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Areva faces tough choices on T&D sale
The decision by Innovation Network Corp of Japan to join Toshiba‘s bid for the power transmission and distribution unit of Areva, the French nuclear power group, has alienated one of the unit’s founding investors, General Electric, which has also made an offer for the business.
Lex: Goldman Sachs
The bank’s most precious asset – its awesome reputation – is turning as toxic as a pile of rotting collateralised debt obligations
Lex: JAL
Delta and American Airlines are jostling to throw money at the perennial problem that is Asia’s largest airline
Dubai air show deals starting to trickle in
The third day of the Dubai air show ends much as the first two did, with just a handful of extra order announcements from the main aircraft manufacturers, which organisers said brought the total value of air-show deals to $8.3bn
Vivendi criticised for high GVT price
Vivendi’s €2.8bn takeover of GVT, the Brazilian broadband operator, failed to impress investors
Lex: Vivendi / GVT
The knockout bid is all the more reason for Vivendi to get a full price for NBCU, a necessary move to win a bidding war with rival Telefónica
Lex: TPG scales back
By helping out their investors, TPG encourages them to stay on the hook for future funds
Battle for Asarco enters final phase
A Texas judge will be deciding whether or not to hand a large copper mining company back to the Mexican group accused of bankrupting it in the first place
Telefónica reports flat profits
Spain’s Telefónica reports flat nine-month profits with strength in Latin America helping to offset weakness in its domestic market
Weak oil prices hit Repsol results
Spanish oil group Repsol’s third-quarter operating profit more than halves from a year earlier on weak refining margins and market prices



