Deutsche Telekom was cleared of any wrongdoing in lawsuit filed by Kabel Deutschland. Deutsche Telekom emerged victorious when a Frankfurt court dismissed an overcharging case filed against the telecommunications company.
Investors
China continues crackdown on corruption
China's corruption goes on overdrive with PetroChina officials falling in its wake. In a widening effort to push its anti-corruption campaign, China has included the country's most valuable company in its dragnet.
Barclays’s Azar sees Middle East transactions driven by sovereign funds
Mergers and acquisition in the Middle East would be driven by regional transactions and sovereign wealth funds, aaccording to Barclays Vice Chairman of Investment Banking Makram Azar.
Holcim and Cemex discussing possible means to address difficulties both face in Europe
Holcim would pay Cemex to absorb some of its businesses in Europe. Holcim, the Swiss cement maker, is planing to exchange assets and combine others with Cemex, its Mexican competitor in Europe.
Consortium bids for Simcere Pharma Group
Simcere founder with the firm's CEO formed a consortium to bid for the purchase of Simcere Pharmaceutical Group.
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Seadrill would be expecting soaring profits in the next few years as energy companies venture into difficult waters.
The Thai government would be looking to appeal Philip Morris International Inc's victory in tobacco case requiring larger health warnings on cigarette packs.
Three Suntech Power Holdings Co Ltd directors resigned amid the company's struggling financial difficulties.
A PricewaterhouseCoopers (PwC) pension fund had been talking with CA Immo on buying a stake in Tower 185, Germany's fourth-tallest skyscraper.
Standard and Poor's (S&P) had concluded that Playboy Enterprises Inc would likely be under pressure from its USD185 million loan-covenant to reduce its loans and increase its earnings.
Styrolution Group Chief Executive Officer Roberto Gualdoni had said that joint venture company Styrolution Group could hold an IPO in two years.
A 2009 lawsuit brought against Charles Schwab & Co Inc had been revived by a New York state appeals court.
A source told Reuters that JPMorgan has bee pressured by finance authorities to settle at least USD6 billion in mortgage claims.
Crowdfunding sites like Kickstarter would now be used by entrepreneurs to find testers for their products.
