Sun, Dec 22, 2013 - Page 15 News List

World Business Quick Take

Agencies

UNITED STATES

Firms to reveal data requests

AT&T Inc is to join rival Verizon Communications in disclosing details on US government requests for customer data starting next year. “Like Verizon recently announced, we intend to publish a semi-annual online report that will provide information on the number of law enforcement requests for customer information that our company receives in the countries in which we do business,” AT&T said in a statement on Friday.

EUROZONE

IMF releases Cyprus bailout

The IMF released the next installment of its bailout of Cyprus on Friday, launching the latest stage in its support plan for the desperately struggling eurozone economy. The IMF said 83.5 million euros (US$114 million) was newly available to Cyprus, bringing to 250 million euros the amount it has disbursed from the three-year loan extended to Cyprus.

PUBLISHING

News Corp acquires firm

News Corp said on Friday that it acquired Storyful, a company that gathers user-generated news and video, for US$25 million to help it grow its digital and video business. Storyful, which bills itself as a “news agency of the social media age,” finds, verifies and acquires news content that people share online. New York-based News Corp said its newspaper, the Wall Street Journal, is already a Storyful customer.

INVESTMENT

Morgan Stanley to divest

Investment bank Morgan Stanley on Friday announced plans to sell part of its commodity business to Russian oil giant Rosneft for an undisclosed sum. The transaction covers Morgan Stanley’s “global oil merchanting” business, which engages in global storage, trading and transportation of oil and petroleum products. While the deal includes physical holdings of oil and refined products associated with existing contracts, it will not not include Morgan Stanley’s stake in oil pipeline and terminal company TransMontaigne, the bank said.

INFRASTRUCTURE

Finnish Rail buying trains

Finnish Rail said on Friday it is buying 80 electric locomotives from Siemens for more than 300 million euros (US$410 million), in one of the largest such deals in Europe this year. The VR rail group says the entire fleet is to be delivered by 2026 with the first locomotives being operational in 2017. The purchase also includes an option for an additional 97 engines from Germany’s Siemens Rail Systems. VR Group said the deal is expected to close early next year.

BIOMEDICAL

Firm tests artificial heart

French biomedical firm Carmat on Friday said it had begun the first human trial of its prototype artificial heart, which aims at overcoming shortages of organs available for transplant. The implant operation, which took place on Wednesday at the Georges Pompidou Hospital in Paris, “went satisfactorily,” it said in a statement.The patient, whom it did not name, is in intensive care, “is conscious and speaking to relatives,” Carmat said, adding that it was too early to draw wider conclusions about the operation.

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