Author: 123jump.com Staff
123jump.com
Last Update: 4:19 PM EST January 23 2008

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European markets fell sharply for the third day in a row after tough talk on inflation from ECB President Trichet. The inflation talk suggested that interest rates are not likely to be lowered in the region sparking a widespread sell-off. Business leaders gathered at Davos, criticized the surprise rate reduction in th U.S., and suggested that it may spark another bubble. LOreal offers 1.15 billion euros for cosmetic segment of PPL. Carrefour sales rose 10% to 25.2 billion euros.