GERMANY

GE to Sell Silicones, Quartz Businesses

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General Electric Co. said on Thursday that it had agreed to sell its advanced materials business, which includes silicones and quartz, to private equity firm Apollo Management L.P. for about $3.8 billion in cash and securities.
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MyTravel warns on profits

MyTravel Group said on Wednesday its annual profit would be less than previously expected following difficult trading conditions
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Tanigaki mum on topic of forex talks at G7

Japanese Finance Minister Sadakazu Tanigaki said on Friday that G7 financial heads would discuss exchange rates when they meet in Singapore on September 16, but he declined to say if the yen would be at the center of those talks.
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Barrel race for Italiian wine lovers

Faces furrowed with concentration and biceps bulging, Lorenzo Martire and Giovanni Zorn puffed their way up the narrow streets of this medieval town, rolling the 80kg oak wine barrel ahead of them.
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Italian wine lovers roll out the barrel

Faces furrowed with concentration and biceps bulging, Lorenzo Martire and Giovanni Zorn puffed their way up the narrow streets of this medieval town, rolling the 80kg oak wine barrel ahead of them.
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Consumer electronics comes of age at IFA show

Sebastian from Germany is looking for a high definition (HD) television set, IT engineer Armin is after a media-centre computer, software developer Jens wants a digital photoframe, and Italian civil servant Anna a new phone.
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Wolves Return to Germany As People Leave

A century after they were wiped out by hunters and a burgeoning population, wolves have returned to parts of eastern Germany as factories close down, businesses fail and people move out.
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Bayer to Revamp Farming Chemicals Unit

German drugs and chemicals group Bayer unveiled a revamp at its agrochemicals unit after strong healthcare earnings helped the company post a 14 percent rise in second-quarter operating profit on Tuesday.
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Permira to buy Unilever frozen food business

Anglo-Dutch consumer products group Unilever NV/Plc said on Monday it agreed to sell the bulk of its frozen foods business to private equity group Permira Funds for 1.725 billion euros ($2.2 billion).
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More jobs in Europe, the story of 2006?

Employment in Europe appears to be rising in earnest following years of sluggish economic growth when companies either cut staff or shunned new recruits to safeguard profits.
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Qimonda IPO Lacks Luster

Qimonda AG, the DRAM spin-off of Germany's Infineon Technologies AG, raised $546 million in initial public offering (IPO) on Tuesday, cutting the size of the planned sale by half.
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Stock Futures Lifted by Cisco Outlook

Cisco Systems' buoyant sales outlook helped pull U.S. stock market futures higher on Wednesday, offsetting the last session's downturn after the Federal Reserve signaled a pause rather than end to interest-rate hikes and after another warning in the home building sector.
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Wal-Mart Closes Shop in Germany

Wal-Mart, the world's biggest retailer, announced today that it decided to close its operations in Germany, by selling its 85 stores to a local rival, Düsseldorf-based Metro AG.
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Rice says powers forced to take U.N. action on Iran

U.S. Secretary of State Condoleezza Rice said Iran's refusal to accept an international incentives offer to negotiate curbs on its nuclear programme will force major powers to decide on Wednesday to deal with the Islamic Republic at the U.N. Security Council.
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South Africa Ready for 2010 World Cup

South African president Thabo Mbeki said on Saturday that fears regarding the country's financial and logistical ability to host the World Cup 2010 were untrue.
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EADS Stocks Still Down After Airbus Shakeup

Airbus parent EADS failed to rouse its recently trampled share price on Monday after the European aerospace giant forced out two top executives blamed for a two-week crisis over A380 superjumbo production blunders.
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Markets stall as Fed meeting looms, oil at $72

Financial markets stalled on Wednesday as uncertainty about when the Federal Reserve will end its monetary tightening campaign kept investors sidelined, while crude oil rose above $72 a barrel on worries about U.S. gasoline supplies.
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NYSE CEO: Deutsche Boerse can't compete on Euronext

NYSE Group Inc. Chief Executive John Thain said on Friday that Deutsche Boerse could not compete strategically or financially for Euronext, the Paris-based exchange the NYSE has struck an agreement to buy.

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