European markets edged lower on Monday after Friday’s record highs, in part over continued worries that Greece will fail to reach a deal with the Eurozone over its rescue plan. Greek prime minister Alexis Tsipras is scheduled to meet German chancellor Angela Merkel this afternoon, but Merkel’s not expecting a breakthrough. Pirelli does $7.6 billion deal to sell tire business to Beijing’s state-owned China National Chemical Corp. First Student owner First Group gets renewed franchise deal in U.K., pushing up share price. Germany’s Deutsche Bank examines a spin out of its retail banking businesses into a separately listed group.
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