MILAN - Italian brakes maker Brembo will build a new foundry in Michigan to expand its manufacturing capability in the United States, betting on continued strength of the country's automotive sector.
DUBLIN - State-backed British lender Royal Bank of Scotland is considering selling its Irish unit Ulster Bank to a private equity firm, the Irish Examiner reported on Wednesday, citing unnamed sources.
Tue, Jul 22 2014
NICOSIA - Ryanair will probably submit an expression of interest in troubled Cyprus Airways which is up for sale, Chief Executive Michael O'Leary said on Tuesday.
FRANKFURT/VIENNA - Talks for Austrian chipmaker AMS to buy German peer Dialog Semiconductor have collapsed, with the two firms blaming differences over price and future strategy.
FRANKFURT/BERLIN - Rheinmetall will shift a unit making aluminum engine blocks to a joint venture with China's Hasco to help finance growth at its automotive business, the German defense group said on Tuesday.
Mon, Jul 21 2014
LONDON/MOSCOW - Russia's Severstal CHMF.MM said it would sell two U.S. steel plants for $2.3 billion, withdrawing from the U.S. market at a time of rising tension between Russia and the West and turning its focus to its domestic business.
ROME/MILAN - Poste Italiane will only invest more money in Alitalia if it avoids taking on the airline's past liabilities, three sources close to the matter said on Monday, a condition likely to hamper a rescue deal with Etihad Airways.
(This July 18 story was refiled to correct name in para 25 to Sullivan from Williams)
ZURICH - Auris Medical , a Swiss company specializing in experimental hearing loss drugs, is planning a U.S. stock offering to tap into growing investor appetite for biotechnology.
COPENHAGEN - Lockheed Martin Corp , Airbus and Boeing Co have all submitted binding documents in a tender to supply Denmark with up to 30 fighter jets, the defense ministry said on Monday.
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.