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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.
Germany's HeidelbergCement said on Thursday it was looking at the possibility of acquiring British building materials company Hanson.
Truck maker MAN, which failed in its plan to buy Scania, said Thursday its first-quarter profit rose 47% as demand for its trucks and cost-cutting plans bore fruit for the company.
Luxury car maker BMW said Thursday its first-quarter profit dropped 38% as it spent more money on launching new models and because last year's figure included a one-time gain.
More than 60,000 workers in Germany's engineering and metalworking sector took part in temporary stoppages on Wednesday, turning up the pressure on employers the day before a key round of wage negotiations.
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.