Deals - Europe Headlines

Siemens splurges $7.6 billion on Dresser-Rand in U.S. shale market bet

Photo

FRANKFURT - Germany's Siemens AG has agreed to buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in cash, paying a relatively rich price to belatedly beef up its presence in the U.S. shale oil and gas industry. | Video

AT&T, Chernin venture to buy majority stake in Fullscreen

Photo

LOS ANGELES - Otter Media, a joint venture between telecom giant AT&T Inc and The Chernin Group, has agreed to buy a majority stake in Fullscreen, one of the largest networks on YouTube, the companies announced on Monday.

Tech, Media, Deals 2:42pm EDT

Germany's Merck to buy Sigma-Aldrich for $17 billion to boost lab supplies operation

Photo

FRANKFURT - Drugs and chemicals maker Merck KGaA agreed on Monday to acquire U.S.-based Sigma-Aldrich Corp for $17 billion in cash to boost its lab supplies business, the biggest takeover in the German group's history.

PDQ enhances auction model in bid to boost trading interest

NEW YORK - PDQ Enterprises, an alternative trading systems operator, on Monday launched an enhanced model that will pull together interest in buying or selling a stock to allow institutional investors to place larger orders and stymie predatory trading.

12:00pm EDT

Merck still sees investment grade ratings after Sigma-Aldrich deal

FRANKFURT - Drugs and chemicals maker Merck KGaA expects its credit ratings to remain at investment grade levels following its planned acquisition of Sigma-Aldrich , its finance chief said.

Health, Deals 9:51am EDT

Siemens sees no more large oil and gas buys soon

FRANKFURT - Germany's Siemens does not foresee any further significant acquisitions in oil and gas equipment following its agreement to buy Dresser Rand for $7.6 billion, it said.

9:34am EDT

Merck still sees investment grade ratings after Sigma-Aldrich deal

FRANKFURT - Drugs and chemicals maker Merck KGaA expects its credit ratings to remain at investment grade levels following its planned acquisition of Sigma-Aldrich , its finance chief said.

Deals, Health 8:58am EDT

Bayer asks Rothschild to advise on plastics business flotation: sources

Photo

FRANKFURT/LONDON - Bayer has appointed investment bank Rothschild [ROT.UL] to advise on the German drugmaker's plan to list its plastics business, in a deal that could value the unit at about 10 billion euros ($13 billion), sources familiar with the situation said.

7:54am EDT

UK's EE to buy 58 stores from Phones 4u for 2.5 million pounds

Photo

LONDON - Britain's biggest mobile operator EE has agreed to buy 58 stores from retailer Phones 4u [PHONE.UL] for 2.5 million pounds (4 million US dollar), after the retailer was placed in administration a week ago.

4:13am EDT

Siemens to sell stake in household appliances JV for 3 billion euro

- Industrial conglomerate Siemens AG said it would sell its 50 percent stake in household appliances joint venture Bosch und Siemens Hausgeräte GmbH (BSH) to Robert Bosch GmbH [ROBG.UL] for 3 billion euros ($3.85 billion).

3:41am EDT
Photo

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.