Also. . .
- Share via
* Pernod Ricard is expected to receive a preliminary ruling from French antitrust officials this week on revised plans for the sale of its Orangina unit to Coca-Cola Co., setting the stage for a decision after 20 months of talks. Coca-Cola in May agreed to scale back its original bid to $770 million and not to distribute the carbonated drink in French restaurants after the government blocked its first offer on competitive grounds.
*
* Singapore’s economy expanded 6.7% in the second quarter, its fastest growth rate since the end of 1997, as the region’s recovery and the strong U.S. market propelled demand, said Prime Minister Goh Chok Tong. As a result of accelerating growth, the government raised its 1999 gross domestic product forecast to a gain of between 4% and 5%.
*
* American Tower Corp., the No. 2 U.S. owner and operator of broadcast and wireless communications towers, leased 2,100 towers from AirTouch Communications Inc. for $800 million in cash and agreed to build as many as 500 more for an undisclosed amount.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.