Deutsche Bank prepares to price new shares at big discount
FRANKFURT (Reuters) – Deutsche Bank will price an 8 billion euro ($11 billion) capital increase on Wednesday, likely at a big discount, to fortify its balance sheet ahead of regulatory checks and to complete a costly restructuring.
Facebook acquires mobile data plan firm Pryte
SAN FRANCISCO (Reuters) – Facebook Inc is acquiring Pryte, a Finnish company that aims to make it easier for mobile phone users in under-developed parts of the world to use wireless Internet apps.
Pilgrim’s Pride tops Tyson Foods’ offer for Hillshire
(Reuters) – Pilgrim’s Pride Corp PPC.O, the second largest U.S. chicken processor, raised its offer for Hillshire Brands Co HSH.N, escalating a bidding war with Tyson Foods Inc for the maker of Jimmy Dean sausages.
EU court opinion supports Austrian Airlines unions
VIENNA (Reuters) – A top legal official at the European Court of Justice advised judges on Tuesday to rule that old Austrian Airlines collective wage agreements are valid until a new one is agreed.
Europe stocks dip, euro gains as ECB seen poised to act
LONDON, (Reuters) – European shares dipped on Tuesday and the euro edged higher against the dollar after a fall in euro zone inflation cemented the case for the European Central Bank to ease monetary policy later this week.
With euro zone inflation disappearing, ECB poised to act
BRUSSELS (Reuters) – Euro zone inflation fell unexpectedly in May, all-but sealing the case for the European Central Bank to act this week with a batch of measures to stimulate the economy and keep it from the clutches of deflation. Annual consumer inf…
Alitalia job cuts seen at 2,400-2,500: labor minister
MILAN (Reuters) – Italy’s labor minister said on Tuesday he sees job cuts at Alitalia reaching 2,400-2,500 as the loss-making airline negotiates an investment by Abut Dhabi-based Etihad Airways.
Glencore to cut 124 jobs at Namibia zinc and lead mine
LONDON (Reuters) – Global mining and commodity trading company Glencore said it was cutting 124 jobs, or about 20 percent of the staff, at its Rosh Pinah zinc and lead mine in Namibia to control costs.
Barclays cuts several hundred investment bank jobs: sources
LONDON (Reuters) – Barclays Plc has this week cut several hundred jobs in its investment bank as part of its plan to shrink the business by 7,000 staff over the next three years to save costs, people familiar with the matter said.
Apple allows ‘approved’ virtual currencies in Apps
(Reuters) – Apple Inc will let software developers include virtual-currency transactions in their applications, paving the way for new forms of money to appear on iPhones and iPads.
