Deals - Europe Headlines

Aer Lingus board recommends $1.5 billion offer from BA-owner IAG


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

Greek government says to halt Piraeus port sale

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.

12:09pm EST

Irish govt to discuss Aer Lingus proposal with IAG "in coming days"

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.

Philips CEO rules out combined lighting, components business sale


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".

7:08am EST

Oi bondholders approve Altice deal with conditions


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.

6:57am EST

Italy's Lavazza to cut Keurig stake to fund acquisitions


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.

Deals, Italy 6:24am EST

Siemens defends $7.6 billion Dresser-Rand deal


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.

3:14am EST

Carnival eyes new China line for burgeoning cruise market

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.

Deals, China 12:11am EST

Mon, Jan 26 2015

TE Connectivity nears deal to sell network business to CommScope: WSJ

- 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.

Tech, Deals 26 Jan 2015

Siemens faces storm of questions over Dresser-Rand deal

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 .

26 Jan 2015

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.