Deutsche Bank AG, the biggest bank in continental Europe, may consider increasing the salaries of management board members and senior staff to remain competitive after the European Union moved to cap bonuses.
ING Groep NV, the biggest financial-services company in the Netherlands, said Dutch rules capping remuneration for top banking executives have created a gap with peers that threatens the lender’s prospects.
Daimler AG, the world’s third- biggest maker of luxury cars, nominated former Avon Products Inc. Chief Executive Officer Andrea Jung to the supervisory board in an effort to increase female representation.
A suspension of electronic payments in Vatican City is threatening finances in the world’s smallest state as pilgrims and tourists are forced to use cash in museums and shops with yearly sales of more than $100 million.
BASF SE Chief Executive Officer Kurt Bock pushed through a bid for Pronova BioPharma ASA by boosting his offer by 8 percent. He has the backing of investors as the extra cost is a fraction of the $10.5 billion in cash probably generated by BASF last year.
BASF SE , the world’s largest chemical maker, will resume dividend increases after third- quarter profit jumped by 1 billion euros ($1.39 billion) and the company raised sales and earnings outlooks for 2010.
BASF SE , the world’s largest chemicals company, agreed to buy German food- and cosmetics- ingredients maker Cognis Holding GmbH for 3.1 billion euros ($3.8 billion) to accelerate a move away from basic chemicals.
BASF SE can escape the hangover of a post-takeover revamp with its purchase of Cognis GmbH after a decade of private-equity ownership left the German maker of cosmetics ingredients with about 3,500 fewer workers.