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  • FRANKFURT, Oct 22- Daimler AG will book a $780 million windfall from the sale of its four percent stake in U.S. electric car maker Tesla Motors, a move late on Tuesday that surprised investors and fuelled speculation of a growing rivalry. The maker of Mercedes-Benz cars invested in Tesla in 2009 as a way of securing cutting edge battery technology.

  • ANALYSIS-France does the splits on EU economic governance Wednesday, 22 Oct 2014 | 5:53 AM ET

    *Germany seeks trade-off to avoid voting to punish Paris. PARIS, Oct 22- France has long called for a European economic government to harmonise the bloc's policies, but it is baulking now at that governance being applied to its own fiscal indiscipline. Germany, France's historic partner in European leadership, is pressing for the rules to be upheld but it is eager...

  • MADRID/ VIENNA, Oct 22- Austria's Erste Bank rejected a report that it was one of at least 11 banks that had failed the European Central Bank's landmark health check, while other banks named by Spanish newswire Efe did not comment. Efe said Erste, along with banks from Italy, Belgium, Cyprus, Portugal and Greece, had failed the ECB review based on preliminary data, but...

  • EU's Juncker pledges investment plan for jobs Wednesday, 22 Oct 2014 | 4:38 AM ET

    STRASBOURG, France, Oct 22- The incoming head of the EU executive, Jean-Claude Juncker, told the European Parliament on Wednesday that he would present his 300- billion-euro plan for investment to bolster growth and jobs by the end of this year. Germany, Europe's dominant economy, is resisting calls for it to spend more to kick-start growth. Juncker, a conservative...

  • MADRID, Oct 22- At least 11 banks from six European countries are set to fail a region-wide financial health check this weekend, Spanish news agency Efe reported, citing several unidentified financial sources. The results of the stress tests on 130 banks by the European Central Bank are due to be unveiled on Sunday. Efe also identified a Cypriot bank and possibly...

  • Germany's Lufthansa to sell IT division to IBM Wednesday, 22 Oct 2014 | 4:18 AM ET

    BERLIN— Germany's biggest airline, Lufthansa, says it plans to sell its information technology infrastructure division to IBM as part of a deal aimed at reducing the company's IT costs. Lufthansa said Wednesday that it expects to cut costs by about 70 million euros per year under the proposed deal, which will see the airline outsource all its IT infrastructure...

  • Heineken reports lower third quarter earnings Wednesday, 22 Oct 2014 | 3:10 AM ET

    AMSTERDAM— Heineken NV says poor weather and weak economies in Europe dragged its third quarter earnings lower, though sales in developing markets grew strongly. The Dutch brewer Wednesday reported net profit of 460 million euros, from 483 million euros in the same quarter last year. In Eastern Europe revenues fell 8.5 percent, while in the Americas they grew 2...

  • Russia shares open higher, rouble steady Wednesday, 22 Oct 2014 | 2:49 AM ET

    MOSCOW, Oct 22- Russian shares opened higher on Wednesday while the rouble was steady, reflecting reviving global risk appetite and shrugging off a failure of Russia and Ukraine to reach a gas deal. The Russian market rose despite the failure of talks in Brussels on Tuesday to finalise a deal aimed at settling a long-standing dispute between Russia and Ukraine...

  • *Orders rise 24 pct to $11.2 bln vs $10.1 bln poll f'cast. ZURICH, Oct 22- Swiss engineering group ABB posted a bigger-than-expected rise in third-quarter orders, helped by demand from the oil and gas industries, but said the outlook for the global economy was increasingly uncertain. The Zurich- based firm showed encouraging signs of increased order momentum at...

  • Fears over gas supply as Russia-Ukraine talks fail Wednesday, 22 Oct 2014 | 1:16 AM ET

    Russia and Ukraine failed to reach an accord on gas supplies for the coming winter in talks on Tuesday.

  • Former Washington Post editor Ben Bradlee dies Tuesday, 21 Oct 2014 | 8:08 PM ET

    Bradlee died at home Tuesday of natural causes, the Post reported. Yet the Post's Pulitzer-winning coverage of the Watergate scandal is an inextricable part of Bradlee's legacy, and one measure of his success in transforming the Post from a sleepy hometown paper into a great national one. When Bradlee retired from the Post newsroom in 1991, then-publisher...

  • DIARY -Top Economic Events to Nov 3 Tuesday, 21 Oct 2014 | 8:01 PM ET

    WASHINGTON- Federal Reserve Board holds open meeting to discuss a final rulemaking requiring sponsors of securitization transactions to retain risk in those transactions- 1930 GMT. LONDON- Bank of England publishes minutes of latest Monetary Policy Committee meeting. OTTAWA- Bank of Canada Governor Stephen Poloz and Senior Deputy Governor Carolyn...

  • FRANKFURT, Oct 21- Daimler AG said on Tuesday it would book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors Inc. The stake sale comes as a surprise, even though the Stuttgart- based maker of Mercedes-Benz cars insisted that a technological cooperation deal between the two carmakers remains unchanged.

  • Oct 21- Airbus Group NV said on Tuesday that it has begun offering airlines a long-range version of its A321neo jetliner, aimed at replacing Boeing Co's 757 jetliner, a long-range single-aisle jet that is no longer in production. "The long-range version of the A321neo will be the ideal 757 replacement with true transatlantic range, 25 percent lower fuel burn and...

  • Ace beats Street 3Q forecasts Tuesday, 21 Oct 2014 | 4:21 PM ET

    ZURICH CH-8001, Switzerland _ Ace Ltd. on Tuesday reported earnings of $785 million in its third quarter. The Zurich ch-8001, Switzerland- based company said it had profit of $2.32 per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.39 per share.

  • BRUSSELS, Oct 21- Russia and Ukraine failed to reach an accord on gas supplies for the coming winter in EU-brokered talks on Tuesday but agreed to meet again in Brussels in a week in the hope of ironing out problems over Kiev's ability to pay. After a day of talks widely expected to be the final word, European Energy Commissioner Guenther Oettinger told a news...

  • Oct 21- IBM's woes are interesting not simply because they tell us about the economy, but because they reveal broader truths about how, and for whom, companies are run. IBM kicked its 2015 operating earnings goal off the back of the truck on Monday, blaming an outright fall in third-quarter revenues on a sudden downturn in client spending. "We saw a marked slowdown in...

  • EUROPEAN ENERGY COMMISSIONER GUENTHER OETTINGERHOPES FOR FINAL GAS MEETING NEXT WEDNESDAY IN BRUSSELS.

  • BRUSSELS, Oct 21- Russia and Ukraine aim to resolve an impasse over natural gas supplies as their energy ministers meet in Brussels for talks brokered by the European Union's energy commissioner. Citing unpaid bills worth more than $5 billion, Russia cut off gas flows to Kiev in mid-June, adding to tensions sparked by Russia's annexation of Ukraine's Crimea...

  • FRANKFURT, Oct 21- Smartphone users won't recognise the name B2X, but if your battery dies or your screen breaks, the odds are that the company will be working behind the scenes when you seek a repair. "B2X is doing a nice job of stitching together what are all the very disparate processes that go into the aftermarket for mobile phone repair," said Michael Dominy,...