Germany’s financial regulators have approved automaker Porsche AG’s takeover offer for Volkswagen AG, which it was obligated to make after acquiring more than 30 percent in the company in a move designed to prevent a hostile takeover. Porsche has said it doesn’t plan to acquire Wolfsburg-based Volkswagen outright, and has offered 100.92 pounds per ordinary share.
GLASS BABY BOTTLES
<p>Replaced long ago in most U.S. households by unbreakable plastic, glass bottles are making a comeback prompted by worries about a chemical used in making the plastic. A report called "Toxic Baby Bottles" released in February by a Los Angeles environmental advocacy group helped fuel new interest. Afterward, business soared at Web sites selling glass bottles.