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-Europe News Digest, AP

-Europe News Digest, AP

TOP STORIES FROM EUROPE AT 0700 GMT

GERMANY-US-SPYING

BERLIN-- Germany's defense minister says Europe can't simply return to business as usual in its relations with Washington following allegations that U.S. intelligence may have targeted Chancellor Angela Merkel's cellphone. SENT: 130 words. UPCOMING: 250 words by 0800 GMT.

GERMANY-DAIMLER-EARNS

FRANKFURT, Germany -- German automaker Daimler AG saw its net profit rise by 53 percent in the third quarter following a stronger performance from its luxury brand Mercedes-Benz, which benefited from demand for its small cars. By David McHugh. SENT: 270 words.

NETHERLANDS-UNILEVER

AMSTERDAM -- Unilever PLC, the maker of ice cream, soaps, deodorants and laundry detergents, says its "underlying" third quarter sales grew by 3.2 percent on a combination of price hikes and higher volumes.

SENT: 130 words.

SWEDEN-EARNS-ERICSSON

STOCKHOLM -- Swedish wireless equipment company Ericsson AB says its net profit increased by 34 percent in the third quarter as a better business mix boosted its margins. Ericsson said net profit for the period was 2.92 billion Swedish kronor ($458 million), compared with 2.18 billion kronor a year earlier. SENT: 130 words.

GERMANY-MCKESSON-CELESIO

BERLIN -- American pharmaceutical distributor McKesson Corp. has launched a takeover of German competitor Celesio AG, signing an agreement to take a majority stake and making an offer to other shareholders. Celesio said the two companies sealed a merger deal on Thursday and that its management welcomes the takeover offer. SENT: 130 words.

FRANCE-PERNOD RICARD

PARIS -- French beverage company Pernod Ricard saw sales fall sharply over the past three months, with the biggest decline in Asia and other emerging markets. The maker of Absolut vodka said Thursday that revenue in the July-to-September period was 2 billion euros ($2.8 billion), a decline of 9 percent from the same period last year. SENT: 130 words.

SWITZERLAND-EARNS-CREDIT-SUISSE

GENEVA -- Credit Suisse Group posted a 79 percent increase in third-quarter profit compared with last year, strong results Thursday that it said reflect the resiliency of its private banking and wealth management. Switzerland's second-largest bank, which has shed thousands of employees in cost-cutting drives to boost profitability, reported a third-quarter profit of 454 million Swiss francs ($509 million), up from 254 million francs between July and September 2012. SENT: 240 words.


Updated : 2021-07-24 20:16 GMT+08:00