Vodafone urges Kabel shareholders to accept $10 billion bid
FRANKFURT/LONDON (Reuters) – Vodafone urged Kabel Deutschland shareholders to accept its 7.7 billion euro ($10.1 billion) offer, warning the bid would lapse if less than three quarters of them agree to sell Germany’s largest cable operator by Wednesday…
SunEdison to divest semiconductor business through $250 million IPO
(Reuters) – SunEdison Inc filed to spin off its semiconductor unit, SunEdison Semiconductor, through an initial public offering of up to $250 million, as the company looks to focus on its high-margin solar power business.
Manufacturers see continued growth; government policy a worry: survey
NEW YORK (Reuters) – U.S. manufacturers are “cautiously optimistic” that growth will continue this year amid an uptick in sales and production, though many cite uncertainty over U.S. government policy as a concern, according to a survey from the Nation…
Exclusive: Japan regulator probing Deutsche Bank entertainment of pension clients – sources
TOKYO (Reuters) – Japan’s securities market watchdog is investigating whether Deutsche Bank AG employees provided excessive entertainment to Japanese pension fund executives in breach of regulations, sources with knowledge of the matter said.
Sony pins hopes for profit on PlayStation 4, sets February 22 launch in Japan
TOKYO (Reuters) – Sony Corp announced the Japanese release of its PlayStation 4 on Monday as the electronics maker braces for a console war with Microsoft Corp that could make or break the Japanese firm’s struggle to return to profit.
Google offers new concessions to avoid fine in EU antitrust case
BRUSSELS (Reuters) – Google has offered further concessions aimed at ending a three-year investigation into complaints it was blocking competitors and to avert a possible $5 billion fine, the European Commission said on Monday.
Big reinsurers shrug off competition from pension funds
FRANKFURT/ZURICH (Reuters) – The world’s top reinsurers have shrugged off a growing incursion by pension funds into their business, saying the competition was narrowly focused and possibly of limited duration.
Deloitte fined 14 million pounds over MG Rover advice
LONDON (Reuters) – Accountancy firm Deloitte has been fined a record 14 million pounds ($22 million) for failing to manage conflicts of interest in its advice to collapsed British carmaker MG Rover Group.
Greek industrial output falls 8.1 percent in July
ATHENS (Reuters) – Greek industrial output fell 8.1 percent year-on-year in July after an upwardly revised 0.6 percent rise in the previous month, the country’s statistics service ELSTAT said on Monday.
China data lifts global shares, doubts creep in over Fed
LONDON (Reuters) – An upswing in Chinese exports lifted world equity markets on Monday, though worries about Syria and uncertainty over when and by how much the U.S. central bank will cut its stimulus program saw investors hedge their bets.
