Disney Unloads Miramax In Massive Deal
The Miramax Films studio founded by movie magnates Harvey and Bob Weinstein has been sold off in a massive £440 million deal after a six-month bidding war.
The company was set up by the famous brothers and sold to The Walt Disney Company in 1993 after they left to establish The Weinstein Company.
Miramax Films fell into financial difficulty and closed its offices in January and the Weinsteins, who were responsible for hit films such as Reservoir Dogs, Pulp Fiction and The English Patient, tried to buy the company back.
Their negotiations fell though and officials at Disney have now announced the firm has been sold off to a private investment group. Read more
Leyland To Pick Up 26 % In U.K. Bus Maker Optare
Ashok Leyland, the flagship company of the Hinduja Group, will pick up 26 per cent equity stake in the U.K.-based bus maker Optare plc.
This follows an agreement inked between the two for a long-term strategic co-operation. The investment will be $7.5 million.
V. Sumantran, Executive Vice-Chairman, Hinduja Automotive Group and member of Ashok Leyland board, told a press conference here on Thursday that the stake buy in Optare was being facilitated through a fresh offer at a “competitive market rate”.
The move to buy a stake in the U.K. bus company was a logical extension of a well thought-out strategy of Ashok Leyland to insulate itself against the cyclical nature of the commercial vehicle business and get into unexplored adjacent sectors and also spread to new geographical locations, he reasoned. Read more
Cool Down
To most people, it’s no secret that swimming is an enjoyable way to get some exercise and cool down especially in the hot summer sun. Pools used to come in a variety of rectangular shapes with bright turquoise colored bottoms. And towards this point having an above ground pools can not only be useful and fun, but they can also be the centrepiece of a lovely garden. This above ground swimming pool equipment has the basic equipment necessary to start your pool. But what you plant around your pool makes a big difference. You can destroy the success of even the most beautiful pool by planting plants that can ruin its design or even damage its structure. By planning the whole area before installing the pool, you can take any building issues that might not add to your vision and blend them into the design so the function remains but the negative visual impact is minimized.
Tourism Development Plan For Mangalore
After many proposals to develop Bangalore on the lines of Singapore, it is now the turn of Mangalore to receive a tourism development plan based on Singapore experience. For, a Singapore-Malaysia-based consortium is expected to submit a proposal for tourism development in Mangalore at a cost of about of Rs. 4,500 crore under Public-Private Partnership (PPP).
A presentation in this regard was made before Tourism Minister G. Janardhan Reddy on Thursday after the inauguration of the new office of Jungle Lodges and Resorts.
The proposal “Connectivity enabled integrated development for Mangalore city”, aligned with the Mangalore City Vision 2025 plan was made by Ravindra Kumar, co-founder of Strada Architects and Consultants, on behalf of a consortium, who are yet to be named. Read more
New Health Care Law Requires Restaurants To Post Calorie Information
They are no one’s idea of a dainty snack. Yet many people delight in a hamburger-and-fries combo, a honkin’ steak sandwich and other pound-packers. They can’t help themselves. But if people really knew what they were eating in terms of calories, would they desist from such gut-busters and make healthier choices?
Advocates of a new federal mandate are betting on it.
Beginning next year, restaurant patrons will see a new item on their menus and drive-through signs: Calorie counts alongside the food they order.
The change is being driven by a provision with big implications in the nation’s recently passed health care overhaul. It requires restaurant chains with 20 or more restaurants to post calorie information on their menus and drive-through signs. The measure will affect a number of restaurants in the Rochester area, among them are Red Lobster, McDonald’s, Olive Garden and Denny’s.
Nutritionists see the requirement as the equivalent of highway speeding signs: A warning that there are consequences to that special sauce-slathered burger or deep-fried onion. By Matthew Stolle, Post Bulletin