Germany's closely watched Ifo index of business sentiment held steady in May, just a whisker below its all-time high from late last year, the institute said Thursday.
German GDP grew 0.5% in seasonally, price and calendar-adjusted terms in the first quarter compared with the fourth quarter of last year, according to final figures from the Federal Statistics Office.
DaimlerChrysler has assumed a $1 billion risk from Chrysler should its pension plans be terminated before an agreement with U.S. agency Pension Benefit Guaranty Corporation (PBGC) expires in five years.
France will play an active role in solving the crisis at aerospace group EADS but will eventually sell its holding, French President Nicolas Sarkozy told workers at the headquarters of planemaking unit Airbus on Friday.
I have just spent a very productive three days in Berlin working on another program. It is part of the long running series on energy, which we produce in conjunction with Shell. The topics were energy security, the prospects for a Russian led gas OPEC and how the world deals with the politics of nuclear energy. This is a particularly thorny issue for the Germans who intend to phase out the generation of electricity via nuclear means by 2020.
DaimlerChrysler on Tuesday posted a 73% rise in first-quarter profit as one-off gains and a profit rebound at Mercedes helped overcome ballooning losses at Chrysler, the U.S. arm it is selling.
German GDP grew 0.5% in seasonally, price and calendar-adjusted terms in the first quarter compared with the fourth quarter of last year, according to preliminary figures from the Federal Statistics Office.
Utility RWE said Tuesday its first-quarter net profit rose nearly 50% on increased sales from its RWE Power unit and said it expects its net profit for the year to rise 10%.
Komal Sri Kumar, chief global strategist for TCW, told CNBC’s “Closing Bell” that for U.S. investors, there’s no place like home.
Two former Siemens officials were convicted Monday of bribery and assisting bribery for their involvement in multimillion-dollar payments to officials at an Italian utility.
European markets have "huge opportunities," says Jason Holzer. He's the senior portfolio manager of Vanguard's AIM European Small Company A fund. Rated five stars by Morningstar, AIM has had annualized returns of some 38% since 2002. Holzer joined "Squawk on the Street" to talk about the "very strong" European economies -- and how his fund plays them.
French state-owned utility EdF on Friday denied a report it contacted management of German utility RWE, or German authorities, in regards to a takeover.
Airbus parent EADS said on Thursday first-quarter operating profit plunged after it took a 688 million-euro ($931.3 million) provision at the planemaker as part of its Power8 restructuring programme.
Deutsche Telekom, facing its biggest strike in over a decade over planned cost cuts, reported a 5.8% drop in first-quarter core earnings on Thursday but said it was set to meet full-year targets.
Germany's E.ON, the world's largest utility, reported first-quarter earnings rose 21%, helped by lower costs in the U.K. and new customers for its gas distribution business.
Germany's trade surplus in March rose to 18.4 billion euros ($25 billion) from 14.2 billion in February and 14.1 billion in March last year, according to unadjusted provisional figures from the Federal Statistics Office.
Insurer Allianz confirmed Tuesday that its first-quarter profit rose 78% on sales of stakes in BMW and retailer KarstadtQuelle, which helped offset claims from a storm that walloped parts of Europe in January.
Deutsche Bank became the latest bank to benefit from strong markets on Tuesday when it reported that trading helped it reach a record profit in the first three months of the year.
Adidas, the maker of athletic apparel and sporting goods, said Tuesday its net profit fell 11% in the first quarter as marketing costs related to the Reebok brand and the comparison with last year's World Cup cut into profits.
Puma slashed its full-year sales guidance to "low single-digit" growth from a previous forecast of "mid to high single-digit" growth due to weak increases in new orders at the end of the first quarter.