Wednesday, December 26, 2007

EUROPE

Buffett's Berkshire Will Pay $4.5 Billion for Control of Pritzkers' Marmon Billionaire Warren Buffett's Berkshire Hathaway Inc. will pay $4.5 billion for 60 percent of Marmon Holdings Inc., adding another family run company that prospered without shareholder demands for short-term profits.

Crude Oil Trades Above $95 on Speculation U.S. Inventories Declined Again Crude oil rose above $96 a barrel in New York on speculation an Energy Department report tomorrow will show that U.S. inventories fell for a sixth week.

STMicroelectronics, Intel Delay Merger of Flash-Memory Units on Financing STMicroelectronics NV and Intel Corp. delayed the merger of their unprofitable memory units and said the venture will get less financing than previously announced.

Air Astana to Buy Six Airbus, Three Boeing Planes to Meet Growth in Travel Air Astana, a venture between the Kazakh government and BAE Systems Plc, agreed to buy nine Airbus SAS and Boeing Co. jetliners to help meet surging travel demand in the Central Asian nation.

Germany to Cut 2008 Growth Forecast, Economy Minister Glos Tells Die Zeit German Economy Minister Michael Glos said the government will lower ``slightly'' its 2008 forecast for economic expansion, German weekly newspaper Die Zeit reported, citing an interview.

Bayer Recalls Diabetic Blood-Sugar Test Strips Citing Possible Inaccuracy German drugmaker Bayer AG recalled test strips used by diabetics in seven countries because the products may overstate how much sugar is in the blood.

Vivendi's Canal Plus in Accord to Buy Occade Sport for Undisclosed Amount Canal Plus, Vivendi SA's pay- television unit, said it has signed an agreement to buy Occade Sport SAS, an organizer of sporting events.

Aeroflot Forecasts Record $3.7 Billion in 2008 Sales on Growth in Russia OAO Aeroflot, Russia's largest airline, said sales will probably rise to a record 90.7 billion rubles ($3.7 billion) next year on surging demand in its domestic market.

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