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 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.
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.
FRANKFURT - Volkswagen is optimistic it will reach its cost saving targets, which should help the company to narrow the profit gap with international rivals.
- 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.
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.
By the numbers: Measuring U.S. aid to Israel since 1949