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Cisco slides as forecasts fall short of optimistic views

Bloomberg Cisco Systems Inc. shares slipped in trading after the network-equipment maker’s fourth-quarter forecasts fell short of Wall Street’s most optimistic projections. Before the company provided its outlook for the current period, the stock had surged 32 percent in a year, last week reaching the highest price in more than 17 years. While Cisco said it’s optimistic about demand and ...

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Linde, Praxair face EU objections

Bloomberg Linde AG and Praxair Inc. are poised to get a so-called statement of objections listing potential reasons for the European Union’s antitrust regulator to block their proposed $46 billion merger, according to three people familiar with the EU review. Such a filing — common in complex merger probes — would lay out precise concerns with the transaction combining the ...

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Daimler, Deutsche Telekom settle toll fiasco for $3.8bn

Bloomberg Daimler AG and Deutsche Telekom AG agreed to a 3.2 billion-euro ($3.8 billion) deal with the German government, ending a spat over the clunky start of a system to collect truck tolls that had become one of the country’s longest running legal disputes. The agreement involves a cash payment of 1.1 billion euros, which will be split evenly between ...

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