Deals - Europe Headlines

Continental raises profit guidance as car demand recovers


BERLIN - German car parts and tyre maker Continental raised its full-year profit forecast for the second time in five months after second-quarter underlying earnings rose on improving auto demand and a strong performance by its rubber division. | Video

10:58am EDT

BES edges closer to state aid as investors baulk at losses


LISBON/LONDON - Banco Espirito Santo's hopes of raising capital without taking state aid suffered a major blow on Thursday as investors took fright at massive losses and revelations of potential illegal activity at Portugal's largest listed bank.

10:22am EDT

Balfour Beatty ends merger talks with Carillion


LONDON - British infrastructure company Balfour Beatty said on Thursday it had terminated talks with Carillion over a possible 3 billion pound ($5 billion) merger, only days after the possible deal was revealed.

6:49am EDT

Carillion says surprised by Balfour reaction to merger talks

LONDON - British construction company Carillion said it was surprised by Balfour Beatty's decision to quit merger talks and said it still believed in the strategic rationale of the deal.

6:48am EDT

Nokia buys part of Panasonic's network business


HELSINKI - Nokia said on Thursday it agreed to buy part of Panasonic's telecoms network business to boost its operations in Japan, already a key market for the Finnish company.

Deals, Japan 5:01am EDT

Wed, Jul 30 2014

AMC Networks wants stake in BBC America: source

- AMC Networks Inc , a U.S. media company that owns cable channels, is in talks to buy a stake in BBC America, BBC Worldwide’s U.S. channel, a source familiar with the matter told Reuters.

30 Jul 2014

Solar power clouds Australia's $10 billion sale of 'poles and wires'

SYDNEY - Sun-drenched Australia's growing love of solar power is casting a long shadow over its biggest privatisation in two decades and the second-biggest sale ever of a state asset.

30 Jul 2014

Kering buys watchmaker Ulysse Nardin, posts mixed second quarter


PARIS - Kering fulfilled its ambition of expanding in Swiss watchmaking with the acquisition of Ulysse Nardin, the French luxury and sports brand group said on Wednesday as it posted mixed first-half results that showed further weakness at its flagship Gucci brand.

30 Jul 2014

Germany's ZF in advanced talks to buy TRW for near $12 billion: sources

NEW YORK/FRANKFURT - Germany's ZF Friedrichshafen AG is in advanced talks to acquire U.S.-based TRW Automotive Holdings Corp for nearly $12 billion, in a deal that would create an automotive supply powerhouse, according to people familiar with the matter.

Deals, Germany 30 Jul 2014

Huntsman offers more EU concessions over $1.1 billion Rockwood deal

BRUSSELS - U.S. chemical maker Huntsman Corp has offered more concessions in an attempt to secure European Union antitrust approval for its proposed $1.1 billion purchase of Rockwood Holdings Inc's titanium dioxide pigment business .

30 Jul 2014

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.