China Doesn't Provide Any Subsidies to Steelmakers, Association's Luo Says

(Bloomberg) -- China doesn't subsidize steelmakers,
the China Iron and Steel Association said in response to a
Financial Times report that Chinese mills had received more than
$52 billion in subsidies over the past decade.

``China absolutely doesn't have any steel subsidies,'' Luo
Bingsheng, vice chairman of the association, told reporters today
in Beijing.


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Air France KLM eyes Spanish airline Iberia

(Reuters) - Spanish publication El Economista and the Financial Times earlier said Air France KLM could team up with private equity company Apax in a consortium that could bid 3.8 billion euros for Iberia.




Apax was not immediately available to comment.


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Vodafone CDS recover as Verizon bid denied

(Reuters) - Vodafone's CDS traded 1.5 basis points wider on the day at 31.5 basis points by 1220 GMT, a trader said, having previously hit a high of 35 basis points.



Earlier on Monday, the Financial Times reported on its Alphaville Web site that Vodafone had been considering a $160 billion bid for Verizon.


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Vodafone says has no plans to bid for Verizon

(Reuters) - Earlier on Monday, the Financial Times reported on its Alphaville Web site that Vodafone had been considering a $160 billion bid for Verizon.




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Vodafone mulls $160 bln bid for Verizon - report

(Reuters) - NEW YORK, July 16 - Wireless telecommunications company Vodafone Group Plc has been considering a $160 billion takeover bid for Verizon Communications Inc. , the Financial Times reported on Monday on its Alphaville Web site.



The report triggered a 12.5 percent jump in Verizon's share price in pre-market trade.


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Stocks set to open higher on M&A

(Reuters) - Shares of Alcoa rose 2.4 percent in trading before the bell after the Times newspaper in London reported BHP Billiton Ltd./Plc , the world's biggest mining group, may bid for the aluminium producer.




General Electric Co. and Pearson Plc may challenge News Corp.'s $5 billion bid for Dow Jones & Co. with a plan that could let Dow Jones's controlling Bancroft family keep an interest in the company, the Financial Times and The Wall Street Journal reported on their Web sites.


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Dow Jones rival bid plan may include family: reports

(Reuters) - Selling Dow Jones, publisher of The Wall Street Journal, to GE and Pearson, would be a better journalistic fit than News Corp., but there is "no rush" to examine the plan, an unidentified Bancroft family member told the Financial Times.




Talks are at an early stage and could collapse or result in another structure for a Dow Jones bid, both papers reported.


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UPDATE 1-Dow Jones rival bid plan may include family-papers

(Reuters) - One option for GE and Pearson would be to allow the
Bancroft family to keep a 20 percent stake in the company,
reported the Financial Times, which is published by Pearson.




Selling Dow Jones, publisher of The Wall Street Journal, to
GE and Pearson, would be a better journalistic fit than News
Corp., but there is "no rush" to examine the plan, an
unidentified Bancroft family member told the Financial Times.


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