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The European Union

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  • General Electric won EU approval Friday to sell its plastic division to petrochemicals manufacturer Saudi Basic Industries ¬†for about $11.6 billion.

  • Euro-Zone Rates Stay at 4%, U.K. Remains at 5.75% Thursday, 2 Aug 2007 | 9:49 AM ET

    The European Central Bank kept its core lending rate at 4% Thursday, as widely expected, but a hike in September was signaled. The Bank of England also held steady, leaving rates at 5.75%.

  • EU Says Intel Tried to Squeeze Out Advanced Micro Friday, 27 Jul 2007 | 10:24 AM ET

    Intel slashed prices below cost and gave huge rebates in an illegal attempt to drive its smaller competitor out of the market, the European Union said on Friday in charges against the world's largest chipmaker.

  • EU Court to Rule on Microsoft on September 17 Tuesday, 17 Jul 2007 | 7:58 AM ET

    A European court confirmed on Tuesday that it will rule on Sept. 17 on whether software giant Microsoft broke European Union antitrust regulations.

  • European new car registrations rose 0.7% in June as demand in the countries that recently joined the European Union offset a decline in western Europe.

  • Schneider Electric Wins EU Compensation for Takeover Block Wednesday, 11 Jul 2007 | 10:28 AM ET

    Schneider Electric won compensation from the EU on Wednesday for its refusal to let the company buy Legrand SA in 2001, the first time a court has ordered regulators to reimburse a business for losses due to a takeover ban that was later overturned.

  • Ryanair to Sue EU Over 'Unfair' Competition Rules Tuesday, 10 Jul 2007 | 6:46 AM ET

    Ryanair Holdings, the discount airline prevented from buying rival Aer Lingus, said Tuesday it will take to court EU competition authorities over their alleged failure to enforce competition rules fairly.

  • The European Union on Tuesday chose France's Dominique Strauss-Kahn to head the International Monetary Fund.

  • France's crusading new president will charge Monday into a carefully balanced set of economic rules designed to keep the currency his nation shares with 12 other countries stable and trusted.

  • Merkel Resists Sarkozy Ideas on ECB: Report Sunday, 8 Jul 2007 | 10:09 AM ET

    German Chancellor Angela Merkel has made it clear to French President Nicolas Sarkozy that Germany will firmly resist any efforts to impinge upon the European Central Bank's independence, Der Spiegel news magazine reported on Sunday.

  • EU Approves Takeover of Spain's Endesa Thursday, 5 Jul 2007 | 7:07 AM ET

    European Union antitrust regulators approved the takeover of Spain's largest utility Endesa by Acciona and Italian utility Enel on Thursday.

  • EU regulators fined Spain's Telefonica 151 million euros ($205 million) on Wednesday, claiming the company unfairly squeezed rivals by setting wholesale Internet prices too high to allow them turn a profit.

  • EU Approves Purchase of Chrysler by Cerberus Tuesday, 3 Jul 2007 | 6:38 AM ET

    Private U.S. equity firm Cerberus won approval from the European Commission on Tuesday to buy the Chrysler operations of auto giant DaimlerChrysler, under a simplified procedure.

  • France will press its European Union partners for more time to balance its budget so that it can implement structural reforms, the country's Europe minister said in an interview published today.

  • Euro Inflation Holds Steady at 1.9% Friday, 29 Jun 2007 | 7:15 AM ET

    Inflation in the 13 nations that share the euro held steady at 1.9% in June while business and consumer confidence slipped slightly after soaring a month earlier, the European Commission said Friday.

  • EU Commission Blocks Ryanair's Bid for Aer Lingus Wednesday, 27 Jun 2007 | 6:02 AM ET

    The European Commission on Wednesday blocked an attempt by Ryanair to acquire rival Irish carrier Aer Lingus, marking only the second merger prohibition by the EU executive in four years.

  • Ryanair Boss Slams EU Aer Lingus Veto as Political Tuesday, 26 Jun 2007 | 12:15 PM ET

    Ryanair chief executive Michael O'Leary on Tuesday slammed a European Commission plan to veto its attempt to take over Irish rival Aer Lingus, calling the move politically motivated to appease Dublin.

  • Eurozone June Services Growth Best Since World Cup Thursday, 21 Jun 2007 | 7:04 AM ET

    Eurozone services growth unexpectedly powered ahead in June at its fastest clip since last year's World Cup soccer tournament while manufacturing expansion also gathered pace, suggesting interest rates have further to climb.

  • Mail delivery across the European Union should be liberalized by 2011, a panel of EU lawmakers recommended, backing countries such as France and Luxembourg seeking a postponement of the 2009 deadline proposed by the EU's executive arm.

  • The direction of bond yields will be the key factor for European stock markets next week, according to Bruno Verstraete, CEO of Nautilus Invest.