European markets closed sharply lower on Wednesday after geopolitical risks increased uncertainty among investors. » Read More
LONDON, Oct 1- The British government would be prepared to use its' golden share' to veto the proposed $45 billion merger between EADS and BAE Systems if the terms were not right for Britain, a defence ministry source said. Priorities for the British government include jobs and future security for BAE plants in Britain.
PARIS, Oct 1- Lagardere Chief Executive Arnaud Lagardere met with EADS CEO Tom Enders on Monday after the media conglomerate issued a statement calling for a rethink of the planned merger between EADS and BAE Systems.
BERLIN, Oct 1- Talks on creating a European aerospace and defence giant through a merger of Airbus parent EADS and Britain's BAE Systems are at risk of failing due to the divergent stances of the governments involved, three German sources said on Monday.
By James Regan PARIS, Oct 1- EADS shareholder Lagardere. told the aerospace group on Monday to review the "unsatisfactory" terms of its planned $45- billion merger with BAE Systems, raising the pressure before a British regulatory deadline next week.
BERLIN-- The chief executives of BAE Systems PLC and EADS NV sought to drum up support Monday for the merger of their two aeronautics and defense companies in the face of growing criticism to the deal, saying in a joint newspaper article an agreement would help both organizations grow.
PARIS, Oct 1- European stocks are set to open lower on Monday, adding to the previous session's losses on mounting concerns over Spain's economic crisis and as data signalled further evidence of slowing growth in China. ,for Germany's DAX and for France's CAC.
COMMERZBANK Indicated 0.5 percent lower. Commerzbank on Saturday declined to comment on a magazine report that it planned to pay no dividend for its 2013 financial year.
PARIS, Oct 1- Key French EADS shareholder Lagardere said the conditions attached to a planned merger of the European aerospace group with Britain's BAE Systems were unsatisfactory and called on management to reexamine the project.
*Britain's FTSE 100 index is seen opening 8 to 12 points lower, or down 0.2 percent, on Monday, according to financial bookmakers.
Separately, the bank's brokerage unit Cheuvreux could cut 290 jobs in France as part of a possible deal with financial services group Kepler Capital Markets to buy Cheuvreux, French daily Les Echos wrote, citing sources close to the matter.
PARIS, Oct 1- Key French EADS shareholder Lagardere said on Monday the conditions attached to a planned merger of the European aerospace group with Britain's BAE Systems were unsatisfactory and called on management to reexamine the project.
Commerzbank on Saturday declined to comment on a magazine report that it planned to pay no dividend for its 2013 financial year.
*UK could use "golden share" to block deal unless terms met. BERLIN/ PARIS, Oct 1- EADS and BAE Systems battled to rescue their $45 billion merger plan from a barrage of competing interests on Monday as governments and shareholders staked out positions in tense negotiations to try to forge the world's largest arms firm.
Italy needs a strong political government, not another technocrat administration when Prime Minister Mario Monti's term ends in the spring, the head of the country's main employers' confederation said on Sunday.
Squawk Box presenters discuss what could be the biggest defence merger in a decade between Britain's BAE Systems and France's EADS. The combination of the two companies would create an industry giant that would rival Boeing.
Defense manufacturers suffered a further blow on Wednesday as the UK became the latest European nation to announce military cutbacks as part of austerity measures.
European shares were expected to open lower as voters in France and Greece both reacted to austerity measures in their countries by kicking out incumbent governments in elections over the weekend.
Take a look at some of Wednesday morning's early movers:
CNBC’s Analytics Team compiled a list of the 10 best and worst performing commodities in the CRB index. Click ahead to learn about the hot and the not-so-hot commodities of 2011.
Ask a kid about LeBron James and he'll most likely perk up and say, "Yeah, he's cool." Mention the name Steve Jobs and that same kid will set the ringtone on his iPhone to crickets chirping. Some companies and organizations are aiming to change all that, investing in programs that teach kids that science and technology are cool.