Principal content
Vornado offers $39.1bn for EOP
Vornado Realty Trust launched a bold $39.1bn offer to buy Equity Office Properties, raising the stakes in the takeover battle for the biggest publicly traded owner of office buildings in the US.
Investment banking drives Deutsche gains
Full-year net profits surge 70%
Exxon reports largest profit in US history
Follows year of extraordinarily high oil prices
Related content and features
US manufacturing ‘on brink of recession’
Investors look to consumer spending
Police question Blair for second time
PM re-interviewed over cash for honours
Putin denies using energy as a weapon
Says subsidies cannot go on indefinitely
Shell reports record UK profit of £12.9bn
New finds and high oil price help oil group
AstraZeneca cuts jobs to boost growth
Profits surge at drug maker
France Telecom feels fixed-line pressure
Tough competition in UK forces €2.7bn write-down
Lex
Deutsche Bank
For investment banks, the trouble with booming markets is that investors quickly become blasé about rising profits.
Comment
Just rolling back India’s state is not enough

Private universities cannot compensate for a dilapidated public education system that has left almost a third of the population illiterate, says Guy de Jonquières.