Упражнение 4. Выполните перевод с листа. Business Non-Stop — 5 (А.П.Чужакин

Business Non-Stop — 5 ( А.П.Чужакин. МИР ПЕРЕВОДА-3,2005, стр 78 – 94)

1. The South Korean government took control of the troubled Kia Motors group, converting its loans to the company into an equity stake. The finance minister asked banks to lend more to the country's other stricken conglomerates.

* * *The London Stock Exchange switched to electronic trading. Instead of brokers striking deals over the telephone, buyers and sellers will now be matched by computer, as happens in most other European bourses.

2. Ernst & Young and KPMG have merged in a $ 16 billion deal to create the world's biggest accountancy firm, leapfrogging the recent $12 billion pact between Coopers & Lybrand and Price Waterhouse, which itself had knocked Andersen Worldwide from the top slot. After both deals have been completed, the big six will become the big four accountancies.

3. Shares in AGF, France's third-largest insurer, soared after being relisted in the wake of a $9.4 billion hostile bid from Generali, Italy’s largest insurer. At around 320 euro for an AGF share, Generali's 300 euro offer looks likely to be challenged.

* * * Bank One, which along with other American banks had a good third quarter, is paying $3 billion for First Commerce of Louisiana. Citicorp shares gained (go up) on news that it would shed around 8% of its worldwide staff; it took an $889 m charge on net profits of $1.1 billion in the third quarter.

4. America's Department of Justice asked a court to impose a daily fine of $Im on Microsoft until the software firm stopped violating the terms of a 1995 antitrust agreement that barred it from forcing PC makers to license and distribute its Internet browser program by "bundling" it with Windows 95, the most widely used PC operating system. Microsoft denies violating the agreement. Microsoft is also under investigation by Japan's Fair Trade Commission and the European Commission.

5. Boeing will take a $1.6 billion charge and report a third-quarter loss. Its factories have been unable to keep up with demand, and production lines have halted. It faces a further $1 billion charge because of continuing disruption to output. Meanwhile, Europe's competition commissioner is to examine a big order from Delta Air Lines for Boeing aircraft, on fears that the deal shuts other manufacturers out of future sales.

6. Russia agreed to sell most of its diamonds through the Central Selling Organization, a cartel operated by De Beers of South Africa. The deal obliges De Beers to buy at least $550 m worth of diamonds from Russia's sole producer, Alrossa Ltd. De Beers said it hoped a longer-term deal would follow.

* * *America backed down from threats to bar entry of Japanese cargo ships to American ports until their parent companies paid $4 m-worth of fines, imposed for what America claims are restrictive practices at Japanese ports. The row rumbles on.

7. Starwood Lodging Trust, a property investment trust, is to pay $9,8 billlon for ITT, a hotel and casino chain, in an agreed deal that pips (ousts) Hilton Hotels and will create the biggest hotel chain in the world. Hilton had been battling to buy ITT for nine months, and had c$ 8.3 billion on offer.

* * * Universal Studios, a subsidiary of Canada's Seagram group, agreed to sell most of its TV assets for around $5.3 billion to HSN, owned by cable-TV guru Barry Dillerm creating a new TV giant called USA Networks whose interests will run from home shopping to broadcasting and production.

8. Continuing a long-term strategy, ABB is cutting 10,000 jobs in Europe and America, an 8% reduction, and moving more production to Asia, where a quarter of its orders originated last year. The Swiss-Swedish engineering firm will take a $850 m fourth-quarter restructuring charge, and also issued a profits warning for the year.

* * * After France Telecom's successful partial floatation, the privatization of Telecom Italia got off to a good start. Endesa did less well; the sale of Spain's biggest electricity group was crimped a little by the controversy over Endesa's recent investment in Chile's Enersis.

9. Michael Armstrong, the man who took Hughes Electronics from the shrinking world of defense contracts into the pacier world of satellite communications, has been picked to help the once all-powerful AT&T find its feet again after being swept aside in the fast-changing telecoms business. He takes the job of chairman and chief executive from Robert Allen.

* * * Under the late Roberto Goizueta, chairman of Coca-Cola aft 16 years at the helm brought a firm concentration on soft drinks, an international brand awareness second to none, and a share value soared from $4 billion in 1981 to close to $150 billion.

10.Anglo-Dutch Unilever, the world's biggest ice-cream maker, will break Nestle's hold on the Latin American market with the $930 m purchase of Brazil's Kibon, the country's biggest maker of ice-сгеаm from Philip Morris.

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