Vodafone close to deal to buy Spain’s Ono: sources
MADRID/LONDON (Reuters) – Shareholders of telecommunications company Ono are close to agreeing a deal with Britain’s Vodafone which has offered to buy the Spanish group for about 7.2 billion euros ($10 billion) including debt, two sources familiar with…
U.S. consumer sentiment slips; bad weather eyed
WASHINGTON (Reuters) – U.S. consumer sentiment weakened in early March as an unusually harsh winter appeared to dim views on the economy’s prospects.
Banks to be hit with Microsoft costs for running outdated ATMs
LONDON/NEW YORK (Reuters) – Banks around the world, consumed with meeting more stringent capital regulations, will miss a deadline to upgrade outdated software for automated teller machines (ATMs) and face additional costs to Microsoft to keep them sec…
UniCredit could spend up to $14 billion to buy state debts to firms
MILAN/ROME (Reuters) – UniCredit could spend up to 10 billion euros ($14 billion) to take on payments owed to companies by Italy’s public administration, the bank’s chief executive said in a newspaper interview on Friday.
Berkshire’s Buffett says firm has cut U.S. catastrophe insurance
NEW YORK (Reuters) – Berkshire Hathaway chairman and chief executive Warren Buffett said on Friday that his firm had eliminated most of its catastrophe insurance business in the United States.
Ford Europe sales up 11.6 percent in February on compact, SUV demand
FRANKFURT (Reuters) – Ford increased European car sales by 11.6 percent in February, the brand’s ninth straight monthly gain, fueled by demand for compact vehicles and SUVs.
U.S. consumer sentiment edges lower in March
NEW YORK (Reuters) – Consumer sentiment dipped modestly in early March, entirely due to reduced expectations for the future, a survey said on Friday.
Vivendi to enter exclusive talks with Numericable on SFR
PARIS (Reuters) – Vivendi said on Friday that it would enter exclusive talks to sell its SFR telecom unit to Altice , the parent company of French cable group Numericable .
Barclays reviews investment bank, more cuts expected
(Reuters) – Barclays has launched the third review of its investment bank in as many years, and is likely to cut more jobs and business areas as it battles to improve profitability, people familiar with the matter said.
VW’s Skoda to produce new model at one of its Czech plant
PRAGUE (Reuters) – Volkswagen’s Czech carmaker Skoda Auto will produce a new model at its Kvasiny plant, one of three it operates in the central European country, Skoda said on Friday in a statement that did not name the next make.
