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Reuters scoops on Arcandor CEO appointment; shares jump

Reuters was a full day ahead on Dec. 2 with market-moving news that German retail group Arcandor had appointed Deutsche Telekom’s finance chief Karl-Gerhard Eick to succeed Thomas Middelhoff as Arcandor CEO. Arcandor shares surged more than 13 percent after the story.

Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Europe / Middle East / Africa
Countries: Germany
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