BUSINESS

Deutsche Bank considers share sale: report Posted September 9, 2010

A branch of Germany's largest business bank Deutsche Bank AG is seen downtown Frankfurt

NEW YORK (Reuters) - Deutsche Bank AG <DBKGn.DE> is considering a stock sale to raise up to 9 billion euros ($11.4 billion), Bloomberg reported on Thursday citing three sources. The German bank has reportedly approached investment banks to gauge their interest in managing the stock sale, the sources said ...More

Ford summons dealers to discuss Lincoln's future Posted September 9, 2010

DETROIT (Reuters) - Ford Motor Co <F.N> will host a meeting for its Lincoln dealers in early October to discuss its plans for re-energizing a brand that has long trailed luxury market competitors such as Cadillac and Mercedes. The meeting set for October 4 at Ford's Dearborn, Michigan, headquarters ...More

Foster's mystery wine suitor was Cerberus: source Posted September 9, 2010

NEW YORK/MELBOURNE (Reuters) - Cerberus Capital Management <CBS.UL> was the mystery firm that was interested in the wine business of Foster's Group Ltd <FGL.AX>, a source briefed on the situation said, confirming a report on Wednesday by The Australian newspaper. Foster's, Australia's largest brewer, said ...More

As Wall Street Sheriff, Coffey would be discreet Posted September 9, 2010

New York state attorney general candidate Coffey speaks during an interview at Reuters in New York

NEW YORK (Reuters) - New York state attorney general candidate Sean Coffey on Thursday said he was the only contender qualified to police Wall Street and called Democratic rivals career politicians fixated on becoming governor. Coffey is one of five Democrats seeking the nomination to succeed Andrew Cuomo and Eliot Spitzer ...More

Dealers Blame "Cash for Clunkers" For Shortage of Good Used Cars Posted September 9, 2010

MADISON, Wis. (WTAQ) - It’s been over a year since the federal “Cash for Clunkers” program gave a boost to new car sales. But now, some are blaming the program for a shortage of high-quality used cars. “Cash for Clunkers” offered up to $4,500 toward the purchase of a ...More

Sanofi sticks to $69 per share Genzyme offer Posted September 9, 2010

PARIS (Reuters) - French drugmaker Sanofi-Aventis <SASY.PA> poured cold water on reports it had raised its offer for Genzyme <GENZ.O>, saying it was sticking to its bid of $18.5 billion, or $69 per share. "There is one offer, at $69 a share," spokeman Jean-Marc Podvin said on Thursday ...More

McDonald's France lags in August, shares fall Posted September 9, 2010

McDonald's product is pictured in a restaurant in Washington

LOS ANGELES/CHICAGO (Reuters) - McDonald's Corp's <MCD.N> European sales growth fell in August from the sizzling levels it experienced for much of the year due to weakness in France, which generates the company's biggest European sales, and its shares fell nearly 3 percent. The world's ...More

Bank of England holds rates at 0.5 percent Posted September 9, 2010

A man speaks on a mobile phone next to columns outside the Bank of England in the City of London

LONDON (Reuters) - The Bank of England kept interest rates at 0.5 percent for the 18th month in a row and announced no new quantitative easing purchases, in a widely expected decision on Thursday. British inflation was 3.1 percent in July, well above the central bank's 2 percent ...More

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