Aviva, Friends Life 5.6 billion pound merger plan makes sense: investors

LONDON - Aviva's potential 5.6 billion pound ($8.8 billion) purchase of Friends Life reflects a need to consolidate and cut costs in Britain's insurance industry, fund managers said.

Recent Business News

Intel could rise 30 percent over next two years: Barron's

- Shares in microprocessor maker Intel Corp could rise more than 30 percent to $48 over the next two years, Barron's reported in its Nov. 24 edition.

2:46pm EST

Giving thanks for big stock gains

NEW YORK - U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows.

21 Nov 2014

Lufthansa says it has gained market share in Germany

FRANKFURT - Germany's largest airline Deutsche Lufthansa has won a bigger slice of its domestic market in recent months, its chief executive told newspaper Sueddeutsche Zeitung.

3:08pm EST

Italian bank Intesa eyes UK's Coutts International: FT

- Italy's retail bank Intesa SanPaolo is looking at a possible bid for Coutts International, the wealth management arm of Royal Bank of Scotland , the Financial Times reported.

2:51pm EST

Telecom firms call for change to BT's business broadband 'monopoly'

LONDON - Britain's biggest telecoms service providers have filed a complaint to media regulator Ofcom demanding greater competition in the business broadband market, where they say BT has an effective monopoly.

2:04pm EST


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