Deals - Europe Headlines

Fri, Oct 24 2014

Luxottica owner reassures that return to helm only temporary

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.

24 Oct 2014

Tele Columbus cancels refinancing talks after pulling IPO: sources

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.

24 Oct 2014

Cobham in $561 million deal for Australia airborne search and rescue

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.

24 Oct 2014

Rolls-Royce finalizes engineering JV with Hispano-Suiza

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.

24 Oct 2014

Thu, Oct 23 2014

Germany's Karstadt may shut six facilities: sources


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.

23 Oct 2014

Deutsche Telekom seeks T-Mobile buyer again: Manager Magazin


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.

Deals, France 23 Oct 2014

Wed, Oct 22 2014

Abbott, Mylan silent on why changing tax-inversion terms


- 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.

22 Oct 2014

GSK eyes prime FTSE 100 slot for standalone HIV drugs business


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

Deals, Health, China 22 Oct 2014

Lufthansa close to deal with IBM for IT infrastructure unit


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.

Lufthansa says winter capacity to rise by 2.9 percent

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.

Tech, Deals, Money 22 Oct 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.