Merkel seen as big loser in euro zone showdown

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Merkel seen as big loser in euro zone showdown



German Chancellor Angela Merkel looks on before delivering government policy statement in parliament in BerlinBERLIN/PARIS (Reuters) - Angela Merkel was portrayed across Europe as the big loser of a euro zone showdown in Brussels after the German chancellor was forced to accept the crisis-fighting measures championed by countries struggling with their debts. Newspapers in Spain, Italy and France on Saturday toasted the triumph of their leaders - Mario Monti, Mariano Rajoy and Francois Hollande - in pushing Merkel into a U-turn that would long have been unthinkable. ...












AstraZeneca hungry to refill medicine cabinet



LONDON (Reuters) - Simon Lowth may only be the interim chief executive of AstraZeneca Plc but he is ready to sign off on bold deals. The decision to pair up with Bristol-Myers Squibb Co to buy diabetes specialist Amylin Pharmaceuticals Inc shows the Anglo-Swedish drugmaker is stepping up its deal-making, despite the management hiatus at the top of the company. AstraZeneca is chipping in $3.4 billion for a half share in Amylin's products for the fast-growing type 2 diabetes market. ...









SWilliams hits 23 aces, edges Zheng at Wimbledon



Serena Williams hit 23 aces, held every service game and barely escaped an upset bid by Zheng Jie, winning 6-7 (5), 6-2, 9-7 Saturday in the third round at Wimbledon.






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