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Reader’s Digest chairman receives $54m package eFinancial News The outgoing chairman of Reader’s Digest Association, owner of the world’s largest circulation magazine, is to receive a payout worth $54m (€41m) after the company agreed to a takeover by a private equity consortium this month. Reader’s Digest chairman set for $54m payout eFinancial News The outgoing chairman of Reader’s Digest Association , owner of the world’s largest circulation magazine, is to receive severance payments worth $54m (€41m) after the company agreed to be bought by a private equity consortium this month. Best Ever Net Additions for Pakistan Cellular-News.com Mobile customers in Pakistan grew in number to 44.35m at the end of October from 41.46m at the end of September, leaving net additions for the month at 2.89m - the best ever in the history of the market. 6% of Botswana budget to Aids News 24 South Africa Botswana is currently spending 6% of its national budget to fight HIV/Aids and international donors contribute the equivalent of a further 1%. MyTravel may buy up First Choice ic CheshireOnline TOUR operator MyTravel is said to be in talks about buying the mainstream holidays arm of rival firm First Choice. 2.5m customers on holiday every year, would allow First Choice to concentrate on its operations providing specialist trips and activity breaks. MyTravel in talks on First Choice deal Times Online THE British tour operator MyTravel is in talks with rival First Choice that could lead to a huge reshaping of the British package holiday market. MyTravel wants to buy First Choice’s main package holiday operation, leaving First Choice to concentrate on specialist and activity breaks. “Preposterous plan to create additional sculptures,” says rival PaceWildenstein Art Newspaper PARIS. A furious row has broken out after the Alberto and Annette Giacometti Foundation announced that it had selected the dealer Larry Gagosian to sell a group of 119 Giacometti sculptures and prints, in a deal believed to be worth about E45m ($54m). Kavya, Natasha sparkle Deccan Herald The going was good for Karnataka on Saturday as Kavya Muthanna and Natasha Sagar bagged gold in the girls’ under-20 high jump and U-18 long jump events respectively on the first day of the 22nd Junior National athletic championship at the Sree Kanteerava stadium here on Saturday. Glasgow trust attracts more than £18m The Herald Glasgow Income Trust said yesterday it had raised more than £18m through a share placing and offer – propelling its net assets through the £100m barrier to £108m. SIBUR posts net loss RosBusinessConsulting RBC, 22.11.2006, Moscow 16:48:03. AK SIBUR registered a net loss of RUR147.7m (approx. USD5.54m) under Russian Accounting Standards (RAS) for the first nine months of 2006 compared to a net profit of RUR9.1bn (approx. USD341m) in the same period a year earlier, the company's statement reads.
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