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Europe News Europe


  • Market pressure eases on Spain amid bailout hopes Wednesday, 17 Oct 2012 | 4:04 AM ET

    MADRID-- Rising speculation that Spain will soon ask for outside help to keep a lid on its borrowing costs has helped ease the pressure on the country in financial markets. There was also some relief in the markets that Moody's did not cut its credit rating on the country as had been widely-feared.

  • Dutch firm ASML looks to buy US light beam maker Wednesday, 17 Oct 2012 | 2:54 AM ET

    AMSTERDAM-- ASML Holding NV, the biggest supplier of equipment to semiconductor manufacturers, has offered to buy Cymer Inc. of the U.S. for around $2.55 billion in cash and shares.

  • RBS exits government insurance on risky assets Wednesday, 17 Oct 2012 | 2:45 AM ET

    LONDON-- Royal Bank of Scotland, which was rescued in Britain's biggest bank bailout, said Wednesday that it is getting out of an emergency insurance program which helped stabilize the company after it nearly collapsed. Royal Bank of Scotland shares were up 1.6 percent at 284.5 pence in early trading in London.

  • Danone third-quarter sales up 9.4 percent Wednesday, 17 Oct 2012 | 2:27 AM ET

    PARIS-- Yogurt maker Danone says its sales grew solidly in the third quarter of the year, driven by its booming waters business and strong growth in Asia. The Paris- based maker of Evian bottled water warned this year that the economic slowdown in Europe would hit its performance.

  • Oil up following Wall Street gains, hope for Spain Wednesday, 17 Oct 2012 | 1:35 AM ET

    BANGKOK-- A positive day for stock markets and hopes that Spain might be on the verge of requesting a bailout to fix its debt crisis helped push oil prices higher Wednesday. Benchmark oil for November delivery was up 16 cents to $92.25 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.

  • Oil falls slightly after report shows supplies up Wednesday, 17 Oct 2012 | 12:24 AM ET

    Oil gave up early gains and hovered around $92 per barrel on Wednesday after the government reported a bigger-than-expected increase in U.S. crude supplies. In midday trading on Wednesday, oil was down 7 cents to $92.02 per barrel on the New York Mercantile Exchange.

  • Knoll says demand fell in 3Q Wednesday, 17 Oct 2012 | 12:09 AM ET

    EAST GREENVILLE, Pa.-- Knoll Inc. said Wednesday that its third-quarter net income fell 34 percent as revenue declined on weak demand. The iconic furniture maker reported Wednesday that it earned $12.2 million, or 26 cents per share, for the quarter that ended Sept. 30. That's compared with $18.4 million, or 39 cents per share, in the same quarter last year.

  • Female executive returns home for Indian GP Wednesday, 17 Oct 2012 | 12:05 AM ET

    NEW DELHI-- The first woman to lead a Formula One team has another reason to look forward to the Indian Grand Prix next week _ it's in her home country. The 41- year-old Monisha Kaltenborn was promoted from Sauber's chief executive to its team principal last week. Her main focus is ensuring the Switzerland- based team improves on its four podium finishes this season.

  • After Pandit, a smaller Citi could get smaller yet Wednesday, 17 Oct 2012 | 12:04 AM ET

    In the hours after Tuesday's surprise announcement that Citigroup CEO Vikram Pandit was stepping down, speculation was rife, and facts scant, about what lay ahead for the nation's third-largest bank. It trails JPMorgan Chase, with $2.3 trillion, and Bank of America, with $2.1 trillion.

  • Polish officials scramble to explain roof fiasco Wednesday, 17 Oct 2012 | 12:04 AM ET

    WARSAW, Poland-- Officials in Poland are scrambling to explain why they failed to close the stadium roof and prevent the country's World Cup qualifier with England being postponed by a waterlogged pitch. Heavy rain on Tuesday left pools of water on the field at the $600 million National Stadium, which has a retractable roof.

  • Limits on Twitter before games for England players Wednesday, 17 Oct 2012 | 12:04 AM ET

    England defender Ashley Cole is facing an FA fine because of a vulgar tweet. The England team code of conduct spells out how players can be stripped of the captaincy if they are deemed to fail as a "role model," highlighting how the job carries "expectation and responsibility."

  • Vikings to host Steelers in London next year Wednesday, 17 Oct 2012 | 12:00 AM ET

    CHICAGO-- The NFL is doubling down on London. The league announced Tuesday that the Minnesota Vikings will host the Pittsburgh Steelers at London's Wembley Stadium on Sept. 29, 2013. This is the first time the NFL will play two regular-season games in London in the same season.

  • Asia stocks up on US earnings, Spain speculation Tuesday, 16 Oct 2012 | 11:37 PM ET

    BANGKOK-- Asian stock markets rose Wednesday on better-than-expected earnings from U.S. corporate giants and growing speculation that Spain is finally ready to ask for financial aid.

  • News Summary: Moody's confirms Spain's rating Tuesday, 16 Oct 2012 | 10:07 PM ET

    RATING CONFIRMED: Moody's Investors Service on Tuesday confirmed its rating on Spain's government debt at "Baa3", its lowest investment-grade rung. OUTLOOK NEGATIVE: The agency, meanwhile, assigned a negative outlook to the rating, signaling that a downgrade is still possible in the coming months.

  • News Summary: IBM delivers mixed bag in 3Q Tuesday, 16 Oct 2012 | 9:37 PM ET

    HOLDING STEADY: IBM's third-quarter profit of $3.8 billion was unchanged from a year ago. Earnings per share though worked out to $3.33 per share, a gain from $3.19 per share a year ago because IBM Corp. has less stock outstanding now. Revenue also fell 5 percent from the same time last year amid economic weakness in Europe.

  • News Summary: Coca-Cola, Sanofi partner on drinks Tuesday, 16 Oct 2012 | 8:05 PM ET

    DRINK UP: The Coca-Cola Co. and drug maker Sanofi are partnering to launch a line of "beauty drinks" in France. SMALL TEST: Coca-Cola declined to give details but said in a statement that the drinks will be sold in a "small scale pilot" limited to a number of pharmacies in the country.

  • Moody's confirms Spain's rating, outlook negative Tuesday, 16 Oct 2012 | 7:11 PM ET

    Moody's Investors Service on Tuesday confirmed its rating on Spain's government debt but assigned a negative outlook, signaling that a downgrade is still possible in the coming months. Moody's kept Spain's rating at "Baa3", its lowest investment-grade rung.

  • Intuitive Surgical 3Q income jumps; shares slide Tuesday, 16 Oct 2012 | 6:43 PM ET

    SUNNYVALE, Calif.-- Intuitive Surgical Inc. said Tuesday its net income jumped 50 percent in the third quarter on greater sales of its robotic surgery systems. The company said economic conditions in Europe and changes in prostate cancer treatment reduced da Vinci system use.

  • Moody's confirms Spain's bond rating Tuesday, 16 Oct 2012 | 5:48 PM ET

    Moody's Investors Service has confirmed Spain's government bond rating and assigned a negative outlook.

  • In a surprise, Pandit steps down as Citigroup CEO Tuesday, 16 Oct 2012 | 5:32 PM ET

    Vikram Pandit, who steered Citigroup through the 2008 financial crisis and the choppy years that followed, abruptly left the bank on Tuesday, stepping down as CEO and as a director. The move shocked Wall Street, and Citigroup offered no explanation.