Germany News
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Euro-area services output expanded more than initially estimated in September, as the 17-nation currency bloc’s economic recovery gained momentum.
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European stocks declined for a second day, as a shutdown of the U.S. government continued and a gauge of service-industry activity in the world’s biggest economy fell more than forecast.
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UniCredit SpA, Italy’s biggest bank, offered to purchase Bank Gospodarki Zywnosciowej SA, the Polish unit of Rabobank Groep, said Chief Executive Officer Federico Ghizzoni.
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Marc Jacobs’s departure from Louis Vuitton to focus on an initial public offering of his own brand is set to provide a double boost for LVMH Moet Hennessy Louis Vuitton SA, the owner of both luxury fashion labels.


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