Strong German retail sales keep European shares near seven-year highs

LONDON - European shares rose close to seven-year highs on Tuesday as better than expected German retail sales further buoyed investors days before the European Central Bank kicks off a trillion-euro bond buying program.

Recent Business News

Connecticut launches probe into Lenovo use of Superfish software

- Connecticut Attorney General George Jepsen's office said on Monday it has launched an investigation into Lenovo Group Ltd's sales of laptops pre-loaded with Superfish software, which the U.S. government last month warned made users vulnerable to cyber attacks.

Barclays takes $1.2 billion charge as FX settlement looms

LONDON - Barclays took a 750 million pound ($1.2 billion) charge in the fourth quarter as it prepares to settle allegations its traders manipulated foreign exchange markets, overshadowing the bank's efforts to slash costs and boost profits.

4:48am EST

Volkswagen on track with efficiency program: CEO

FRANKFURT - Volkswagen is optimistic it will reach its cost saving targets, which should help the company to narrow the profit gap with international rivals.

2:33am EST

United Airlines sees potential fit for Boeing 777-300ER, not yet 777X

- United Airlines has no immediate interest in purchasing 777X aircraft from Boeing Co but views the plane's predecessor, the 777-300ER, as a potentially good fit for its network, the carrier's Chief Financial Officer, John Rainey, told Reuters in an interview Monday.

02 Mar 2015

IBM shareholder sues company, alleging it overvalued chip unit

NEW YORK - IBM Corp was sued on Monday by a shareholder that said it committed securities fraud by failing to write down a money-losing semiconductor unit before agreeing to pay another company $1.5 billion to take that unit off its hands.

Tech, Money 02 Mar 2015


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