Merger of German banks appears unlikely

Article Abstract:

Deutsche Bank AG's merger plans with Dresdner Bank AG is seen to be improbable as the two German banks separately conduct negotiations with other banks for other consolidation options. The merger of the two bank's retail divisions would allow cost-reductions and better positioning for the banks as the EU adopts a single monetary unit. Analysts believe that a major consideration in the possible abandonment of the deal lies in the profitability of Deutsche's retail operation and the underperformance of its prospective partner.

Commercial Banking, Acquisitions & mergers, Commercial Banks, Deutsche Bank AG, Dresdner Bank AG (Frankfurt, Germany)

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Court tackles medicinal-pot case

Article Abstract:

The US Supreme Court will decide on allowing marijuana to be administered to seriously ill people to ease their misery and exempting them from federal anti-drug laws. California and eight other states have laws allowing patients to grow and use marijuana for medical needs. The dispute from California could affect patients' access to marijuana nationwide and steer debate over the benefits and harm of using the drug for treatment and pain relief.

United States, Marijuana

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Wal-Mart told to end German price war

Article Abstract:

The German Cartel Office ordered Wal-Mart Stores Inc and its German rivals, Aldi and Lidl discount supermarket chains to call off their price war on groceries. The directive came after German regulators found that the supermarkets are regularly selling staples such as milk, butter, flour and cooking oil below cost. The agency believes that if the price war continues, this will drive small groceries out of business.

Supermarkets and Other Grocery (except Convenience) Stores, Supermarket Chains, Wal-Mart Stores Inc., Aldi

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