Hacking scam: Royals, Brown were victims

LONDON: The scandal engulfing Rupert Murdoch's media empire exploded in several directions on Monday, with fresh reports of phone hacking attacks against some of the nation's most powerful figures, including royals and former prime minister Gordon Brown.

Adding to the intrigue, Scotland Yard released an unusual statement accusing unidentified individuals of trying to sabotage its sprawling investigation. The police — themselves accused of accepting bribes from Murdoch's journalists — said somebody was deliberately planting distracting information in the press.

No one, it seems, had been safe from the prying eyes of corrupt journalists. Police officers betrayed members of the royal family to the News of The World, according to several reports. Other papers said Brown had his bank account broken into by a con man acting for Murdoch's Sunday Times.

The reports couldn't be confirmed, but they added to a sense of disbelief that has spread across Britain. “The events of last week shocked the nation,” Culture Secretary Jeremy Hunt told lawmakers Monday. He said Britain's proud press tradition had been “shaken by the revelation of what we now

know to have happened at the News of The World.”

The British press has been furiously reporting allegations that journalists at the News of the World tabloid may have hacked into phones of young murder victims, families of dead servicemen and terrorism victims. The widening scandal has prompted Murdoch's News Corp. to close the tabloid and withdraw its promise to spin off Sky News — a move that forced Hunt to refer its bid for British Sky Broadcasting to competition authorities. The decision will delay the bid, although it was not immediately clear whether Murdoch hoped to buy time with the ploy in the hope the scandal would die down, or whether it was an implicit acknowledgement that the bid was dead.

A failure to clinch the $19 billion takeover would represent a huge setback for Murdoch, but even as the mogul was in London to try to contain the damage, as allegations against his empire rushed in. Media reported that Brown was one of thousands targeted by News International, saying that his personal details — including his bank account and his son's medical records — had been targeted by people working for titles including the Sun and the Sunday Times.

zp8497586rq

Pernod Ricard Group sells its shares in Ambrosio Velasco for a cash consideration of € 33.1 million

Press release – Paris, July 1st, 2010

Pernod Ricard Group (Paris:RI) announces that it has signed an agreement to sell
its shares in Ambrosio Velasco SA to Diego Zamora for a cash consideration of €
33.1 million (excluding debt).

Ambrosio Velasco SA is a Spanish company that owns among others the brand
Pacharán Zoco, Palacio de la Vega wine from Navarra, and related assets.

The closing of the transaction is subject to clearance by the Spanish
competition authorities.

Pernod Ricard was advised in this transaction by Santander and Cuatrecasas.

About Diego Zamora

Diego Zamora is a family owned Spanish company, best
knownastheProducerofLicor43,themost popular Spanish liqueur worldwide,withalong
history of more than 40 years in the European and American markets (60 countries
worldwide), and other premium brands such as VillaMassa(bestselling premium
Italian Limoncello), Matusalem Rum and RamonBilbao Wines from
Rioja.Theyarealsoaleadingimporterand distributorintheSpanishmarketwitha solid
record of achievement within the wine and spirits industry.

About Pernod Ricard

Pernod Ricard is the world`s co-leader in Wines and Spirits with consolidated
sales of € 7,203 million in 2008/09. Created by the merger of Pernod and Ricard
(1975), the Group has undergone sustained development, based on both organic
growth and acquisitions: Seagram (2001), Allied Domecq (2005) and Vin&Sprit
(2008).

Pernod Ricard owns one of the most prestigious brand portfolios in the sector:
Absolut Premium Vodka; Ricard pastis; Ballantine`s, Chivas Regal, Royal Salute
and The Glenlivet Scotch whiskies; Jameson`s Irish Whiskey; Martell cognac;
Havana Club rum; Beefeater gin; Kahlúa and Malibu liqueurs; Mumm and
Perrier-Jouët champagnes; and Jacob`s Creek, Montana, Campo Viejo and Graffigna
wines.

The Group believes in a decentralised organisation, with 6 Brand Owners and 70
Distribution Companies established in each key market, and employs a workforce
of around 19,000 people. Pernod Ricard is strongly committed to a sustainable
development policy and encourages responsible consumption of its products.

