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Wed, Sep 12, 2007 - Page 10 News List

World Business Quick Take



Capgemini to use Google

Technology consultancy Capgemini will begin recommending Google Inc's online suite of office software to its corporate customers, bolstering the Internet search leader's effort to drum up more sales to big businesses. The partnership announced on Monday represents the first time one of the world's top technology consulting services has embraced Google's software bundle, which includes e-mail, word processing, spreadsheets and calendar management. Capgemini, based in Paris, France, influences the type of software used on more than 1 million personal computers in companies worldwide. Its major customers include drug maker Eli Lilly & Co and accounting company PricewaterhouseCoopers.


ArcelorMittal sales to grow

ArcelorMittal said on Friday it planned to increase steel shipments by more than 20 percent from last year to 2012, as it pushes into Latin America, Africa, Eastern Europe, Russia and Central Asia. This will bring annual sales to 131 million tonnes from last year's 110.5 million tonnes. CEO Lakshmi Mittal said worldwide demand for steel is "buoyant." "We are well positioned to capture growth opportunities, which will permit us to increase shipments from our existing operations by some 23 million tonnes by 2012," he said.


Honda to sell Jazz in India

Honda Motor Co, Japan's second-biggest automaker, plans to sell the Jazz or another "premium" small car to boost sales in India, where almost three-fourths of cars sold are hatchbacks. "Whatever we bring here will be part of our global range, it will be a global model," said Jnaneswar Sen, senior general manager of marketing at Honda Siel Cars India Pvt, the local unit. Honda Motor's market share is a 10th of rival Suzuki Motor Corp in India, where fuel efficiency and cost influence buying decisions more than styling, safety features or brand value. Small cars also enjoy tax advantages in India.


OPEC discussing output

OPEC oil producers were to discuss all options for their production policy at their formal meeting yesterday, the Qatari oil minister said. "We will discuss all options," said Abdullah bin Hamad al-Attiyah as he arrived for a breakfast meeting with his OPEC partners. The oil exporters' group had previously been expected to leave its output unchanged, but there are signs that members might bend to the will of Saudi Arabia and increase output. Pressure by the Saudi kingdom has created doubt about the final outcome of the meeting, but investors appeared to be betting on no change, with oil prices higher in Asia early yesterday.


Lewis buys major stake

British billionaire Joseph Lewis, a magnate who controls more than 170 companies, has acquired a 7 percent stake in investment bank Bear Stearns Cos, becoming one of its largest shareholders. Lewis, who runs Florida-based investment vehicle Tavistock Group, bought 8.1 million shares for a total of US$860.4 million between Aug. 6 and Sept. 7, according to documents filed on Monday with the Securities and Exchange Commission. Bear Stearns shares have fallen about 30 percent since the beginning of the year amid worries related to the crisis in the mortgage markets.

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