UPDATE 1-EU approves Cerberus purchase of Chrysler

(Reuters) - BRUSSELS, July 3 - U.S. buyout firm Cerberus Capital Management [CBS.UL] won approval from the European Commission on Tuesday to buy U.S. carmaker Chrysler from DaimlerChrysler .



The deal was approved under a special simplified procedure because neither customers nor competitors had lodged any objections, the Commission said.


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G8 appeals for WTO trade deal, deal seen doable

(Reuters) - G8 leaders called for a prompt conclusion to long-delayed global free trade talks on Friday and the head of the European Commission and the WTO both expressed optimism that a deal could be done.

"We ... call on all WTO members to demonstrate constructive flexibility to bring these negotiations to a prompt successful conclusion," said a statement issued by Germany in its role as president of the G8 group of industrialised countries.


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