>Hold the line, please
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Sanyo will pay a $10.7 million fine, while LG Chem will pay $1.06 million. The companies participated in a conspiracy to fix prices of lithium-ion battery cells used in notebook computers between 2007 and 2008, according to the charging documents.
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Kennedy told analysts the company would keep its international expansion plans on hold but continue to aggressively expand at the local level by selling targeted ads for local businesses. But that would mean a significant effort to ramp up sales across the country, he warned.
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"In Russia revenue... was boosted by strong performance ofour mobile and fixed operations," said MTS CEO Andrei Dubovskovon a conference call, who said increased data and smartphoneusage was a key factor.
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Fonterra's China expansion strategy, which also includes building a UHT milk processing plant by 2016, is part of the company's global plan to generate more earnings from value-added products, as opposed to lower-margin bulk milk powder.