Equities

Reuters scoops on Arcandor CEO appointment; shares jump

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.