New York Times: Washington, Jun 20, 2013 at 0430 hrs ISTThe US Federal Reserve chairman, Ben Bernanke, faces the increasingly difficult challenge of shaping investor expectations about the future course of Fed policy amid growing signs that the Bernanke era at the central bank is drawing to a close.
Reuters: Paris, Jun 20, 2013 at 0431 hrs ISTTelecom equipment maker Alcatel-Lucent will focus on its high-growth fixed and mobile products and slim down via 1 billion euros in cost cuts by 2015 in a bid to reverse years of losses.
Reuters: Tokyo/New York, Jun 20, 2013 at 0516 hrs ISTJapan’s SoftBank cleared a major hurdle in its attempt to buy US wireless provider Sprint Nextel, as rival bidder Dish Network declined to make a new offer after SoftBank sweetened its own bid last week.
Jun 20, 2013 at 0519 hrsAir France-KLM ordered 25 Airbus A350 jets on Wednesday, saying the wide-body plane that flew for the first time last week will be central to its plan to expand long-haul flights after years of struggling against discount carriers in Europe.
Reuters: Brussels, Jun 20, 2013 at 0512 hrs ISTNine drugmakers, including Denmark’s Lundbeck, were fined a total of 146 million euros ($195 million) by EU antitrust regulators on Wednesday for blocking the supply of a cheaper anti-depressant medicine to the market.
Reuters: Busto Arsizio (Italy), Jun 20, 2013 at 0513 hrs ISTThe trial of the former head of Italian defence group Finmeccanica began on Wednesday, with Giuseppe Orsi facing corruption charges over a deal to sell 12 helicopters to the Indian government.
Reuters: Frankfurt, Jun 20, 2013 at 0514 hrs ISTBuyout firm BC Partners agreed to buy German publisher Springer Science+Business Media for about 3.3 billion euros ($4.4 billion) on Wednesday, the largest private-equity acquisition in Germany for seven years.
Reuters: Paris, Jun 19, 2013 at 0029 hrs ISTAs airplane makers gather outside Paris to show off their newest high-tech jetliners, a less-heralded technology story was unfolding back home on the factory floors of the world’s leading aerospace firms.
Reuters: Copenhagen, Jun 19, 2013 at 0031 hrs ISTThe world’s three biggest container shipping companies, including Maersk Line, have agreed to share vessels in a bid to minimise losses caused by over capacity and falling freight rates.
Jun 19, 2013 at 0033 hrsBritish bank Lloyds said there had been no political pressure on it to sell hundreds of branches to the Co-operative Group, but a rival bidder said he thought there was political influence.
Associated Press: Jun 19, 2013 at 0034 hrsLeaders from eight of the world’s wealthiest countries spent the final hours of their summit on Tuesday focusing on how to make sure that multinational companies can no longer rely on shelters and loopholes to avoid paying the tax they owe.