Marwan Lahoud said that EADS is undertaking restructuring in order to become the leading company in the civil aerospace industry.
Europe
Ackermann to step down from Siemens board - reports
Various reports cited sources who said that Former Deutsche Bank AG Chief Executive Officer Josef Ackermann would be stepping down from his post in Siemens AG as deputy chairman of the supervisory board.
Basel IV requirements would need another GBP50 billion for compliance
UK banks would need another GBP50 billion on top of GBP13.7 billion to comply with both Basel III and Basel IV.
KPN announces ongoing talks with America Movil on takeover, outcome unclear
KPN's negotiations with America Movil regarding the EUR7.2 billion or USD9.58 million bid remained to be over.
EU aims to restructure telecoms market
EU submits a list of proposals aimed to improve the EU telecommunications industry. In its newest attempt to overhaul the European Union's telecommunications industry, a proposal to place a price cap on cross border phone calls in Europe was made.
Latest News
The complications arise from the current bid by Vodafone Group Plc because of the increased shareholdings of Elliot Management Corp in Kabel Deutschland.
Investors of Deutsche Bank would be voting for the tenure extension of co-chief executive Jürgen Fitschen to end March 31, 2017.
Skuldtech announced that it had secured additional funding from Bpifrance worth EUR 1 million to develop a new therapy for Alzheimer's.
La Française announced that it had entered into a strategic partnership with global real estate investment management firm Forum Partners.
Vodafone Group has only a few hours left to acquire 75% of Kabel Deutschland's shares to tender its EUR7.7 billion or USD10.2 billion offer.
Nickel producer Norilsk denied reports that it would be acquiring a stake in potash firm Uralkali. Norilsk Nickel said it was not interested in acquiring a stake in Uralkali.
In an interview with Bloomberg News, China's richest man Wang Jianlin has hired two investment banks to assist his company in planned acquisitions of hotel management companies in the US and London.
French billionaire Vincent Bollore is Vivendi's largest shareholder and is not seeking a paying position in the French conglomerate.
According to reports by the Wall Street Journal and Reuters, Norilsk Nickel could place a bid to acquire a 21.75% in billionaire Suleiman Kerimov- helmed potash company Uralkali.
