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Goldman Sachs, SocGen bid for unit of Commerzbank

Goldman Sachs Group Inc. and Societe Generale SA have submitted final bids for the Commerzbank AG unit that houses the lender’s exchange-traded fund business, according to people familiar with the situation. Barclays PLC, which was said to be interested in the Equity Markets and Commodities...

Coca-Cola defeats U.S. lawsuit over Diet Coke ads

A federal judge has dismissed a lawsuit claiming that Coca-Cola Co.’s advertising for Diet Coke misleads people into thinking that consuming the soft drink assists in weight loss, and that it actually causes weight gain. The plaintiff, Shana Becerra, claimed that she and others would not have...

BMW recalls 12,000 diesel cars over emissions

German high-end carmaker BMW on Friday recalled thousands of diesel cars for a software update, after reports it had admitted to authorities they released more harmful emissions on the road than in the lab. BMW "noticed during internal testing that correctly programmed software was...

Israel, Egypt gas agreement: another empty deal

The recent natural gas agreement on Monday between Israel and Egypt is more symbolic than viable with the aim of fabricating a gas market in Egypt to send a message that Jordan is not Israel's only market in the region, according to the director of hydrocarbons at the Paris-based Mediterranean...