International Chamber Of Commerce News
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Sullivan & Cromwell LLP and Latham & Watkins LLP advised Safeway Inc., the second-largest U.S. grocery-store chain, on the sale of its Canadian stores to Empire Co.’s Sobeys Inc. unit for about C$5.8 billion ($5.7 billion) in cash.
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Live Nation Entertainment Inc., owner of the world’s largest ticket seller, won an arbitration ruling that removes any liability to CTS Eventim AG, a rival to its Ticketmaster unit. The shares surged the most in four years.
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Brazil is the most protectionist among the world’s major economies, ranking below nations including Argentina and Nigeria in a survey of global trade trends by the International Chamber of Commerce.
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Boeing Co. expects governments combating pirates and drug runners on the open seas will create a new market for long-range patrol jets, boosting demand 50 percent higher than the U.S. military’s purchases.
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Dow Chemical Co., the largest U.S. chemical maker by sales, said it received $2.19 billion in cash from Petrochemical Industries Co. of Kuwait as compensation for the cancellation of a joint venture more than four years ago.
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Dow Chemical Co., the largest U.S. chemical maker by sales, said it received $2.19 billion in cash from Petrochemical Industries Co. of Kuwait as compensation for the cancellation of a joint venture more than four years ago.
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A South Korean court has given Hyundai Heavy Industries Co. , the world’s largest shipyard, approval to buy Hyundai Oilbank Co. from International Petroleum Investment Co., backing a ruling in Singapore last year.
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Exxon Mobil Corp.’s four-year hunt for billions of dollars in nationalized Venezuelan oil profits isn’t finished after an international panel slashed the U.S. oil company’s claim by 89 percent.
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Steptoe & Johnson LLP hired Markham Erickson as a partner in the telecom, Internet and media practice in the Washington office. He was previously at Holch & Erickson LLP, a firm he co-founded in 2006.
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Dow Chemical Co., the largest U.S. chemical maker by sales, will get $2.48 billion from Petrochemical Industries Co. of Kuwait for a canceled joint venture, an arbitration panel ruled.
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