Feb 7 The following corporate finance-related stories were reported by media on Thursday:
* Deutsche Bank has suspended five traders suspected of inappropriate conduct following an internal investigation into possible manipulation of the Europe Interbank Offered Rate (Euribor), a source familiar with the matter said.
* Buyout firms have accelerated talks with lenders to secure funding for possible 10-billion-pound ($15.65 billion) bids for EE, the UK's largest mobile phone operator, according to the Financial Times. A group formed by Apax and KKR and another led by Blackstone and CVC Capital are working on competing offers, the paper said.
* Barclays Plc is nearing the completion of a raft of job cuts at its investment bank as part of its new chief executive's plan to streamline operations and cut costs, a person familiar with the matter said.
* Cantor Fitzgerald is in advanced talks to buy brokerage firm Seymour Pierce, the Financial Times reported, citing people familiar with the discussions.
* One of the key shareholders of Italy's biggest construction firm Impregilo is set to launch a takeover bid for the rest of the company, sources close to the matter told Reuters.
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With the crucial GDP data scheduled to be announced along with key corporate results, volatility is expected to prevail in the upcoming week. Disappointment on these fronts may push the Nifty down to the 7,200-7,500 range. Once we witness stability and consolidation, investors should increase their exposure, says Ambareesh Baliga. Full article