Working group to mull EADS "golden share"-Germany

(Reuters) - "There is no preference. There are various possibilities
that will be jointly evaluated and discussed by the experts and
the idea of so-called 'golden shares' belongs to these."




Read more at Reuters.com Bonds News

Arcandor says Q2 development according to plan

(Reuters) - The company said its department stores' profit in the second
quarter was "slightly better" than in the second quarter a year
earlier.




Read more at Reuters.com Market News

Erdogan Gains From Turkey's New Islamic Businesses in Re-Election Bid

(Bloomberg) -- From a factory in central Turkey,
Islamic businessman Celal Hasnalcaci annually churns out $15
million worth of hip-hugging pants and tight T-shirts --clothing
that would horrify many devout Muslims.

Hasnalcaci, 53, exemplifies a growing class that balances
Islamic values with support for market economic forces and
Turkey's bid for membership of the European Union. That's
exactly the mix that is propelling Prime Minister Recep Tayyip
Erdogan toward victory in July 22 national elections.


Read more at Bloomberg Exclusive News

REFILE-Older and cheaper pills just fine for diabetes

(Reuters) - WASHINGTON, July 16 - Older and cheaper pills are
just as effective for treating diabetes as some of the more
expensive new drugs, U.S. researchers reported on Monday.




A comparison of 10 diabetes drugs showed they all worked
well to reduce levels of glucose, or sugar, in the blood. But
each one has drawbacks, the federally funded researchers found.


Read more at Reuters.com Government Filings News

Swiss Franc Advances to Seven-Month High as Investors Unwind Carry Trades

(Bloomberg) -- The Swiss franc rose to a seven-month
high against the dollar as investors avoided riskier assets and
scaled back so-called carry trades.

Switzerland's currency also gained versus the euro as
investors unwound trades funded by borrowing the franc and the
Japanese yen at their relatively low interest rates. The franc
was also buoyed by a report that showed retail sales in the
Alpine economy rose for a 12 month in May.


Read more at Bloomberg Currencies News

Electrolux CEO says Europe launches done by Q3

(Reuters) - "Step by step we will get through this and the way things
look right now the launches will be carried out during the third
quarter," Chief Executive Hans Straberg told Reuters.




"What is very positive is that we are seeing our new
products being very well received. It would be worse if we were
out there in the stores and the products were not liked by
consumers."


Read more at Reuters.com Market News

Zambia to export 200,000 tonnes maize to DRC, Namibia

(Reuters) - Zambia's government will allow a farmers' group and three other associations to export a total of 200,000 tonnes of white maize to the Democratic Republic of Congo (DRC) and Namibia, an industry official said on Tuesday.

The Grain Traders of Zambia (GTA), the Zambia National Farmers Union (ZNFU), Millers Association of Zambia (Maz) and the state Food Reserve Agency (FRA) will be given permits to export 50,000 tonnes of surplus maize and ground maize each, Maz general secretary Allan Sakala said.


Read more at Reuters Africa