DaimlerChrysler shares gained sharply on Friday on speculation that the German automaker could be nearing a deal to sell struggling U.S. unit Chrysler.
Here some of Friday's big movers on European stock markets
Italy's Enel said Friday it is in "advanced" talks with partner Acciona about a possible offer for Spain's Endesa should an extant offer from E.on fail.
Chrysler CEO Tom LaSorda told a small group of auto dealers that the sale of the money-losing automaker could be resolved soon, The Wall Street Journal reported Thursday.
German media conglomerate Bertelsmann is entering the private equity world by joining with Citigroup and Morgan Stanley to create a 1 billion euro ($1.33 billion) fund for leveraged acquisitions in the media sector, the Wall Street Journal reported Thursday.
David Bianco, U.S. Equities Strategist for UBS, told CNBC’s “Squawk on the Street” that the S&P 500 offers investors a solid play on the strong global economy.“The S&P 500 has material exposure to the global economy,” Bianco said Wednesday. “I’m often reminding clients that the global economy and business spending are more important to S&P 500 earnings than consumer discretionary spending.”He likes consumer staples such as Coca-Cola and Proctor & Gamble, but said he’s over-weighted in industrials, technology and energy stocks, especially oil field services.
German media conglomerate Bertelsmann increased its operating profit by 16% in 2006, driven by a surge at broadcaster RTL Group, it said in a statement on Wednesday.
Metro, Germany's biggest retailer, said Wednesday that full-year net income almost doubled as recently acquired businesses contributed to earnings for the first time and the company sold its remaining stake in the Praktiker home improvement chain.
Here some of Tuesday's big movers on European stock markets:Whitbread, Storebrand, Iberia, ABN Amro, Barclays, Friends Provident, Technical Olympic and Deutsche Post.
We are on the verge of marking the 50th anniversary of the European Union -- taking as its birth the Treaty of Rome -- and politicians will spend this weekend in Berlin toasting the treaty.
German producer price inflation dropped to its lowest level in more than two years last month, helped by lower oil and energy prices, according to government figures released Tuesday.
Deutsche Post's fourth-quarter net profit fell by around a quarter, the German mail and logistics company said Tuesday, hurt by a cut in its stake in the country's biggest retail bank, Deutsche Postbank.
Ranbaxy Laboratories is no longer in the running to buy the generic drug business of Germany's Merck, India's CNBC TV18 reported Tuesday. Ranbaxy withdrew from the second round of bidding for the business, the television station said.
Deutsche Postbank said Monday that fourth-quarter profit more than doubled.
Germany's TUI unveiled a tie-up of its tourism unit with Britain's First Choice on Monday to boost its position as Europe's biggest travel firm in the face of new challenges from merging rivals.
Vivendi's Universal Music has offered major sell-offs to win Brussels' approval for its purchase of BMG Music Publishing, creating the world's largest music publisher, a source familiar with the case said.
Here some of Wednesday's big movers on European stock markets: Kingfisher, Carrefour, J. Sainsbury, HBOS, RBS, Deutsche Bank, SEB, Skanska and Holcim.
Two former managers of German industrial group Siemens denied charges of breach of trust and bribery but acknowledged making payments to employees of Italy's Enel to secure gas-turbines contracts.
Power supplier Enel said Monday it has signed a share swap deal with merchant bank Mediobanca to buy a further 2.98% of sought-after Spanish electricity company Endesa.
Volkswagen, Europe's largest automaker, said Friday its fourth-quarter profit nearly tripled on strong vehicle sales.