Exclusive: America Movil says has no intention of raising KPN offer
MEXICO CITY (Reuters) – Mexican telecoms firm America Movil on Friday hit out at efforts to make it improve its offer for Dutch peer KPN, saying it had been shown a lack of respect, and had no intention of raising its 7.2 billion-euro ($9.49 billion) b…
Italy’s Banca Marche put under special administration
MILAN (Reuters) – Italian lender Banca Marche has been placed under special administration by the Bank of Italy, becoming the biggest casualty so far of an extended round of balance sheet inspections by the central bank.
Apple rolls out iPhone trade-in program in U.S. stores
SAN FRANCISCO (Reuters) – Apple Inc has launched a trade-in program in its U.S. retail stores for older models of its iPhone as it gears up for the launch of a new version of the smartphone, it said on Friday.
America Movil threatens to abandon KPN takeover bid
BRUSSELS (Reuters) – America Movil threatened to abandon its 7.2 billion euro ($9.5 billion) bid for Dutch telecommunications group KPN on Friday after a company foundation told the Mexican firm to make a better offer or it would veto the bid.
Ansaldo Breda says ready for legal action over rail deal
MILAN (Reuters) – Train manufacturer Ansaldo Breda, a unit of Italian defence company Finmeccanica , said it was ready to take legal action against Dutch railways group Nederlandse Spoorwegen (NS) for cancelling a 300 million euro contract.
Trial date of November 25 set for U.S. challenge to AMR-US Airways merger
WASHINGTON (Reuters) – A federal judge on Friday set a tentative November 25 trial date for the U.S. government’s legal challenge to the merger of American Airlines and U.S. Airways Group Inc .
Vodafone investors split on best use of Verizon windfall
LONDON (Reuters) – Top investors in Vodafone Group are set to clash over what the company should do with perhaps as much as $130 billion in proceeds from the sale of its stake in Verizon Wireless, which is expected to be announced imminently.
GE plans to exit U.S. retail lending
(Reuters) – General Electric Co plans to spin off the U.S. consumer lending operations of its finance arm GE Capital, as the conglomerate moves to focus on its core industrial operations, a person familiar with the matter said.
Weak spending, inflation data point to soft U.S. economy
WASHINGTON (Reuters) – U.S. consumer spending barely rose and inflation was tame in July, offering a cautionary note on the economy as the Federal Reserve weighs cutting back its massive bond-buying program.
Bombardier’s CSeries aircraft receives flight test permit
TORONTO (Reuters) – Bombardier Inc said on Friday its CSeries aircraft had received a flight test permit from Transport Canada, paving the way for the delayed maiden flight of the narrow-body jet.
