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But not everyone is convinced. Stewart Cowley, investment director of fixed income and macro strategy at Old Mutual Global Investors, believes there is a political dimension to the divide which suits the prevailing status quo.
Raytheon Chief Executive William Swanson said Turkey chosethe Chinese system based on a lower procurement price, but itwould likely get a less capable system that would be difficultto integrate with NATO's Patriot system, and could be moreexpensive to operate in the long run.
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** McKesson agreed to buy German peer Celesio for $8.3 billion, including debt, forging a globalmarket leader in drugs distribution to boost its purchasingpower with pharma majors. McKesson, the largest U.S. drugswholesale group, struck a deal to purchase the 50.01 percentstake in Celesio owned by the diversified holding company FranzHaniel & Cie and is offering to buy up the remainingshares for 23 euros ($31.7) apiece, it said.
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