NEW YORK— European Union regulators on Tuesday approved Pfizer's $15.23 billion purchase of injectable drug and infusion device maker Hospira. Pfizer, the second-largest drug company in the world in terms of revenue, agreed to buy Hospira of Lake Forest, Illinois, in February. Shares of Pfizer Inc. lost 9 cents to $36.06 and Hospira Inc. shares rose 3 cents to...» Read More
The European Central Bank and Bank of England flooded money markets with funds on Tuesday as the UK central bank chief warned of a possible "self-reinforcing" downward spiral in credit.
The euro zone had a higher-than-expected trade surplus in October despite a continued rise in the euro as exports grew faster than imports, the European Union's statistics office said on Tuesday.
The European Commission, in a blow to European online gaming companies, on Monday struck a deal for compensation from the United States over a U.S. decision to close its gambling markets to foreign operators.
Euro zone inflation surged to 3.1 percent in November, the highest level since May 2001 according to Global Insight and above an earlier estimate of 3 percent, data from the EU statistics agency Eurostat showed on Friday.
This could be one of the least controversial EU summits in recent memory. With the Treaty signed in Lisbon Thursday European leaders seem to have very little left to fight about. Indeed, rather than hanging around until 5:30 this evening, when the Brussels summit was due to wrap, they seem ready to head off for the weekend early.
The same banks that demanded market forces be allowed to work in other indutries are now begging central banks for help.
So they have finally done it! European leaders gathered in Lisbon on Thursday to sign the new European Treaty, which it is hoped will streamline the EU's decision making process.
"Drat!" you say. "Yawn! Not more morning notes. Not another string with market pearls of wisdom I might have to read."Fear not! I threaten you only with idle thoughts and random contemplations from the other side of the Big Pond (from beyond the Channel even). In other words, from parts of the world where a Hamburger doesn't necessarily come as a snack between two bits of a soggy roll, where a Frankfurter might well eat a wiener, and where cars -- oh, bliss! -- generally have a stick shift and a clutch!It's also from a part of the world -- eat your heart out, friends from the British Isles -- where you can travel from country to country without ever showing your passport and, more to the point, never have to change your money.OK, that also means the land where battalions of politicians argue passionately over the size, color and bending-angle (seriously!) of bananas, about what exactly passes for a standard-size €uro condom and acceptable work practices for a €uro chimney sweep. If that doesn't justify the title of this blog -- €urocentric -- then I don't know what does.
The father of private equity in Europe, and 'bankroller' of UK Prime Minister Gordon Brown within his Labour Party, talks passionately to Simon Hobbs about what it really takes to be an entrepreneur and why society may explode in violence if the private sector does not do more.
Air France-KLM said it will make an offer for loss-making Italian carrier Alitalia, a long-awaited move which is expected to face a serious challenge only from tiny Italian airline Air One.
This is a timeline of the European Central Bank's rate decisions for 2007.
European Central Bank Governing Council member Christian Noyer said on Tuesday market turmoil had created economic uncertainties but struck an optimistic note on the financial system's ability to weather the turbulence.
Unemployment in the 13 nations that use the euro fell to a new record low of 7.2 percent in October, the EU statistics agency Eurostat said Monday, as Europe's recent growth spurt cut jobseeker queues that are the longest in the industrialized world.
European Union regulators fined four companies a total of 487 million euros ($724 million) on Wednesday for fixing the price of flat glass used in the making of windows, fire-resistant glass and mirrors.
Consumer confidence in Germany fell for the fourth consecutive month despite the end-of-the-year holiday season, driven by fears surrounding the strong euro and high prices, according to a survey released Wednesday.
European Union antitrust regulators suspended their in-depth investigation into IBM's bid to buy Swedish software provider Telelogic, the European Commission said Tuesday.
German business sentiment unexpectedly improved in November for the first time since April as firms took a more upbeat view about their current situation and shrugged off concerns about the strong euro.
Five United Airlines workers sought medical attention for nausea and vomiting after the company provided a Thanksgiving meal to employees.
French President Nicolas Sarkozy urged transport workers on Tuesday to end a seven-day national strike over pension reform and give negotiations a chance.
Aer Lingus Group filed a lawsuit Monday in the European Union's second-highest court in hopes of forcing its main rival, budget airline Ryanair, to sell its shares in Aer Lingus.