- Arcandor's Karstadt Gets Three Bids Close to Deadline Karstadt, the insolvent German department-store chain that’s up for sale, received three binding offers from investors and extended a deadline to decide on the winning bid.
- Portugal Telecom in Talks on Possible Bid for Vivo Portugal Telecom SA, escalating a battle for Brazilian wireless operator Vivo Participacoes SA, is in talks with investors from the Middle East and Asia as it weighs a possible offer for Telefonica SA’s stake.
- Chatty Farmers Help Suzuki India Salesmen as GM Enters Cities Maruti Suzuki India Ltd. salesman Ram Krishna Upadhyaya goes to a farmers’ market three times a week to find out who has had a good crop and can afford a new car.
- Spyker In Talks to Build Version of 1950s Saab Model Spyker Cars NV, Saab Automobile’s owner, is in talks with automakers to share technology and an underbody for a new car based on a 1950s Saab model, Chief Executive Officer Victor Muller said in an interview.
- Ford Said to Plan End of Neglected Mercury After Seven Decades Ford Motor Co. is preparing to wind down the Mercury line, created in 1939 by Edsel Ford, after sales plunged 74 percent since 2000, said two people familiar with the plan.
- BP Pressured Rig Worker to Hurry Before Disaster, Father Says The highest-ranking crew member to perish aboard the Deepwater Horizon drilling rig warned his family that BP Plc was pressuring him to sacrifice safety for the sake of time and money, his father said.
- Pequot Trading Probe Could Yield $1 Million Bounty for Ex-Wife The ex-wife of a former Microsoft Corp. employee could be eligible for a $1 million bounty for helping U.S. regulators impose one of the largest-ever insider trading fines.
- Euro's Decline Buoys Export-Driven Rebound as Austerity Aids Europe “The crisis is over.”
- Prudential Investor Neptune Says 20% May Vote Against Takeover of AIG Unit Prudential Plc jumped in London trading as investors owning as much as 20 percent of the U.K. insurer plan to vote against the $35.5 billion takeover of American International Group Inc.’s main Asian unit, according to Neptune Investment Management Ltd.
Bloomberg Daily News 31st May 2010
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