[7529] The Treasury Select Committee is to launch an inquiry into the planned take-over of Liffe, the London Futures exchange, by Euronext, the alliance of the Paris, Brussels and Amsterdam stock exchanges. The unusual move is thought to have been provoke

[7529] The Treasury Select Committee is to launch an inquiry into the planned take-over of Liffe, the London Futures exchange, by Euronext, the alliance of the Paris, Brussels and Amsterdam stock exchanges. The unusual move is thought to have been provoked by growing concern among committee members about the impact on the City of London of the £555 million cash take-over. The committee will hear evidence from Liffe and Euronext officials on December 13. It will then question officials from the London Stock Exchange, which lost out in the auction for Liffe despite tabling a higher offer. 'Philip Morris switch challenged': Philip Morris, the tobacco company, has become embroiled in a dispute about its proposed name change. Altria Healthcare, a private medical billing company in America, is concerned about Philip Morris's proposed name change to Altria Group. 'It is of great concern to a healthcare business to have a big tobacco and alcohol company wish to adopt an identical name,' Warren Smedley, Altria Healthcare's president, said. Philip Morris said it had conducted all necessary searches and was confident that it was not in breach of any laws and would not confuse Altria Healthcare's customers. 'Philip Morris has become embroiled'. In other words,....

PM has become cheaper.

PM has lost prestige.

PM has become less competitive.

PM has become entangled.