Siemens plans to offer more than $6.1 billion for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.» Read More
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.
Here some of Wednesday's big movers on European stock markets: Alliance Boots, WM Morrison, Sainsbury, Tesco, Volkswagen, EADS, Xstrata and Deutsche Postbank.
Germany's trade surplus grew more than expected in January after a surprisingly big drop in imports, Federal Statistics Office data showed on Friday.
Germany's BMW, the world's largest premium carmaker, said on Thursday its 2006 pre-tax profit rose by a quarter to a record 4.124 billion euros ($5.4 billion) on buoyant demand for its top selling 3-Series sedan.
Here some of Wednesday's big movers on European stock markets: Telekom Austria, Scania, Resolution, MAN, Iberia, Endesa, Vallourec, Lloyds TSB, RBS and ITV.
German utility E.On, which is trying to acquire Spain's Endesa in a 41 billion euro ($53.71 billion) deal, on Wednesday reported a 32% drop in net profit in 2006 from the year before, when the bottom line was bolstered by special items.
Shares in Adidas edged lower in Frankfurt on Wednesday after the company posted full-year earnings slightly below analysts' expectations and the order backlog at its Reebok business also disappointed investors.
Volkswagen said Wednesday it has increased its holdings in Swedish truckmaker Scania to more than 35% of the voting rights, in an attempt to pave the way for a friendly alliance with German rival MAN.
The chief executive of DaimlerChrysler, Dieter Zetsche, said it would be difficult to break up Chrysler, as analysts and other experts have speculated recently, due to an integrated production system that binds together its various brands, The New York Times said.
DaimlerChrysler Chief Executive Dieter Zetsche said last month's announcement that all options are on the table for Chrysler has hurt the U.S. car maker's sales, CNBC's Phil LeBeau reported. "Yes, we have seen an impact," Zetsche told LeBeau in a 30-minute interview at the Geneva Motor Show.