, 2008 |
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Organic oligopoly 12:30:28 PM |
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Thursday, June 12, 2008 |
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Big Pharma and "free" trade 9:10:08 PM |
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Wednesday, June 11, 2008 |
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Yet another beer deal SABMiller, the world’s largest brewing company (unless and until InBev manages to buy Anheuser-Busch), announced it would buy Russian brewer Vladpivo, located in Russia’s growing Far East in Vladivostok. It’s not much of a deal money-wise (the price is undisclosed, the assets of the company seem to be under $70 million). The deal will be SABMiller’s third location in Russia, where SABMiller is the leader (with Russian brands like Zolotaya Bochka, Tri Bogatiria, and Moi Kaluga). After Carlsberg bought up control of the Russian Baltic brand, SABMiller management may have felt it had to get even bigger in Russia. Meanwhile, the company is rolling out its Grolsch beer brand, purchased last year, in South Africa. It has also been spreading key brands like Grolsch, Pilsner Urquell, Miller Genuine Draft, and even Italy’s Peroni Nostro Azzuro across the globe as "premium" brands. In a world where it would seem that beer was at a saturation point, SABMiller saw an 11% growth in profits over the last year. 10:03:52 PM |
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Monday, June 09, 2008 |
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10:17:39 PM |
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Sunday, June 08, 2008 |
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Then there were four 4:12:13 PM |
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Wednesday, June 04, 2008 |
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Smucker and Procter & Gamble 9:52:47 PM |
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Tuesday, June 03, 2008 |
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Market research merger 5:31:11 PM |
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Monday, June 02, 2008 |
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Bayer: Addicted to cartels
A EU charge held that the conspirators "a) agreed prices to be charged for products in an indirect way by agreeing 'target' prices and 'roll-over' prices, b) shared customers by using 'non- aggression' agreements, and exchanged sensitive commercial information relating to prices, competitors, and customers." ("Synthetic rubber cartel - fessing up pays off for Bayer," www.openbrief.com, 1/23/08)
Also pending are accusations of cartels for pesticides in India, and for over the-counter drugs in Europe generally. 8:31:20 PM |
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Sunday, June 01, 2008 |
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Disney-Pixar deal: happily ever after? 9:09:01 PM |
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Thursday, May 29, 2008 |
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Anheuser Busch on the block? 8:53:17 PM |
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Monday, May 26, 2008 |
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Airfares up 4:00:12 PM |
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Wednesday, May 21, 2008 |
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8:13:30 PM |
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Monday, May 19, 2008 |
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CBS buys CNET: Hail Mary time? CBS has a spotty history with the Web. An internetnews.com article ("Is CNET The Right Fit For CBS?" 5/15/08) quotes another analyst as saying "We do not see a strategic fit in this combination other than CBS is trying to increase its exposure to the Internet," 5:31:18 PM |