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  • The owners of a tour bus that collided with a tractor-trailer on a Pennsylvania highway say the bus driver was one of the three killed in the crash. Academy says the bus was en route from New York to Niagara Falls when the accident occurred Wednesday on Interstate 380 in eastern Pennsylvania. Authorities say a collision between a bus carrying Italian tourists...

  • TOBYHANNA, Pa.— A charter bus taking Italian tourists to Niagara Falls collided with a tractor-trailer Wednesday on an eastern Pennsylvania highway, killing the bus driver and two others on the bus and leaving four people in critical condition, authorities said. The crash occurred shortly after 10 a.m. on Interstate 380 in the Pocono Mountain region as the bus,...

  • Diesel founder Renzo Rosso, chairman and main shareholder of Maison Margiela's parent OTB group, said sales were already up 20 percent at the fashion house even though only a few of Galliano's pieces had so far reached the shelves. Galliano, widely hailed as one of the most talented designers of his generation, fell from grace in 2011 after a video went viral of him...

  • *Croatia to sign oil, gas exploration licences in June/July. SALI, Croatia, June 1- When Croatia announced in 2013 it would set a tender to explore for oil and gas in its pristine Adriatic waters, the government evoked the hydrocarbon riches of Norway to win over the plan's many detractors. "If it's not dangerous for Norway or Scotland, it shouldn't be dangerous for us,"...

  • AMSTERDAM/ PARIS/ DUBLIN, June 1- Across the euro zone, bank compliance officers dream about saying "No" to their new regulator in Frankfurt. The European Central Bank is living up to its promise of being an intrusive and hands-on banking supervisor with a constant demand for data, including minutes of board meetings and regular on-site visits.

  • Rough close for Europe   Friday, 29 May 2015 | 11:28 AM ET
    Rough close for Europe

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including action in Greece.

  • HANGZHOU, China/ BEIJING, May 29- Huarong Asset Management Co Ltd is poised to become the second Chinese bad loan firm to auction soured loans online amid a push by the government to settle these debts as the economy slows, an executive at e-commerce giant Alibaba Group Holding Ltd said. China Cinda Asset Management Co, the second largest, earlier this year launched...

  • As Greece leads the news, Italy’s problems mount Friday, 29 May 2015 | 3:18 AM ET
    Italian Prime Minister Matteo Renzi greets leaders arriving for a meeting of G7 leaders on March 24, 2014 in The Hague, Netherlands.

    While Greece has been hitting the headlines recently, Matteo Renzi has quietly had a tough few months.

  • GE taps Deutsche to sell Italian lender: Sources Thursday, 28 May 2015 | 6:31 PM ET
    General Electric GE

    GE picked Deutsche Bank to sell Italian lender GE Capital Interbanca as part of a strategic review to refocus its industrial base, sources said.

  • LONDON, May 28- General Electric Co has picked Deutsche Bank to sell Italian lender GE Capital Interbanca as part of a strategic review to refocus the U.S. conglomerate around its industrial base, two sources familiar with the matter said. Deutsche Bank could conduct a piecemeal sale and offload Interbanca's units such as lending, factoring, leasing and fleet as...

  • BRUSSELS, May 28- The European Commission said on Thursday it had asked Paris for more information on a new French law on taxis and chauffeured cars following a complaint from mobile phone taxi-booking service Uber. In November Uber filed a complaint with the Commission against the French law, arguing it favoured regular taxis at Uber's expense and that France...

  • BRUSSELS, May 28- The European Commission said on Thursday it had asked Paris for more information on a new French law on taxis and chauffeured cars following a complaint from mobile phone taxi-booking service Uber. In November Uber filed a complaint with the Commission against the new French taxi law, arguing it favored regular taxis at Uber's expense and that...

  • Italian yields firm as auction points to market stability Thursday, 28 May 2015 | 11:31 AM ET

    *Italy sells 6.9 billion euros of bonds. Italy sold 6.9 billion euros of five-, 10- and 17- year bonds, towards the upper end of a 5- 7 billion euro targeted range, with the yield on the 10- year paper rising to its highest at auction since December 2014. Italian 10- year yields edged up slightly after the sale to 1.87 percent as markets digested the new supply, but the move...

  • European markets close: G7 Greek warning   Thursday, 28 May 2015 | 11:28 AM ET
    European markets close: G7 Greek warning

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the G7 finance ministers meeting.

  • *Italy sells 6.9 billion euros of bonds. Italy sold 6.9 billion euros of five-, 10- and 17- year bonds, towards the upper end of a 5- 7 billion euro targeted range, with the yield on the 10- year paper rising to its highest at auction since December 2014. Economy Minister George Stathakis said Greece and its international creditors had converged on key points.

  • MELFI, Italy, May 28- Fiat Chrysler Chief Executive Sergio Marchionne is convinced there will be another merger deal in the carmaking industry within the next three years, he said on Thursday, not denying reports that he sent an email earlier this year courting U.S. rival General Motors. "I am absolutely certain that before 2018 there will be a merger," Marchionne...

  • Etihad Airways profit jumps by over half to $73 million Thursday, 28 May 2015 | 4:53 AM ET

    DUBAI, United Arab Emirates— Etihad Airways, the United Arab Emirates' fast-growing national carrier, said Thursday its profit rose by more than half to $73 million last year but warned that "aggressive protectionist sentiment" in the West threatens its future prospects. The government-backed airline, which has bought up stakes in several foreign carriers...

  • Italy will sell five-, 10- and 17- year bonds and while the sales are expected to be taken down smoothly, some strategists said a lack of clarity over Greece may see jittery post-auction trading. Lower-rated euro zone bonds had rallied Wednesday after Greek officials spoke optimistically of reaching a cash-for-reforms deal, with economy minister George...

  • Lamborghini signs deal to build new SUV in Italy Wednesday, 27 May 2015 | 1:31 PM ET

    MILAN— Super sports carmaker Lamborghini confirmed Wednesday it will enter the luxury SUV market and signed a deal to produce the new vehicle in Italy after receiving more than 80 million euros in government incentives. Lamborghini CEO Stephan Winkelmann said at the signing ceremony in Rome with Premier Matteo Renzi that the Italian package "was the most...

  • European markets close: Not a good environment   Tuesday, 26 May 2015 | 11:27 AM ET
    European markets close: Not a good environment

    CNBC's Simon Hobbs reports on all the market movers in Europe today, including Monte Paschi and Ryanair.