BERLIN - German car parts and tyre maker Continental raised its full-year profit forecast for the second time in five months after second-quarter underlying earnings rose on improving auto demand and a strong performance by its rubber division. | Video
LISBON/LONDON - Banco Espirito Santo's hopes of raising capital without taking state aid suffered a major blow on Thursday as investors took fright at massive losses and revelations of potential illegal activity at Portugal's largest listed bank.
LONDON - British infrastructure company Balfour Beatty said on Thursday it had terminated talks with Carillion over a possible 3 billion pound ($5 billion) merger, only days after the possible deal was revealed.
LONDON - British construction company Carillion said it was surprised by Balfour Beatty's decision to quit merger talks and said it still believed in the strategic rationale of the deal.
HELSINKI - Nokia said on Thursday it agreed to buy part of Panasonic's telecoms network business to boost its operations in Japan, already a key market for the Finnish company.
Wed, Jul 30 2014
- AMC Networks Inc , a U.S. media company that owns cable channels, is in talks to buy a stake in BBC America, BBC Worldwide’s U.S. channel, a source familiar with the matter told Reuters.
SYDNEY - Sun-drenched Australia's growing love of solar power is casting a long shadow over its biggest privatisation in two decades and the second-biggest sale ever of a state asset.
PARIS - Kering fulfilled its ambition of expanding in Swiss watchmaking with the acquisition of Ulysse Nardin, the French luxury and sports brand group said on Wednesday as it posted mixed first-half results that showed further weakness at its flagship Gucci brand.
NEW YORK/FRANKFURT - Germany's ZF Friedrichshafen AG is in advanced talks to acquire U.S.-based TRW Automotive Holdings Corp for nearly $12 billion, in a deal that would create an automotive supply powerhouse, according to people familiar with the matter.
BRUSSELS - U.S. chemical maker Huntsman Corp has offered more concessions in an attempt to secure European Union antitrust approval for its proposed $1.1 billion purchase of Rockwood Holdings Inc's titanium dioxide pigment business .
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.