CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Honeywell buying Melrose's Elster meter unit.» Read More
Unemployment in Germany continued to decline, with the rate reaching 9.5% in April with fewer people out of work as companies sought to fill vacancies amid an economic turnaround.
Allianz said first-quarter net profit rose to 3.2 billion euros ($4.4 billion) from 1.8 billion euros ($2.4 billion) on a "very favourable development" on the capital markets.
The number of unemployed people in Germany fell to 3.967 mln in April, dipping below the politically key mark of 4 million for the first time in several years, said Labour Minister Franz Muentefering.
German retail sales were up 0.5% in real terms in March compared with March 2007 and down 0.7% from February this year, according to preliminary figures from the Federal Statistics Office.
Veolia Environnement, a French waste management and water company, said Friday it and two private equity firms will buy German rival Sulo in a deal worth 1.45 billion euros ($2 billion).
German chipmaker Infineon missed expectations with a wider second-quarter operating loss for its core, non-memory units mainly due to charges relating to the insolvency of a major client.
German chemical company BASF said its first-quarter earnings rose nearly 9%, lifted in part by its acquisition last year of U.S. catalyst maker Engelhard.
German business confidence rose unexpectedly this month despite the euro's increasing strength, a closely watched survey showed Wednesday, and the government underlined the growing optimism by raising its outlook for Europe's biggest economy.
Siemens' outgoing supervisory board chairman, who is departing amid corruption scandals at the company, said in an interview published Sunday that he knew nothing about alleged improper payments during his time at the helm and is leaving with his "head held high."
Germany's SAP met analysts' forecasts for sales of new software licenses but missed expectations for earnings after a difficult first quarter in which it lost a top manager and faced a lawsuit from a rival.
Porsche said Thursday it had filed its formal takeover offer for Volkswagen with German regulators, a required step after it lifted its stake in the maker of the iconic Beetle.
Producer prices in Germany rose 0.3% in March from February and rose 2.5% from March last year, the Federal Statistics Office said.
Volkswagen's group vehicle sales in the first quarter rose by 7.9% to a record 1.47 million units, thanks in part to sharp gains in China and Brazil, Europe's biggest carmaker said on Tuesday.
The sick man of Europe is feeling much better, with investor and business sentiment in Germany's economy soaring for the fifth month in a row, according to a survey released Tuesday.
Consumer prices in Germany rose slightly more than expected during March on higher gasoline and electricity prices, the Federal Statistics Office said Monday, confirming its previously released initial estimates.
Some 12,000 workers at Deutsche Telekom walked off the job Monday, protesting the telecommunications company's plan to reorganize its work force by transferring 50,000 staffers into separate units, union officials said.
A top DaimlerChrysler executive is scheduled to meet in New York this week with bidders for the German auto maker's Chrysler unit but it appears that billionaire Kirk Kerkorian's Tracinda isn't among those on the invitation list, The Wall Street Journal reported.
UniCredit has dropped out of an auction for a Berlin community lender in the face of competition from state-owned banks determined to stop the it from falling into private hands, sources close to the matter said.
China will not participate in discussions on the global economy at a meeting of Group of Seven (G7) nations this weekend despite being invited to do so, a German finance ministry official said on Tuesday.
A global fervor around the German polar bear cub known as "Knut" has reached thestock market, with shares in Zoologischer Garten Berlin more than doubling this week.