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American Airlines, flight attendants fail to cut costs

June 2 - American Airlines failed to agree on cost-cutting measures with its flight attendants' union, setting the stage for a judge to rule on voiding the contract for the bankrupt carrier, a subsidiary of AMR Corp, the union said in a statement late on Friday.

Investors offer 13.50 EGP/share to buy EFG-Hermes

CAIRO, June 2 - A group of investors called Planet IB that has launched a bid to buy out EFG-Hermes said on Saturday it intended to offer 13.50 Egyptian pounds ($2.23) per share for the Egyptian investment bank.

12:04pm EDT

Italy's Monti sees eurobonds becoming reality-paper

ATHENS, June 2 - Italian Prime Minister Mario Monti believes eurobonds will become a reality in the 17-nation euro zone and that Greece will stay in the single currency, he told a Greek newspaper on Saturday.

NEWSMAKER-Greco now needs to wrestle with Generali's shares

MILAN, June 2 - Mario Greco's new offices at Generali's pink stone headquarters on the Trieste waterfront are a picture postcard of respectable tranquility, but appearances are deceiving: internal warfare has felled two chairman since 2010.

INSIGHT-California city's pension vote-a precedent for U.S.?

SAN FRANCISCO, June 2 - A radical plan to slash public employee pension benefits gets voted on by the residents of Silicon Valley's San Jose on Tuesday - a decision that could set an important precedent for many other cities, not only in California but across the nation.

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