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Schering Embraces $19.6B Bid by Bayer
YAHOO
AP - Bayer AG's 16.3 billion euro ($19.6 billion) offer for drugmaker Schering AG was embraced enthusiastically by its target Friday as German rival Merck abandoned its own takeover offer.
Bayer Makes $19.5B Offer for Schering
YAHOO
AP - German pharmaceutical and chemical company Bayer AG said Thursday it would make a 16.3 billion euro ($19.5 billion) white-knight offer for Schering AG, bidding against a hostile takeover effort from Merck KgA.
Japanese Stocks Lower; Dollar Slips
YAHOO
AP - Japan's benchmark Nikkei stock index opened lower Wednesday on selling in securities house and pharmaceutical issues. The dollar slipped against the yen and euro.
Italians to See Mussolini's Secret Bunkers
YAHOO
AP - The 19th-century villa of Italian dictator Benito Mussolini opens to the public for the first time Wednesday, allowing visitors to see his elegant frescoes and lavish chandeliers — and the hidden bunkers and anti-gas chamber he could hide out in.
Mittal worried about Arcelor's plan to spoil bid
YAHOO
Reuters - The chief executive of the world's biggest steel maker Mittal Steel Lakshmi Mittal said he was really worried by a plan by Arcelor management to spoil his 19 billion euro takeover bid.
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Japanese Stocks Higher; Dollar Climbs
YAHOO
AP - Japanese stocks rose in early trading Friday, rebounding from the previous day's decline in a broad-based rally. The dollar was higher against the yen and euro.
Sources: YAHOO
Lithuania Seeks to Adopt Euro in 2007
YAHOO
AP - Lithuania on Thursday formally applied to the European Union to adopt Europe's common currency next year and the EU Commission said it will reply on May 16.
Sources: YAHOO
Inflation Slows Sharply in February
YAHOO
AP - Inflation slowed sharply in February as food costs moderated and the price of gasoline, natural gas and other energy products posted big declines.
Sources: YAHOO
Belarus blocks EU monitors' entry
BBC
Euro MPs abandon plans to monitor the presidential election in Belarus after they are refused visas.
Sources: BBC
Dollar falls after weak US data
YAHOO
AFP - The dollar skidded lower after news of a record US current account deficit and a weaker-than-expected retail sales report for February that diminished prospects for US rate hikes.
Sources: YAHOO
Dollar Lower Against Euro
YAHOO
AP - The dollar edged lower against the euro Tuesday as new data showed the U.S. current account deficit rose to an all-time high last year and February retail sales fell.
Sources: YAHOO
Schering's Board to Discuss Merck's Bid
YAHOO
AP - German drugmakers Merck KGaA and Schering AG sparred Tuesday over Merck's unsolicited 14.9 billion euro ($17.7 billion) takeover that would, if successful, create Germany's second-biggest pharmaceutical company.
Sources: YAHOO
Dollar mixed before US data
YAHOO
AFP - The dollar steadied against the euro and dipped against the yen before publication of US current account and retail sales data.
Sources: YAHOO
Major currencies rangebound; pound up on dollar, euro
YAHOO
AFP - Major currencies remained stuck in narrow ranges against each other, reflecting a quiet start to the week and ahead of some key US data in the coming days.
Sources: YAHOO
Schering Shares Soar on Merck Buyout Offer
YAHOO
AP - Shares of Schering AG soared 26 percent Monday after rival German drugmaker Merck KGaA's unsolicited offer to buy the company for 14.6 billion euros ($17.4 billion).
Sources: YAHOO
Boro spring Euro shock on Roma
YAHOO
AFP - Middlesbrough dashed Roma's 16-game unbeaten run in the UEFA Cup, an Aiyegbeni Yakubu penalty sealing the English Premiership side's 1-0 win at a rain-soaked Riverside.
Sources: YAHOO
Football: Scots' fixtures confirmed
BBC
Scotland open their Euro 2008 qualifying campaign at home to the Faroe Islands on 2 September.
Sources: BBC
France's Carrefour Reports Profit Drop
YAHOO
AP - Carrefour SA, the world's second-largest retailer, reported a 16 percent drop in net income in 2005 due to one-time charges, but said it will spend 10 billion euros ($11.9 billion) over the next three years to open up new stores and strengthen its brand name.
Sources: YAHOO
Benitez spares strikers blame for Liverpool Euro nightmare
YAHOO
AFP - Rafael Benitez refused to point the finger at his misfiring strikers after Liverpool's defence of their Champions League title ended in a flurry of squandered chances.
Sources: YAHOO
Japanese Stocks Edge Higher; Dollar Falls
YAHOO
AP - Japanese stocks edged higher Thursday as investors awaited results from a two-day Bank of Japan meeting that could mark the end of the central bank's super-easy monetary policy. The dollar was lower against the yen and euro.
Sources: YAHOO
Gunners left to carry English Euro flag
YAHOO
AFP - Arsenal will be the Premiership's sole representatives in the quarter-finals of the Champions League after Wednesday's goalless draw at Highbury completed a 1-0 aggregate victory over Real Madrid.
Sources: YAHOO
Enel seen pursuing 40 bln-euro Suez bid: report
YAHOO
Reuters - Italian power company Enel plans to go ahead with a nearly 40 billion euro ($48 billion) bid for French utility Suez , the Wall Street Journal reported on Wednesday, citing people close to Enel.
Sources: YAHOO
Tanzi Feels 'Remorse' for Parmalat Scandal
YAHOO
AP - Parmalat's founder and former chairman testified at his own trial for the first time Tuesday, asking for forgiveness from all those hurt by fraud at the Italian dairy giant while blaming national and international banks for contributing to its downfall.
Sources: YAHOO
Pounds stable against euro, dollar
YAHOO
AFP - The pound held its ground against the leading currencies despite a somewhat depressing survey of the retail sector.
Sources: YAHOO
Bayer Says 4Q Profit Fell 33 Percent
YAHOO
AP - German drugmaker Bayer AG said Monday its fourth-quarter profit fell 33 percent after it set aside 275 million euros ($330.5 million) to settle claims that it colluded on prices of rubber and plastic in the U.S.
Sources: YAHOO
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