Nokia also renamed its Executive Board as its new Leadership Team, consisting of executives including Mary McDowell and Niklas Savander.

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However, BBC London learned that the successful University of East London bid, now also renamed the Capital Men project, was drafted by the same Dr Ian Joseph of Eastside who since January 2011 has been employed as a research fellow at the university.

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Last year's race was also hit by a controversy after Investec Loyal (now renamed Ragamuffin Loyal) pipped Wild Oats XI for line honors in a dramatic finish in Tasmania.

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But since European governing body UEFA altered the format in 1992, and renamed the competition 'the Champions League' to also incorporate second, third and, in some cases, fourth placed terms from their respective domestic leagues, the world-wide interest, profile and TV revenue the competition generates has reached new and unparallelled heights.

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Outside of the oil patch, the gurus also put in bids for shares of Escala Group, the newly-renamed Greg Manning Auctions.

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Lord Steel, who still lives in the area, also hopes the rail line will improve tourism and thinks Tweedbank station should be renamed Abbotsford to mark its proximity to the former home of Scottish writer Sir Walter Scott.

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The British government has also implemented a huge reform of the former Royal Ulster Constabulary, which has now been renamed the Police Service of Northern Ireland.

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PalmSource was acquired by Access Systems, and renamed itself ACCESS. Private equity firm Elevation Partners bought a stake in Palm Inc (they also own a share of Forbes Media) and then eventually Palm was sold in its entirety to Hewlett-Packard.

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