Deals - Europe Headlines

ZKB in takeover talks with asset manager Swisscanto

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ZURICH - Switzerland's Zuercher Kantonalbank (ZKB) is holding talks over a possible takeover by asset manager Swisscanto Holding , the bank said on Wednesday.

3:52am EDT

Lufthansa close to deal with IBM for IT infrastructure unit

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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.

Tue, Oct 21 2014

Portugal regulator extends shorting ban on battered PT shares

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LISBON - Portugal's CMVM securities market regulator has extended until Thursday a ban on short selling in shares of Portugal Telecom after they fell to a record low close on Tuesday.

21 Oct 2014

Yahoo in talks to buy ad service BrightRoll: TechCrunch

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- Online search and advertising company Yahoo Inc is in talks to buy digital video advertising service provider BrightRoll for around $700 million, tech blog TechCrunch reported.

Tech, Deals 21 Oct 2014

EQT frontrunner for Siemens hearing-aids business: sources

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FRANKFURT/LONDON - German engineering group Siemens is in advanced talks to sell its hearing-aids business for more than 2 billion euros ($2.5 billion), with private equity firm EQT the frontrunner, two people familiar with the matter said.

21 Oct 2014

Smartphone repair company B2X steps up expansion with Indian deal

FRANKFURT - Smartphone users won't recognize the name B2X, but if your battery dies or your screen breaks, the odds are that the company will be working behind the scenes when you seek a repair.

Deals, Tech, Media 21 Oct 2014

U.S. to scrap trade deal on Russian steel duties

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WASHINGTON - The U.S. Department of Commerce will terminate a 15-year-old deal sheltering Russian flat-rolled steel producers from high import duties, it said in a letter to Russian authorities.

Russia, Deals 21 Oct 2014

Daimler to make vans in North America, invest in German plants

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FRANKFURT - Daimler said on Tuesday it will broaden its production footprint for Mercedes-Benz Sprinter vans by moving some manufacturing to North America and by investing 450 million euros ($572 million) to modernize its German plants.

21 Oct 2014

AbbVie says $55 billion acquisition of Shire officially dead

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- U.S. drugmaker AbbVie Inc said on Monday it has reached agreement with Shire Plc to officially call off its proposed $55 billion purchase of the Irish company, and will pay Shire a $1.64 billion breakup fee for walking away from the deal.

21 Oct 2014

AbbVie CEO Gonzalez loses Shire, but wins praise for gutsy move

NEW YORK - (This story has been refiled from the Oct. 20 story to fix a typo in the headline)

21 Oct 2014
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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.