DUBLIN - The board of Irish airline Aer Lingus has recommended a raised 1.36-billion-euro ($1.5 billion) takeover offer from the owner of British Airways, which must now soothe Irish government concerns to win approval. | Video
ATHENS - The new Greek government led by the left-wing Syriza party will halt the sale of a majority stake in the port of Piraeus , Greece's biggest, begun by the previous government, the deputy minister in charge of shipping said on Tuesday.
DUBLIN - Irish Transport Minister Paschal Donohoe said on Tuesday the government would engage with British Airways owner IAG in the coming days on the terms of its proposed new offer for Aer Lingus.
AMSTERDAM - The chief executive of Philips said on Tuesday that a combined sale of its lighting business, together with its lighting components business, is "not on the table".
SAO PAULO - Bondholders of Oi SA , Brazil's most indebted phone carrier, approved the sale of its Portuguese operation to Altice SA as long as the cash is used to pay down debt or consolidate the telecommunications industry.
MILAN - Italy's Lavazza has trimmed its stake in U.S.-based coffee group Keurig Green Mountain and plans to cut it further by at least another 2.8 percent as it raises cash for acquisitions, the coffee maker said in a U.S. regulatory filing.
FRANKFURT - Siemens executives defended their $7.6 billion deal to buy U.S. oilfield equipment firm Dresser-Rand, saying oil demand would grow long-term and synergies could increase.
SHANGHAI - Cruise operator Carnival Corp is in talks with state-owned China Merchants Group Ltd (CMG) to develop a new cruise line for the fast-growing China market, the U.S. firm said in a statement on Tuesday.
Mon, Jan 26 2015
- Swiss electronics company TE Connectivity Ltd is said to be nearing a deal to sell its network equipment unit to CommScope Holding Co Inc for about $3 billion, the Wall Street Journal reported, citing people familiar with the matter.
MUNICH, Germany - German industrial group Siemens is set to face a storm of questions on Tuesday over its $7.6 billion (£5 billion) decision to buy U.S. oilfield equipment maker Dresser-Rand .
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.