Parmalat's administrator unlocks claims on Parmalat

Article Abstract:

Enrico Bondi, Parmalat S.p.A.'s government appointed administrator, has decided to readmit $32 million in debt claims from Deutsche Bank AG into the court proceedings regarding the bankruptcy of the former dairy company. Deutsche Bank, like several other investment banks that also provided financing for Parmalat, still faces a lawsuit alleging it took part in the improper financial dealings that eventually led to the company's demise.

Italy, Commercial Banks, Legal issues & crime, Dairy Products, Legal/Government Regulation, Banking industry, Company legal issue, Cases, Dairy industry, Dairy products industry, Bankruptcy, Parmalat S.p.A., Company bankruptcy, Deutsche Bank AG (Frankfurt, Germany), DB, Bondi, Enrico

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TUI investors may feel need to take holiday

Article Abstract:

TUI AG announced that it will seek higher cost-savings of 260 million euros for 2003, compared to 110 million euros in 2002. However, the company has been affected by the war in Iraq, and increasing signs of weakness in the German marketplace.

Tour operators, TUI AG

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Deutsche Boerse ends bid to purchase LSE

Article Abstract:

Deutsche Borse AG has decided to withdraw its bid for the London Stock Exchange PLC under increasing opposition by shareholders. Dissident shareholders now account for 50-60 percent ownership of Deutsche Borse AG.

United Kingdom, Acquisitions & mergers, Executive changes & profiles, Security brokers and dealers, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Evaluation, Officials and employees, Mergers, acquisitions and divestments, Company acquisition/merger, Securities industry, Investor relations, London Stock Exchange PLC, Deutsche Borse AG, Seifert, Werner

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