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  • DUBLIN— Ireland intends to sell its 25 percent stake in the Aer Lingus airline to IAG after receiving guarantees that the parent company of British Airways will increase employment and air links with the United States, the government announced Tuesday. It confirmed promises to keep Aer Lingus as a separate brand, to reserve its valuable landing slots at...

  • NEW YORK— Charter Communications agreed to buy Time Warner Cable on Tuesday for $55.33 billion. April: After more than a year, Comcast gives up on its bid to buy Time Warner Cable. November: London- based Liberty Global paid $13 billion for around 70 percent of Dutch cable provider Ziggo.

  • *IAG presents formal bid for Aer Lingus. DUBLIN, May 26- The Irish government agreed on Tuesday to sell its 25 percent stake in Aer Lingus to IAG, paving the way for the owner of British Airways and Iberia to make a formal bid to buy the Irish carrier. International Consolidated Airlines Group's proposed 1.36 billion euro offer for Aer Lingus was recommended by the...

  • European shares stumble on Spanish and Greek worries Tuesday, 26 May 2015 | 12:28 PM ET

    *Ryanair shares rise after airline's profits surge. LONDON, May 26- European stock markets stumbled on Tuesday as Greece's debt problems and a battering for Spain's government in local elections offset a rise in airline shares. Irish airline Ryanair surged 5.4 percent after posting higher profits.

  • NEW YORK, May 26- The U.S. dollar rallied on Tuesday after a string of healthy economic data boosted near-term rate hike prospects, while Greece's financial crisis and signs of growing opposition to austerity in Spain weighed further on the euro. Markets in the United States as well as London and Frankfurt returned to action after a long holiday weekend, with the...

  • *Government approval would leave takeover in Ryanair hands. DUBLIN, May 26- The Irish government expects to make a decision later on Tuesday on the potential sale of its 25 percent stake in Aer Lingus to IAG, the owner of British Airways and Iberia which offered to buy the Irish carrier in January. International Consolidated Airlines Group's proposed 1.36...

  • *OPEC meets next week; Iran sees no output change. Friday's weekly data showed U.S. drillers cut the number of rigs by just one last week and Goldman Sachs said prices were at a level that would spur activity, adding to a growing list of headwinds crude faces that include rising OPEC supply. On Sunday, Iran said the Organization of the Petroleum Exporting Countries...

  • FOREX-Dollar gains top 1 percent on U.S. rates outlook Tuesday, 26 May 2015 | 11:03 AM ET

    *Euro falls below $1.09, Greek concerns growing. The dollar climbed to its highest in nearly eight years against the Japanese yen and pushed the euro, already weighed down by anxieties over Greece's financial crisis, below $1.09 for the first time in a month. Against the yen, the dollar broke through longer-term resistance and topped 123 yen to a high of 123.28 yen, a...

  • *Profit up 66 pct in year to March 31. DUBLIN, May 26- Ryanair forecast a 10 percent rise in profit and passenger numbers in its current financial year as it targets more primary airports and improves its online offering to compete better with rivals such as easyJet and former flag carriers. Ryanair has made huge strides in catching up with rivals since launching...

  • Sterling near 2-1/2 month high against struggling euro Tuesday, 26 May 2015 | 10:15 AM ET

    LONDON, May 26- Sterling rose to a 2-1/ 2 month high against a struggling euro on Tuesday, with the single currency weighed down by Greece's debt problems and interest rate differentials moving in favour of the British pound. It was last trading at 70.87 pence, down 0.1 percent on the day, having been hit in recent days by a senior European Central Bank official who...

  • *Former trader Hayes goes on trial in London. LONDON, May 26- Tom Hayes, a former trader on trial for allegedly conspiring to rig benchmark interest rates, has admitted to being motivated by greed and was fired by U.S. bank Citigroup in 2010, the prosecution told a London court on Tuesday. Hayes is the first person to be prosecuted over manipulation of the London...

  • LONDON, May 24- For Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producing coal or tar sands is just the beginning. The second-year engineering student from Balliol College is not alone. Norway's $900 billion sovereign wealth fund and the Church of England are among recent...

  • DUBAI, May 26- Egypt has chosen banks to handle its return to the international bond market after a gap of five years, underlining a return of economic and political stability in the country after its Arab Spring uprising of 2011.. BNP Paribas, Citigroup, JP Morgan, Morgan Stanley and Natixis will arrange the investor meeetings for Egypt, which is rated B3/B-/B by...

  • LONDON— A British prosecutor says a former Citibank and UBS trader motivated by greed served as the ringmaster of the alleged manipulation of a key interest rate, the London Interbank Lending Rate, or Libor. The charges against trader Tom Hayes, who specialized in products pegged to yen-denominated Libor, relate to the period from August 2006 to September 2010.

  • LONDON, May 26- The next change to bank capital requirements in Britain is likely to be a tightening rather than a loosening as the economic recovery moves towards a peak, a Bank of England policymaker has said. Martin Taylor, a member of the BoE's Financial Policy Committee, said a global deal on banking standards was close and the industry in Britain was well...

  • Spanish and Greek concerns peg back European shares Tuesday, 26 May 2015 | 6:45 AM ET

    *Ryanair's shares rise after airline's profits surge. LONDON, May 26- European stock markets stumbled on Tuesday, as Greece's debt problems and a battering for Spain's government in local elections offset a rise in airline shares. Irish airline Ryanair surged 6.3 percent after posting higher profits.

  • LONDON— Apple innovator Jonathan Ive says he's been promoted to the company's chief design officer, making him one of the most powerful people in the world's most valuable company. Two others were also promoted: Richard Howard will become head of industrial design and Alan Dye will be the head of user interface. The designer from northeast London has led Apple's...

  • LONDON, May 26- European shares fell on Tuesday, the first day of the trading week for several markets after a long holiday, with a local-election battering for Spain's government and Greece's ongoing debt drama offsetting bumper airline results. Although Monday's poor local election result for the Madrid government had already hit Spanish stocks on Monday,...

  • WARSAW, May 26- The dollar rose 1 percent against a basket of currencies on Tuesday, extending gains since a round of improved inflation data last Friday and driving the euro below $1.09 for the first time in a month. In the first proper trade in London since a long holiday weekend, some pointed to growing nerves over Greece, as well as a fall back in German government...

  • LONDON, May 26- Boston- based PureTech Health plans to raise $160 million in a London listing, filling its coffers to fund product development and delivering a vote of confidence in the British life sciences sector. The move by the U.S. health technology firm follows a similar decision by California- based drug discovery group Verseon to raise $100 million in...