Fri, Oct 24 2014
MILAN - Luxottica Chairman Leonardo Del Vecchio, 79, sought to reassure employees in a letter this week that he would eventually take a step back after a recent management crisis put him back at the helm.
LONDON/FRANKFURT - German cable operator Tele Columbus [ESCALC.UL] has canceled loan refinancing talks after pulling a planned initial public offering (IPO), two sources familiar with the matter said.
LONDON - British defense company Cobham said on Friday it signed an A$640 million ($561 million) deal to provide airborne search and rescue capability to Australia for 12 years from 2016.
LONDON - British engineer Rolls-Royce said on Friday it has finalised a deal to create a joint venture which will design and develop accessory drive train transmissions for all of the company's future civil aircraft engines.
Thu, Oct 23 2014
DUSSELDORF Germany - Ailing German department stores group Karstadt is aiming to close six facilities, including two stores, sources said on Thursday, as the loss-making chain struggles to cut costs.
FRANKFURT - Deutsche Telekom has started looking for an alternative buyer for T-Mobile US after France's Iliad abandoned its efforts to buy the business earlier this month, a German magazine reported on Thursday.
Wed, Oct 22 2014
- Drugmakers Abbott Laboratories and Mylan Inc on Wednesday declined to explain in detail why they changed the terms of a $5.3 billion deal in which Mylan will buy part of Abbott's overseas generics business and reincorporate for tax purposes in the Netherlands.
LONDON - GlaxoSmithKline , battered by weak U.S. drug sales and a bribery scandal in China, is looking to float its fast-growing HIV drugs business as part of a recovery plan that includes a fresh round of cost cutting. | Video
BERLIN/FRANKFURT - German airline Lufthansa is close to a deal to sell its IT infrastructure unit to IBM , including an outsourcing agreement for the services, as part of a shake-up of its technology activities, it said on Wednesday.
BERLIN - Lufthansa said it will be offering 2.9 percent more seats for the 2014/2015 winter schedule, a slight increase on previous plans for a 2 percent increase.
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.