Vodafone agrees $10 billion Kabel Deutschland deal
LONDON/FRANKFURT (Reuters) – Vodafone has agreed to buy Germany’s largest cable operator Kabel Deutschland for 7.7 billion euros ($10 billion), adding TV and fixed-line services to help defend against mounting competition in its most important market.
Pfizer says shareholders snap up remaining Zoetis shares
(Reuters) – Pfizer Inc on Monday said it would complete the spinoff of its Zoetis Inc animal health business after investors offered to trade their Pfizer shares for the company’s remaining majority stake in the unit.
Financial crises may call for easier monetary policies: Fed’s Dudley
(Reuters) – Monetary policies may need to be “more accommodative than otherwise” in the wake of financial crises that impair a central bank’s ability to nurture the real economy, an influential Federal Reserve policymaker argued on Monday.
Nigeria arrests workers at Shell contractors over pipeline fire
YENAGOA, Nigeria (Reuters) – Nigerian soldiers have arrested eight people working for companies contracted by Royal Dutch Shell , military authorities said, following a pipeline fire that the company blamed on damage caused by oil thieves.
Advertising spreads onto landmarks in crisis-hit Spain
MADRID (Reuters) – Big business is taking advantage of recession-hit Spain’s hunger for cash, striking advertising deals for landmarks that have seen a Christopher Columbus statue dressed in a Barcelona soccer shirt and a metro station named after a te…
EU clears ICE’s $8.2 billion takeover of NYSE Euronext without conditions
BRUSSELS (Reuters) – The European Commission gave unconditional approval to IntercontinentalExchange (ICE) to buy NYSE Euronext for $8.2 billion on Monday, a deal that strengthens ICE’s presence in the lucrative derivatives trading business.
Germany’s Duerr sees auto investment climate improving
STUTTGART, Germany (Reuters) – Germany’s Duerr AG , which supplies paintshops to carmakers, may increase its full-year targets later this year thanks to booming business in China and the United States.
Delta, Virgin Atlantic to cross-sell tickets
(Reuters) – Delta Air Lines said on Monday that it has completed its purchase of a 49 percent stake in British airline Virgin Atlantic and added the two carriers plan to start cross-selling seats on each other’s flights in July.
Erste cash call U-turn, profit forecast cut roils shares
VIENNA (Reuters) – Erste Group Bank on Monday reversed guidance from just two months ago, saying it plans a cash call to help repay emergency state funding and that operating profit will fall this year rather than hold steady.
World Bank urged to stop ranking countries on ease of doing business
LONDON (Reuters) – An independent panel set up by the World Bank to look at the validity of one of its highest profile country reports said on Monday the Bank should stop producing headline rankings because they may be misleading.
