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France Telecom Ends Deal Talks With TeliaSonera
PARIS — France Telecom SA (EPA:FTE) Monday said it has abandoned its approach to acquire TeliaSonera AB (STO:TLSN() after failing to reach an agreement on financial terms with the Nordic operator’s board.
Stock Futures Swoon As Oil Prices Soar
U.S. stock markets look set Monday to extend last week’s declines, as surging commodity prices and inflation concerns continue to dog investors.
Tech Giants Join Together To Head Off Patent Suits
Several tech-industry heavyweights are banding together to defend themselves against patent-infringement lawsuits. Their plan: to buy up key intellectual property before it falls into the hands of parties that could use it against them, say people familiar with the matter.
Fortis Snares $630 Million Infusion From Russian Investor
In a sign that banks are looking beyond Asian and Middle Eastern investors for help, Dutch-Belgian bank Fortis NV (EBR:FORB) is tapping Russian billionaire Suleiman Kerimov for a €400 million, or about $630 million, capital injection, according to people familiar with the matter.
Bank for International Settlements Sees Economy Near ‘Tipping Point’
BASEL, Switzerland — The global economy may be close to a “tipping point” that could see it enter a slowdown so severe that it transforms the current period of rising inflation into a period of falling prices, the Bank for International Settlements said Monday.
Euro-Zone Inflation Hits Record 4%
BRUSSELS — Yearly inflation in euro-zone countries hit a record 4% in June, the EU statistics agency Eurostat said Monday.
Anheuser-Busch Projects Charge From Early Retirement Program
Anheuser-Busch Cos. (NYSE:BUD) projected a $300 million to $400 million charge in the fourth quarter from a planned early-retirement program announced last week, an effort intended in part to keep shareholders on its side as a buyout fight with InBev NV (EBR:INB) gears up.
CME to Drop New York Stock Exchange Listing, Stay on Nasdaq
June 30 (Bloomberg) — CME Group Inc., (NYSE:CME) the world’s largest exchange by market value, will move to a single listing on Nasdaq OMX Group Inc., dropping the New York Stock Exchange.
Trichet Backs Inflation Hawks, Risking Weaker Growth
June 30 (Bloomberg) — For all his talk of consensus, European Central Bank President Jean-Claude Trichet is having to acknowledge he can’t please all of the people all of the time.
HR Block Has First Profit Since 2006 After Unit Sale
June 30 (Bloomberg) — HR Block Inc., (NYSE:HRB) the biggest U.S. tax preparer, reported its first quarterly profit in two years after selling its loan-servicing unit to Wilbur Ross’s firm. The company gained 9.3 percent in early trading after boosting its dividend and announcing a $2 billion share repurchase plan.
