European Stocks Advance; SAP, Roche, Vodafone, Actelion Lead the Gains

(Bloomberg) -- European stocks rose for the first
time in three days after profit from SAP AG and Roche Holding AG
beat analysts' estimates.

SAP and Roche joined Novartis AG among members of the Dow
Jones Stoxx 50 Index to report better-than-expected earnings so
far in this earnings season. Vodafone Group Plc gained after the
mobile-phone company said it added more subscribers than analysts
anticipated. Actelion Ltd. rallied the most in two years after
the biotechnology company said net income almost doubled.


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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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Verizon rises further on Vodafone bid talk

(Reuters) - Meanwhile, U.S.-listed shares of Vodafone were down 1.7 percent at $32.97 in electronic trade. In London, Vodafone shares also slipped 1.5 percent.




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"Losers club" sought to derail India deal-Vodafone

(Reuters) - Arun Sarin, the chief executive of global wireless operator
Vodafone Group Plc , called for greater transparency in
India's merger approval process to defeat backroom efforts by
vested interests to manipulate India's political bureaucracy.




"I really did not expect people -- the 'good and great' of
India -- to be calling cabinet secretaries, ministers, to say,
'You have to unwind this deal, because we want a piece of it,'"
Sarin told a conference of Indian business and academic leaders
taking place in Silicon Valley this weekend.


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U.K. FTSE 100 Stocks Including Vodafone Drop; ICI, Prudential Shares Rise

(Bloomberg) -- U.K. stocks including Vodafone Group
Plc, the world's largest mobile-phone company, fell.

Imperial Chemicals Industries Plc paced advancing shares.
The U.K. maker of Dulux and Glidden paints rejected a 7.2
billion-pound ($14.2 billion) bid from Akzo Nobel NV of the
Netherlands as too low. Shares of Prudential Plc also gained.


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U.K. FTSE 100 Index Rises, Paced by ICI, Prudential Shares; Vodafone Drops

(Bloomberg) -- U.K. stocks advanced, led by Imperial
Chemicals Industries Plc. The U.K. maker of Dulux and Glidden
paints rejected a 7.2 billion-pound ($14.2 billion) bid from Akzo
Nobel NV of the Netherlands as too low.

Shares of Prudential Plc also advanced. Vodafone Group Plc
fell after gaining for three straight days.


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FTSE Shares Including ICI, Prudential Gain; Vodafone Falls After Report

(Bloomberg) -- U.K. stocks including Imperial
Chemicals Industries Plc rose. The U.K. maker of Dulux and
Glidden paints rejected a 7.2 billion-pound ($14.2 billion) bid
from Akzo Nobel NV of the Netherlands as too low.

Shares of Prudential Plc also advanced. Vodafone Group Plc
fell after gaining for three straight sessions.


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