India's government says Air India won't take delivery of its first 787 aircraft - which is due by the end of the month - until Boeing (BA) agrees on the compansation it will pay to the airline for the delays to the jet. India wants upwards of $500M, although one consultant pegs the figure at $200M-$250M+. [View news story]
It is not atypical of Indian businesses to try to pressure firms they perceive to be weak at the 11th hour.
Kraft (KFT +0.1%) shareholders get to vote on Wednesday on whether they wish to approve "Mondelez" as the new name for the firm's global snack business after it has been at the receiving end of a number of jokes ever since the proposed name change was announced in March. The company wants to use the name to better represent its global market as it brings Oreos, Fig Newtons, and Cadbury products to new locales. [View news story]
"Mondelez" probably sounds French to some American non-french speakers. I wonder how much management spent to have some firm come up with one of the silliest names I've ever heard. Does anyone believe the name has a meaning?
Ever since the rating agencies were castigated for their lack of independent due diligence when the economic crisis exploded, they have behaved like the attorney whose advice is always "don't do it". If you listen to him you just never get any deal done.
India's government says Air India won't take delivery of its first 787 aircraft - which is due by the end of the month - until Boeing (BA) agrees on the compansation it will pay to the airline for the delays to the jet. India wants upwards of $500M, although one consultant pegs the figure at $200M-$250M+. [View news story]
Kraft (KFT +0.1%) shareholders get to vote on Wednesday on whether they wish to approve "Mondelez" as the new name for the firm's global snack business after it has been at the receiving end of a number of jokes ever since the proposed name change was announced in March. The company wants to use the name to better represent its global market as it brings Oreos, Fig Newtons, and Cadbury products to new locales. [View news story]
Does anyone believe the name has a meaning?
S&P takes negative rating actions on 16 Spanish banks, including Santander (STD) and BBVA (BBVA). [View news story]
Anatomy of the White House's Big Pharma Healthcare Deal [View article]