The government of France had taken plans to pay debts incurred from the collapse of Credit Lyonnais, said a Reuters report.
Investors
Deutsche Telekom acquires GTS from private equity companies
Deutsche Telekom would be buying GTS Central Europe from private equity firms in a EUR 546 million transaction.
All eyes on the Fed next week for tapering signs
A Reuters report said a change in the US Federal Reserve's bond-buying program might come out from its officials as several of them, including vice chair Janet Yellen, would have speaking engagements next week.
Department of Transportation imposes USD1.2 million fine on US Airways over disabilities services
US Department of Transportation found that US Airways Group was guilty of not providing standard disability services to its passengers.
Reduction of airport slots key to address antitrust claim levied against AMR-US Airways merger
US Justice Department's condition to AMR Corp and US Airways to lift the former's lawsuit could further delay merger plans.
Latest News
Although US Federal Reserve Vice Chair Janet Yellen would be getting a backlash in the Senate due to her employer's bond-buying program, Louisiana Republican David Vitter was confident Yellen would replace Fed Chairman Ben Bernanke.
Lulu Hypermarkets chief executive officer Yusuffali M.A. said his company would be entering in expanding in emerging markets and create new ones in the Middle East and Asia.
Air Seychelles announced its record growth of its international business, thanks to its popular Abu Dhabi route.
As the process to close the Fiat-Chrysler merger ongoing, automotive news site Autocar observed that Fiat had stopped its development plans on its Alfa Romeo vehicle series.
Prefundia's crowdfunding platform would now be accepting project proposals from the public. According to a report by tech news site Techcrunch, crowdfunding platform Prefundia was now opening its doors to the public after three months in beta.
The Central Bank of Ireland assured the public that it had been pursuing an alternate solution to bail out Newbridge Credit Union after talks of a merger with Naas Credit Union had failed.
Chairman emeritus and ex-chief executive of Orrick Ralph Baxter confirmed that his law firm Orrick, Herrington & Sutcliffe LLP and Pillsbury Winthrop Shaw Pittman LLP had been in negotiations to decide on a potential merger.
A Forbes contributing article by an economist said Twitter's massive hype could not save itself from faring better on the stock market in the long-run.
Germany's coalition government formalized a measure to provide funds and expertise for a European bank to manage the loan agreements and if necessitated, closure of banks.
