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(In this Sept. 11 story corrects paragraph 2 to provide internet security services instead of provide internet). MEXICO CITY (Reuters) - Billionaire Carlos Slim’s America Movil and Mexico’s state oil firm have become embroiled in a public fight over a government contract after the telecommunications giant filed complaints and a legal challenge, saying it unfairly lost the bid. A rival group, including a unit of Mexican broadcaster Grupo Televisa (TLVACPO.MX), won a contract in June for nearly $36 million to provide internet security services to the oil company known as Pemex PEMX.UL.
America Movil (AMXL.MX) had presented a cheaper offer of roughly $24.5 million, a company spokesman said, and went on to file complaints against Pemex, A Pemex spokesman said on Monday that the company expects to respond in several days but has not set an exact date, America Movil, Mexico’s largest internet carrier, and Televisa, the country’s biggest broadcaster, have clashed repeatedly in the Mexican market, An America Movil spokesman said Scitum, a subsidiary of the company’s Telmex unit, began filing buy gold cufflinks complaints in June to Pemex’s internal auditors and audit committee, The company also filed a legal challenge asking that the contract award be suspended while the case is open..
Telmex subsidiary Triara was also part of the America Movil group vying for the contract. The turmoil was first reported by Mexico’s Milenio newspaper late last month, making public the type of legal disputes over Mexico government contracts that are frequent but rarely rise to public attention. Pemex Chief Information Officer Rodrigo Becerra said in an interview that he was content with the tender awarded to Televisa and that Slim’s companies made mistakes in their bid. He added that when his team joined Pemex in 2016, it found an initial set of bidding requirements that could only have been met by one company, Scitum.
“They had some irregularities, They were, we thought, tilted to one provider in particular,” he said, An America Movil spokesman denied that the company made mistakes and said that Pemex alone designed its bidding criteria, Televisa buy gold cufflinks subsidiary Operbes won the internet bid in a consortium with information technology firm TI America, The companies said that technical qualifications outweighed price in winning the Pemex contract, “On occasion, some competitors present proposals that are apparently more competitive on price but do not meet the technological needs,” the companies said in a statement on Thursday..
(Reuters) - Private equity firm Carlyle Group LP (CG.O) is in talks to acquire Sedgwick Claims Management Services Inc, the largest U.S. insurance claims service provider, for more than $6 billion, including debt, people familiar with the matter said on Tuesday. Private equity firms have been prolific investors in businesses that help companies cut costs by outsourcing large parts of their administrative functions, since such operations can generate strong cash flows. A few years after they invest, they seek to sell ownership of those assets at a big profit.
Carlyle has made a higher offer for Sedgwick than buyout firm Hellman & Friedman LLC, a former owner of the company that is also competing to acquire it, the sources said, cautioning that the outcome had not been finalized and no deal is certain, Sedwick’s owners, buyout firm KKR & Co LP (KKR.N), Stone Point Capital and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), are hoping they can clinch a deal as early as buy gold cufflinks this week, the sources said, In an unusual move that limited the participation of investment banks in the deal, KKR’s capital market arm is underwriting a large chuck of the financing for the potential buyer, one of the sources added..
The sources asked not to be identified because the negotiations are confidential. Sedgwick and Carlyle declined to comment, while KKR, Hellman & Friedman, Stone Point and CDPQ did not immediately respond to requests for comment. Founded in 1969, Memphis-based Sedgwick has traditionally focused on claims management, but has been expanding into other areas of risk and benefits solutions in recent years. It now processes claims for a wide range of insurance product lines, including workers’ compensation, general liability and disability.
(Reuters) - Supermarket chain Morrisons is facing equal pay claims worth over 1 billion pounds ($1.30 billion), law firm Leigh Day said on Tuesday, seeking compensation for women who believe they were paid less than men in distribution centers, Leigh Day said in a statement here that Morrisons has around 80,000 store staff eligible to claim, buy gold cufflinks which could result in a bill for back pay of over 1 billion pounds if the retailer's action are found unlawful, The law firm, which is already working on claims on behalf of 30,000 workers in Asda, Sainsbury’s and Tesco Plc said in February that Tesco was facing a potential bill of up to 4 billion pounds in an equal pay claim involving women workers at its British stores..