Anglo-Saxon
UK-based Vodafone reached a preliminary agreement to buy Kabel Deutschland after increasing its bid for Germany’s largest cable company to about $10.1 billion, according to sources.
Frenkel back
Jacob Frenkel, chairman of JPMorgan International, will return to a position he left when he succeeds Stanley Fischer as governor of the Bank of Israel. He served from 1991 to 2000, when inflation was close to 20 percent.
Pan & fire
British Finance Minister George Osborne said the nation’s economy was “out of intensive care” but that government would stick to a path of deep cuts to public spending, as he prepared to announce a fresh round of austerity.
Nestle plants
Nestle, the world’s biggest food maker, said it will open two factories in China next month to tap growth in the world’s most populous nation even as the economy slows.
Chinese cars
Beijing Automotive, which makes vehicles with Daimler and Hyundai in China, launched a unit to spearhead acquisitions abroad, starting with Europe.