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

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

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

Saudi king keeps close hand on oil in remodelling strategic team

RIYADH - Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the monarch's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed.

3:35am EST

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

Former HP chairman admits 'mistake' in sexism trial

SAN FRANCISCO - Onetime highflying tech executive Ray Lane testified on Monday during a sex discrimination trial involving his former employer, Kleiner Perkins Caufield & Byers, that he made a mistake in judgment involving the harassment of a female venture capitalist at the firm, and that he feared for the woman's safety.

02 Mar 2015


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