China portals deny persistent merger reports

Article Abstract:

Several major online companies in China have denied reports of mergers. Merger rumors have surfaced because Chinese leading portals, such as China.com, sina.com, netlease.com, and sohu.com, have been losing money and competition among them has started heating up. These dot-com firms said that despite losses, they are not in danger of collapsing. However, analysts said that the portals will still need to generate revenues to avoid a takeover.

Videotex & Teletext, Public affairs, Internet services

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U.S. research firm expands to Korea

Article Abstract:

MindBranch, formerly Publications Resources Group, in Jan 2001 acquired Outsource Korea for around $10 million in stock, cash and currency. The transaction is the first foreign purchase by MindBranch, which plans other ventures overseas later in the year. Outsource Korea is a leading source of business information in the country and has been in the business since 1996. According to MindBranch, Outsource Korea has performed well with executive summary translations and the bulk of the texts in English.

South Korea, Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Database Vendors NEC, MindBranch, Outsource Korea

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German companies follow Land's End unconditional guarantee into court

Article Abstract:

Land's End has been joined by two German companies in fighting Germany's 1932 Free Gift law which some German court say bans long-term product guarantees. The company has been sued by the German government in 1997 for violating the law that bans selling of promotional goods or services not similar to the main item sold. According to the Germans, the guarantee was in effect a separate product, not an extension of the original offer and companies are not allowed to sell it. The company is being joined by German mattress distributor, Ambra, and jeans manufacturer, Werdin, in its fight against the German government.

Government regulation (cont), Germany, Mail Order Houses, Electronic Shopping and Mail-Order Houses, Regulation/Ethics, Mail order business, Lands' End Inc., Article, Ambra, Werdin

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