CNBC's Simon Hobbs reports on all the market moving events in Europe today, including January industry production data falling, and earnings misses.» Read More
*E.ON to close 13 GW of plants, Enel to mothball 8 GW. DUESSELDORF, Germany/ MILAN, March 12- E.ON and Enel, two of Europe's largest power utilities, said on Wednesday they plan to shut more plants and cut costs, joining rivals in warning that the industry crisis will weigh on profits for years to come.
*Italy no longer cause for alarm among foreign investors. Italy's largest bank by assets UniCredit and troubled lender Monte dei Paschi di Siena this week announced the write-downs- of 13.7 billion and 2.75 billion euros respectively- as they prepare for an industry-wide health check that European lenders are undergoing this year.
*Ireland set to resume regular debt auctions on Thursday. LONDON, March 12- Ireland's yields hit record lows on Wednesday a day before it returns to market with its first regular bond auction since exiting an international bailout in December.
*Enel cuts dividend to 0.13 euros from 0.15 euros/ share. DUESSELDORF, Germany/ MILAN, March 12- E.ON and Enel, two of Europe's largest power utilities, are to shut more plants and cut costs, they announced on Wednesday, joining rivals in warning that the industry crisis will weigh on profits for years to come.
*Italy selling new 10- year inflation-linked bonds. LONDON, March 12- Italian bond yields rose further from eight-year lows on Wednesday as Rome launched a new. Italy underperformed top-rated euro zone bonds, which were rallying on growth and credit concerns in China as well as mounting tensions in Russia's standoff with western countries over Ukraine.
MILAN, March 11- UniCredit posted a record 14 billion-euro loss on Tuesday due to huge writedowns on bad loans and past acquisitions as it moved to clean up its balance sheet ahead of an industry-wide health check by European regulators.
NEW YORK, March 10- Sbarro LLC, the pizza restaurant chain, on Monday filed for bankruptcy protection for the second time in less than three years, after struggling with too much debt and lower customer traffic in the malls that house many of its restaurants.
"Europe is about three years behind the United States. The recovery both in the macroeconomy and stock prices is lagging, that's why U.S. investors are coming in now, "said Joseph Oughourlian, CEO of London- based hedge fund Amber Capital.
ROME, March 9- An ambitious Italian plan for tax cuts to be announced this week will respect European Union deficit limits, Prime Minister Matteo Renzi said on Sunday.
PORCIA, Italy, March 9- The boxy white and grey factory of this rainy northern town makes fewer than half the washing machines it did when Italy joined the euro. Home appliance maker Electrolux, which owns the factory, wants to cut the salaries of some 5,000 workers at the plant and three other factories across Italy by up to 15 percent over the next three years.
*Malaysia Airlines says "fearing the worst". KUALA LUMPUR/ PHU QUOC ISLAND, Vietnam, March 9- M alaysia Airlines said it was "fearing the worst" on Sunday for a plane carrying 239 people that went missing more than 24 hours ago, as the government said it was investigating four passengers who may have held false identity documents.
*Malaysia Airlines flight loses contact hour after takeoff. KUALA LUMPUR/ HO CHI MINH CITY, March 9- A Malaysia Airlines flight carrying 227 passengers and 12 crew was presumed to have crashed off the Vietnamese coast on Saturday, and European officials said two people on board were using false identities.
*Independent crude shipment to market challenges Tripoli. TRIPOLI, March 8- Libya threatened on Saturday to bomb a North Korean-flagged tanker if it tried to ship oil from a rebel-controlled port, in a major escalation of a standoff over the country's petroleum wealth.
*Malaysia Airlines flight loses contact about one hour after takeoff. *Kuala Lumpur- Beijing flight carrying 227 passengers and 12 crew. "We are not ruling out any possibilities," Malaysia Airlines CEO Ahmad Jauhari Yahya told a news conference.
*Independent crude shipment to market challenges Tripoli. TRIPOLI, March 8- Libya threatened on Saturday to bomb a North Korean-flagged tanker if it tries to export oil from a rebel-controlled port east of Tripoli, in a major escalation of a standoff over the country's petroleum wealth.
*Navy threatened tankers loading crude at seized ports. TRIPOLI, March 8- Armed protesters controlling ports in eastern Libya said on Saturday they had started independently exporting oil, bypassing the central government in a major escalation of their blockade to demand a share of the nation's petroleum wealth.
DETROIT, March 7- Fiat Chrysler Automobiles Chief Executive Sergio Marchionne made salary and stock awards worth $307,989 last year for heading Chrysler Group LLC, according to a filing with U.S. regulators by the American automaker on Friday. Fiat SpA, based in Italy, and Chrysler Group LLC, headquartered in Michigan, were merged in January.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, as traders become wary of Ukraine event risk.
MILAN, March 7- A Milan appeals court has acquitted four international banks, including JPMorgan and UBS, found guilty in an earlier trial of mis-selling derivatives to the city of Milan.
WASHINGTON, March 6- President Barack Obama on Thursday ordered sanctions on people responsible for Moscow's military intervention in Ukraine's Crimea Peninsula, including travel bans and freezing of their U.S. assets, and said a referendum by the region to join Russia would violate international law.