European stocks fall as the Ukraine crisis escalates and economic data suggests the euro-zone recovery remains tentative. Universal Music owner Vivendi faces a Friday deadline to decide whether to accept a sweetened $9.8 billion bid from Telefonica for its Brazilian broadband unit, or to go with a stock-heavy $9.2 billion offer from Telecom Italia, which includes a 16% stake in the Italian telecom. But Absolut vodka maker Pernod Ricard pleases investors with news of job cuts and a forecast return to sales growth after plunging revenue from China pushed full-year figures down.

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