LOS ANGELES/NEW YORK - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
EADS boss says against big state role in planned EADS/BAE merger
BERLIN (Reuters) - Firms like the one that would be created in a planned merger of Airbus parent EADS (EAD.PA) and Britain's BAE Systems (BAES.L) should "not necessarily" be subject to state involvement, EADS Chief Executive Tom Enders said on Wednesday.
Speaking after addressing a committee of the German parliament, Enders also said a 60-40 ratio valuation for EADS and BAE Systems respectively in the planned new company was fair.
"We want to create a company that is internationally much more successful, that draws new investors and there are many examples to prove that companies in this sector and of this size should not necessarily be subject to state involvement," Enders told reporters after briefing the committee.
Enders also said he was ready at any time to speak to the German government about any reservations they may have about the planned merger.
(Reporting by Gernot Heller; writing by Gareth Jones)
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