Osram Licht AG, RTL Group and Evonik Industries would be moved to the MDAX of the Frankfurt bourse. Three major German firms would be added to the country's mid-cap index MDAX after their stocks were floated in the Frankfurt Stock Exchange in the earlier part of the year.
Legal & Regulatory
Edge Products seeks bankruptcy protection
Edge Products, the manufacturer of high quality parts for vehicle manufacturers, recently filed for Chapter 11 bankruptcy protection.
Changes mandated by Italian regulators imposed on Banca Carige
Banca Carige was advised by the Bank of Italy to make changes in policy and personnel as it prepares for regulatory changes for next year.
Italian government prefers Telefonica than Sawiris for Telecom Italia- newspaper
An Italian newspaper reported that the Italian government preferred the merger of Telecom Italia with Spain's Telefonica than have Naguid Sawiris acquire a stake in the firm.
Michigan joins American Airlines-US Airways suit to block merger
Michigan had joined six other states in a lawsuit to block the proposed merger of US Airways and American Airways to create the world's largest airline company.
Latest News
The European Union Chamber of Commerce in China said there was unfair treatment to foreign firms in the China bribery probe.
Indonesia said it planned to relax the rule that forced foreign mining firms operating in the country to own no more than 49% of their stake in the mines within ten years after production has started.
Cathay Pacific Airways Ltd. released an exchange statement today, voicing out its opposition against Qantas Airways Ltd. (QAN)'s Hong Kong budget carrier venture with China Eastern Airlines Corp. and gambling tycoom Stanley Ho.
Credit rating agency Standard and Poor's (S&P) said in a court filing that the reason US Justice Department filed a case against them was to get back for downgrading US' credit rating last August 2011.
Turkey said it intended to create an industrial zone in Addis Ababa on land assigned to Turkey by the Ethiopian government.
China urged its Asian neighbors to forge stronger financial ties in the wake of the Federal Reserve's plan to taper its stimulus package.
Petrochina Securities investor Johan Broux filed a disclosure suit against Petrochina Co and its current and former executives for failing to disclose pertinent news to investors.
As the company faces an investigation on corruption under the previous leadership, the new management of PetroChina is seeking to distance itself from the legacy of its former chairman.
Australian tycoon James Packer bought a 9.4% stake in US real estate website Zillow Inc. James Packer acquired a 9. 4% stake in Zillow Inc. Cavalane Holdings, of which Packer holds a controlling stake, purchased 3 million shares in the US real estate website.
