PRESS DIGEST – Financial Times – July 19

The Financial Times
TUCKER TO TAKE HELM AT AIG ASIA UNIT

AIG (AIG.N: ) is expected to announce on Monday that former
Prudential (PRU.L: ) head Mark Tucker will take over from Mark
Wilson at the bailed-out U.S. insurer, people close to the
situation said.
http://www.ft.com/cms/s/0/43b428f2-9288-11df-9142-00144feab49a.h
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EADS SETS COURSE FOR 6.8 BLN STG U.S. PURCHASES

EADS (EAD.PA: ) is ready to use an 8 billion euro (6.8 billion
pound) cash war chest to make acquisitions in the US now it has
weathered the downturn and completed a restructuring of its
businesses, says its chief executive.
http://www.ft.com/cms/s/0/9541cc20-92aa-11df-9142-00144feab49a.h
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GDF SUEZ, INTERNATIONAL POWER RENEW TALKS

France’s GDF Suez (GSZ.PA: ) and the UK’s International Power
(IPR.L: ) have renewed talks about a partnership that could
involve a special dividend payment to shareholders.
http://www.ft.com/cms/s/0/57a99236-929a-11df-9142-00144feab49a.html

UNILEVER UNFREEZES SALE OF FINDUS ITALY

Unilever (ULVR.L: ) is expected to announce the sale of
Italian food business Findus Italy to Birds Eye Iglo in a deal
worth more than 800 million euros.
http://www.ft.com/cms/s/0/acc7b68a-92b8-11df-9142-00144feab49a.html

DESMOND TOP CONTENDER TO BUY FIVE

Richard Desmond, owner of the Daily Express, the Daily Star,
and OK! magazine is among the top contenders in the auction for
the British UK television channel, Five.
http://www.ft.com/cms/s/0/3b628d00-929d-11df-9142-00144feab49a.html

CIVIL SERVANTS OFFERED EARLY REDUNDANCY

Thousands of senior civil servants are being offered
voluntary redundancy ahead of cuts to reduce the budget deficit.
Up to 900 jobs will have to go to meet the 20 percent spending
reduction in the senior civil service decided under the Labour
government.
http://www.ft.com/cms/s/0/eb6e95cc-92b6-11df-9142-00144feab49a.html

BANKERS WORRIED OVER STRESS TEST RESULTS

Senior bankers and regulators are worried that stress tests
on 91 European banks to be announced this week will produce a
skewed league table based on misinformed comparisons of
financial strength which could be misinterpreted by markets.
http://www.ft.com/cms/s/0/37f06b76-9291-11df-9142-00144feab49a.html

(Summary compiled by Reuters)

PRESS DIGEST – Financial Times – July 19