EU talks over Airbus loans
The EU has set out a tough line ahead of talks with Washington over state aid for rivals Airbus and Boeing. It comes ahead of a meeting tomorrow in Brussels between US and European officials to discuss whether to negotiate a new civil aircraft agreement to replace a 1992 pact covering repayable loans for Airbus.
Gas Natural expansion
Gas Natural, the Spanish gas distributor, announced its third acquisition in Italy with the purchase of Nettis, an unlisted Italian group, for €140 million (£95 million). Nettis, a distributor, wholesaler and service provider for natural gas, has 91,000 clients, bringing the total number of Gas Natural’s clients in Italy to 250,000.
Yahoo! in $160m purchase
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Yahoo!, the internet company, is to buy Musicmatch, a privately owned software company, for about $160 million (£89 million). Musicmatch, based in San Diego, offers software that allows users to manage digital music collections and listen to online radio stations.