LONDON (Thomson Financial) - Here are the top stories on Thomson Financial News Converium urges shareholders to reject hostile Scor bid
ZURICH (Thomson Financial) - Converium Holding AG has urged its shareholders to reject Scor SA's takeover offer, saying the French group's hostile bid fundamentally undervalues the company and could result in a loss of business of up to 800 mln usd.
Converium said it believes the offer impairs its growth prospects and it anticipates significant business, integration and execution risks 'arising from the hostility of Scor's offer'. VW Group's core brand Volkswagen Q1 unit sales 850,000, up 7 pct yr-on-yr
LEIPZIG, Germany (Thomson Financial) - Volkswagen AG's core brand Volkswagen has sold 850,000 cars worldwide in the first quarter, up 7 pct year-on-year, German Marketing Head Stefan Mueller said at the Leipzig Car Show.
'We have achieved that despite the dent in sales in Germany as a result of the (increase in) value-added taxes,' he told reporters. Deutsche Telekom, union talks fail again; negotiations to resume on Monday
KOENIGSWINTER, Germany (Thomson Financial) - Deutsche Telekom AG and trade union ver.di failed in their third round of talks yesterday to reach an agreement on plans to outsource 50,000 jobs and lower entry-level pay, spokesmen for the telecommunications giant and the union said.
Talks will resume on Monday, the spokesman said late last night, without disclosing details of the negotiations. France Telecom eyes Telecom Italia as AT&T bid encounters difficulties - report
MILAN (Thomson Financial) - France Telecom is studying the possibility of buying a controlling stake in Telecom Italia SpA while AT&T Inc's bid to take over the Italian operator faces difficulties, the daily Il Sole 24 Ore said without giving a source.
AT&T and America Movil are seeking to each buy a 33 pct stake in Olimpia, which owns 18 pct of Telecom Italia. The potential purchasers are scheduled to hold exclusive talks until April 30 to buy the stakes from Pirelli & Co SpA, which owns 80 pct of Olimpia. Siemens mulls sale, closure of VDO ops, further jobs to be affected - report
FRANKFURT (Thomson Financial) - In the lead-up to Siemens AG spinning off its automotive supplier division VDO, the company is mulling the sale of its VDO plant in Wuerzburg and the closure of two other plants, reported Financial Times Deutschland, citing sources.
A report in Sueddeutsche Zeitung stated, citing sources, that the technology giant plans to sell its Wuerzburg ops to VDO rival Brose. French March CPI up 0.4 pct from Feb; up 1.2 pct yr-on-yr
PARIS Thomson Financial - The French consumer prices index for March showed a rise of 0.4 pct compared with a 0.2 pct increase in February, according to figures from the Insee statistics office.
Year-on-year CPI was up 1.2 pct against a 1.0 pct rise in February. La Caixa says no plans to merge Gas Natural, Repsol in short term - report
MADRID (Thomson Financial) - La Caixa has no plans in the short term to merge Gas Natural SDG SA and Repsol YPF in which it is a core shareholder, Spanish media reported citing the Catalan savings bank's managing director Isidre Faine.
Expansion reported Faine said 'there is nothing (planned) in the short term.' Auto: Euroshares
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