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International News on December 16, 2013


Future of Urban Mobility ranking shows most cities are still badly equipped for tomorrow’s mobility challenges and identifies strategic recommendations
The new version of the ‘Future of Urban Mobility’ study includes an update of Arthur D Business Wire India

GSK Initiates Voluntary Open Offer to Increase Stake in its Pharmaceuticals Subsidiary in India
GlaxoSmithKline (“GSK”) (LSE: GSK) today announced a Voluntary Open Offer (the “Offer”) to increase its stake in its publicly-listed pharmaceuticals subsidiary in India (GlaxoSmithKline Pharmaceuticals Limited, the “Company”) from 50.7% to up to 75% at a price of INR 3,100 per share Business Wire India

Frost & Sullivan: Planned Development Across Qatar Moves its Transportation and Logistics Market into a Higher Gear
Concerted national and industrial development across Qatar, in line with the Qatar National Vision 2030, has brightened prospects of the country’s logistics and transportation market. Even though the market is still nascent, there are strong opportunities for integrated logistics service providers that can offer global-quality end-to-end logistics solutions Business Wire India

ACE Appoints Edward Kopp as Korea's New Country President for General Insurance
ACE Group, one of the world’s largest multi-line property and casualty insurers, announced today the appointment of Edward Kopp as the new Country President to lead its general insurance operations in Korea - ACE American Fire and Marine Insurance Company. Mr. Kopp, whose appointment was effective on 3 December replaces incumbent, Mr Business Wire India

Louisiana Sheriffs’ Pension and Relief Fund v. IBM
Yesterday, IBM (NYSE:IBM) learned of a lawsuit pushing a wild conspiracy theory. This lawsuit seeks to confuse IBM's support for a U.S. cybersecurity legislative proposal -- which has yet to be enacted -- with the completely unrelated NSA surveillance program called PRISM Business Wire India

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