The New York Times reports that Borse Dubai has been given the approval in a joint bid to own OMX, the Nordic stock market operator. On October 9, PRWeek reported on Levick Communications providing strategic communications services to Borse Dubai to help the stock market organization purchase a stake in the NASDAQ and other global stock exchanges.
“Sweden's financial regulator has given Gulf-based Borse Dubai approval to own OMX, the Nordic stock market operator, bringing Nasdaq's joint $4.9 billion bid to acquire OMX with Borse Dubai a significant step closer. The Financial Supervisory Authority said Borse Dubai would make a “fit and proper” owner of OMX - approval that is required by law if ownership of any Swedish industry considered strategic surpasses 10 percent. Nasdaq has already been approved. The joint bid for OMX is part of a complex arrangement announced by Nasdaq and Borse Dubai in September. The deal gives Dubai a stake of 20 percent to 30 percent in Nasdaq, the largest electronic stock market in America, and about 30 percent in the London Stock Exchange, part of stake previously held by Nasdaq.”
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This week's issue's front page story focused on NBC Universal's ground-breaking Green Week. The LA Times says that the initiative was overshadowed by the long-anticipated writer's strike.
After the FEMA fiasco, the agency received harsh criticism from the media, which forced itself to undergo a thorough internal review, as PRWeek reported. But in the midst of cleaning up the negative image, FEMA has been given good marks by the Southern California fire victims.
PRWeek previously did a corporate profile of the campaign Divided We Fail, which promotes affordable healthcare and long-term financial security for all Americans. Now, it seems as though Hollywood execs and actors are getting in on the act, joining the AARP-led Divided We Fail movement to help bring attention to the related issues. On November 12, AARP announced the new partnership with the Entertainment Industry Foundation (EIF) and the Motion Picture and Television Fund (MPTF).