Pernod Ricard`s strategy and ambitions are founded on 3 key values that guide
its development: entrepreneurial spirit, mutual trust and a strong sense of
ethics.

Pernod Ricard is listed on the NYSE Euronext exchange (Ticker: RI; ISIN code:
FR0000120693) and is a member of the CAC 40 index.

To read more, please go to www.pernod-ricard.com

Contacts Pernod Ricard
Olivier CAVIL, +33 (0)1 41 00 40 96
Communication VP
or
Denis FIEVET, +33 (0)1 41 00 41 71
Financial Communication – Investor Relations VP
or
Florence TARON, +33 (0)1 41 00 40 88
Press Relations and External Communication Manager

Copyright Business Wire 2010

EU opens investigation into Syngenta sunflower deal

June 22 (Reuters) – European Union competition authorities said on Tuesday they have opened an investigation into Swiss group Syngenta’s (SYNN.VX) proposed acquisition of the sunflower seed business of U.S. company Monsanto (MON.N).

“The Commission’s initial market investigation indicated potential competition concerns with respect to the breeding and commercialisation of sunflower seeds and sunflower seed treatment products in Europe,” the European Commission, which regulates EU-wide competition, said in a statement.

The Commission now has 90 working days to take a final decision on the proposed acquisition of Monsanto’s global sunflower seed operations.

Mickey Mouse in $4 billion embrace with Spider-Man

London, Sept 1 (ANI): The world of animation entertainment is all set to become much bigger as Walt Disney buys Marvel Entertainment in a 4-billion dollar deal.

After the deal is sealed, Disney will be the owner of 5,000 Marvel characters, including superheroes like Spider-Man and the X-Men.

Shareholders of Marvel will receive 30 dollars per share in cash along with 0.745 Disney shares for every Marvel share they own.

The board of directors of both the entertainment companies have approved the deal, which will be inked after the support of Marvel’s shareholders and competition authorities.

The BBC quoted Robert Iger, Disney president and chief executive as saying: “We believe that adding Marvel to Disney’s unique portfolio of brands provides significant opportunities for long-term growth and value creation.”

“We are pleased to bring this talent and these great assets to Disney.”

He added: “Disney is the perfect home for Marvel’s fantastic library of characters given its proven ability to expand content creation and licensing businesses,” said Marvel chief executive Ike Perlmutter.

“This is an unparalleled opportunity for Marvel to build upon its vibrant brand and character properties by accessing Disney’s tremendous global organization and infrastructure around the world.”

Business analysts say the deal is “win-win situation for both companies”. (ANI)

Hungary’s new economy minister steps down

Budapest – The designated economy minister of Hungary’s interim government stepped down on Thursday, a day after local media reported a large fine for anti-competitive practices against his former software company.

Media on Wednesday replayed a decision by Hungarian competition authorities three years ago to fine Vahl’s company 690 million forint (over 3 million dollars at the time) for collusion with IBM Hungary in a public tender.

IT manager Tamas Vahl, who led the software company SAP Hungary, resigned saying: “Only by my resignation can I remove this burden from the shoulders of the government of experts being formed.”

Vahl, an economics expert, was to have been a member of the cabinet of Prime Minister Gordon Bajnai, who was elected by parliament on Tuesday.

A government spokesman said Bajnai would name a replacement for Vahl within a week.

Former economy minister Bajnai was voted prime minister in a parliamentary vote Tuesday which at the same time expressed no confidence in Ferenc Gyurcsany, voting the socialist premier out of office.

Parliament last week had initiated a constructive vote of no confidence against Gyurcsany with the motion for Tuesday’s vote, signed by 92 MPs calling for his replacement by Bajnai.

Immediately after Tuesday’s vote, Bajnai – who has no party affiliation – said he would reshuffle the cabinet and bring in experts who were also free of party affiliations to take over the key finance, economy, social welfare and energy ministries.

The Vahl resignation marks the second of Bajnai’s cabinet choices not to meet general approval. On Wednesday, the country’s security committee rejected the designated minister for oversight of the secret services, Adam Ficsor.

The 29-year-old Ficsor was turned down for symbolic reasons, as he was head of the Gyurcsany cabinet and is considered a close confidant of the previous premier.(dpa)