Europe
BP to Pay $7 Billion for Devon's Assets in Gulf of Mexico, Brazil, Caspian BP Plc, Europe’s largest oil and
gas company, will pay Devon Energy Corp. $7 billion for assets
in Brazil, the Gulf of Mexico and Azerbaijan, adding fields that
may extend its production lead over Exxon Mobil Corp.
BMW to Maintain Dividend as Full-Year Net Income Falls Less Than Estimated Bayerische Motoren Werke AG, the
world’s largest manufacturer of luxury cars, reported a full-
year profit that beat analysts’ estimates and announced a
bigger-than-expected dividend, sending the shares as much as 3.1
percent higher.
European Stocks Fluctuate; BHP Billiton, Lagardere Drop, Volkswagen Gains European stocks fluctuated as
basic-resource producers fell on speculation rising inflation
will prompt China to pare back stimulus measures, offsetting a
rally by auto shares. Asian equities gained.
HSBC Private Bank Suisse Says `Serious' Data Theft Affects 15,000 Accounts HSBC Holdings Plc’s Swiss private
bank said it suffered “serious data theft” affecting about
15,000 Swiss-based accounts.
Airline Loss Estimate Halved to $2.8 Billion This Year on Traffic Rebound Airlines worldwide will lose a
collective $2.8 billion this year, half the previous forecast,
as emerging markets lead a rebound in traffic, the International
Air Transport Association said today.
Swiss Central Bank May Keep Key Rate Unchanged As Economy Gains Strength The Swiss central bank may leave
its benchmark interest rate near zero today to bolster a
recovery from the worst recession in more than three decades.
Volkswagen Targets Second Year of Record Sales After 27% Two-Month Surge Volkswagen AG, Europe’s largest
automaker, is targeting a second consecutive record in global
deliveries this year after two-month sales surged 27 percent,
helped by growing demand in emerging markets.
Solar Prospectors Chase `Gold Mine' Deals in Chinese, Israeli Subsidies Olivier de Vergnies quit managing
family fortunes at Dexia Private Bank (Switzerland) Ltd. in 2008
to run a New York start-up at 100 Wall St. that’s trying to tap
riches in solar energy.
Lagardere Slumps After Full-Year Earnings Fall Short of Analyst Estimates Lagardere SCA shares slumped after
full-year earnings fell short of analyst estimates.
Greece Paralyzed by Strikes as Unions Protest Against Plan to Cut Deficit Greece’s hospitals, airports and
schools were shut today as unions stage the second general
strike this year to protest Prime Minister George Papandreou’s
latest budget cuts to curb the European Union’s biggest deficit.
Putin Visits India in Race With U.S., Europe for Arms, Nuclear Agreements Russian Prime Minister Vladimir
Putin arrives in New Delhi tonight to fend off competition from
the U.S. and Europe to supply arms and nuclear energy to India.
British Airways Lurches Closer to Cabin Crew Strike as Union Talks Fail British Airways Plc’s 12,000 flight
attendants moved closer to a strike after talks with Europe’s
third-largest airline over pay cuts broke down.
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