Siemens says Continental paid best price for VDO

(Reuters) - U.S. car-parts maker TRW , which is majority owned by
Blackstone , had also been interested in buying the
business.




Earlier, Siemens announced it would sell VDO to Continental
for 11.4 billion euros .


Read more at Reuters.com Mergers News

German DAX Benchmark Index Retreats; Led by Continental, TUI, Siemens

(Bloomberg) -- German stocks dropped, led by
Continental AG, TUI AG and Siemens AG.

The benchmark DAX Index lost 89.49, or 1.1 percent, to
7875.27 as of 9:10 a.m. in Frankfurt. The HDAX Index of the
country's 110 biggest companies also dropped 1.1 percent.


Read more at Bloomberg Stocks News

U.K. Stocks Gain, Paced by InterContinental, Whitbread, Punch Taverns

(Bloomberg) -- U.K. stocks rose, paced by
InterContinental Hotels Group Plc, Whitbread Plc and Punch
Taverns Plc after U.S.-based Hilton Hotels Corp. agreed to be
taken private.

The benchmark FTSE 100 Index gained 15.70, or 0.2 percent,
to 6655.50 in London at 8:14 a.m. The FTSE All-Share Index added
5.08, or 0.2 percent, to 3432.37. Ireland's ISEQ Index rose 22.77
to 9389.53.


Read more at Bloomberg Stocks News

Germany's DAX Index Falls From Record, Led by MAN: World's Biggest Mover

(Bloomberg) -- Germany's benchmark stock index
retreated from a record, posting the biggest fluctuation among
markets included in global benchmarks.

MAN AG, Europe's third-largest truckmaker, led automotive
shares lower. Continental AG, the world's fourth-biggest
tiremaker, fell after saying it's working on three to five
``relatively big'' acquisitions.


Read more at Bloomberg Stocks News

U.K. FTSE 100 Index Falters as Standard Charter, InterContinental Retreat

(Bloomberg) -- U.K. stocks erased gains as Standard
Charter Plc and InterContinental Hotels Group Plc declined. BHP
Billiton paced advancing shares.

The benchmark FTSE 100 Index retreated 4.6, or 0.1 percent,
to 6659.5 in London at 12:22 p.m. The index rose as much as 0.3
percent earlier. The FTSE All-Share Index slipped 2.78, or 0.1
percent, to 3455.9. Ireland's ISEQ Index declined 196.72, or 2
percent, to 9766.72.


Read more at Bloomberg Stocks News