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Europe News Europe


  • Falling European sales help sink Paccar's profits Thursday, 25 Oct 2012 | 12:22 AM ET

    BELLEVUE, Wash.-- Heavy-duty truck maker Paccar posted a 17 percent drop in third-quarter profit early Thursday. But sales to countries in South America helped offset some of the damage, and Paccar's results topped Wall Street's expectations.

  • Revenue at French retailer PPR grows 16 percent Thursday, 25 Oct 2012 | 12:13 AM ET

    PARIS-- French retailer PPR is seeing its revenue continue to grow as it doubles down on its luxury brands and jettisons struggling retail operations. The company behind Gucci and Bottega Veneta said Thursday that sales grew 16 percent to 2.6 billion.

  • Singapore Air orders Airbus jets worth $7.5 bln Thursday, 25 Oct 2012 | 12:09 AM ET

    SINGAPORE-- Singapore Airlines has ordered 25 Airbus planes worth $7.5 billion including five superjumbo A380s. It also said it will cease nonstop flights to Los Angeles and New York. That will end of nonstop flights from Singapore to Los Angeles and Newark.

  • Oil little changed as early gains evaporate Thursday, 25 Oct 2012 | 12:09 AM ET

    Benchmark oil gained 13 cents to $85.86 a barrel at midday in New York after rising as high as $86.75 in the morning. Brent crude added 45 cents to $108.30 a barrel in London. Pump prices fell another 2 cents overnight to a national average of $3.60 a gallon.

  • UK police: 300 potential Savile abuse victims Thursday, 25 Oct 2012 | 12:04 AM ET

    LONDON-- British police say 300 potential victims of a disgraced BBC entertainer, the late Jimmy Savile, have come forward so far since details emerged earlier this month that he was among the country's most prolific sex offenders.

  • TOKYO, Oct 25- Japan's Nikkei share average was seen moving sideways on Thursday with investors weighing up profit forecast cuts from Nintendo Co Ltd and others as earnings season gets under way, although expectations of further monetary easing by the Bank of Japan should provide support.

  • SAN FRANCISCO, Oct 24- Zynga Inc raised the lower end of its 2012 earnings outlook after quarterly revenue beat Wall Street's rock-bottom expectations, driving its shares 13 percent higher.

  • Accused UBS "rogue trader" to take stand in his defence Wednesday, 24 Oct 2012 | 11:01 PM ET

    LONDON, Oct 25- Former UBS trader Kweku Adoboli will start telling his side of the story in court on Thursday, seeking to convince a jury that he did not act dishonestly when he made the trades that cost the Swiss bank $2.3 billion.

  • Ex-EU health chief vows to fight tobacco bribe links Wednesday, 24 Oct 2012 | 11:00 PM ET

    BRUSSELS, Oct 24- The European Union's former health commissioner vowed on Wednesday to challenge the findings of an EU anti-fraud investigation linking him to bribery, which led to his resignation last week.

  • American plans to hire 2,500 pilots Wednesday, 24 Oct 2012 | 10:42 PM ET

    DALLAS-- The CEO of American Airlines said the company expects to hire 2,500 pilots over the next five years as it ramps up international flights.

  • NEW YORK, Oct 24- The European Central Bank and the U.S. The two powerful central banks are ``all in'' as they act to give lawmakers more time to resolve problems in Europe and the United States, Mohamed El-Erian, who is also co-chief investment officer of Pacific Investment Management Co, said at a conference hosted by The Economist magazine.

  • FOREX-USD off highs after Fed, NZD up on RBNZ Wednesday, 24 Oct 2012 | 10:22 PM ET

    SYDNEY, Oct 25- The dollar drifted off a two-week peak against a basket of major currencies on Thursday after the Federal Reserve stuck to its stimulus progamme, while a less-dovish-than-expected New Zealand central bank gave the kiwi dollar a boost. As a result, the euro climb off a near two-week low of $1.2921 to $1.2970.

  • As investors bet on election, odd trading crops up Wednesday, 24 Oct 2012 | 10:14 PM ET

    NEW YORK, Oct 24- Money managers across the United States are avidly watching the Nov. 6 presidential election, gaming out investing strategies in the event of a second term for Barack Obama or a first one for Mitt Romney.

  • Oct 24- Producing more airplanes and cutting costs in its defense business helped Boeing Co post stronger-than-expected profit for the third quarter, and the company notched up its earnings forecast for the third time this year.

  • Reuters World News Highlights 2200 GMT Oct 24 Wednesday, 24 Oct 2012 | 10:00 PM ET

    BEIRUT/ CAIRO- Syria said on Wednesday its military command was still studying a proposal for a holiday ceasefire with rebels- contradicting international mediator Lakhdar Brahimi's announcement that Damascus had agreed to a truce.

  • *Sees EBIT at 8 bln eur in 2012, no longer 9 bln. *Mercedes plans to cut costs by 2.0 bln eur by end-2014. FRANKFURT, Oct 24- Germany's Daimler warned on Wednesday that it would miss its earnings forecast this year by about 1 billion euros and would not improve profit margins next year as expected, blaming ``significantly more difficult market conditions.''.

  • LONDON, Oct 24- Incoming New York Times chief Mark Thompson told Reuters on Wednesday that his U.S. employer had given him full support since a sexual abuse scandal erupted at Britain's BBC where he had been in charge until last month.

  • *Net revenue down 6 pct to $409 mln vs Street's $411.9 mln. Oct 24- Nasdaq OMX Group Inc's profit fell nearly 20 percent in the third quarter due to a steep drop in trading volumes of U.S. and European equities, the exchange operator said on Wednesday.

  • SAN FRANCISCO, Oct 24- Zynga Inc raised the lower end of its 2012 earnings outlook after quarterly revenue beat Wall Street's rock-bottom expectations, driving its shares 12 percent higher. The news proved a rare bright spot for Zynga, which is trying to stave off user losses that prompted it to slash its 2012 outlook twice in recent months.

  • UNITED NATIONS, Oct 24- Russia slammed leaks to the media from a closed-door Security Council briefing on Syria on Wednesday, saying diplomats and journalists involved should be stripped of U.N. accreditation fo r the release of confidential information.