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  • Vacationers to Europe will fare better with the average ticket down 3 percent to $1,619, about $50 less than last summer. Flights to Hawaii, Florida and New Orleans are cheaper, but travelers heading to New York, Denver and San Francisco can expect to pay more. Overall fares are down but it will cost more this summer to fly to cities like Amsterdam; London; Budapest,...

  • Dutch launch criminal investigation into Uber Friday, 17 Apr 2015 | 9:37 AM ET

    AMSTERDAM, April 17- Dutch prosecutors launched a criminal investigation into Uber for providing an illegal taxi service in violation of a court order, a statement said on Friday. It ordered Uber to stop offering it under threat of a 100,000 euro fine. Dutch prosecutors, who raided Uber's offices in March, said they were starting an inquiry after police in...

  • Schlumberger is cutting another 11,000 jobs, bringing the total to 20,000 this year, as slumping oil prices squeeze the world's largest oilfield services companies. Schlumberger's profit tumbled 39 percent in the first quarter with oil companies cutting back on production in North America. Schlumberger has slashed spending to adapt, yet the fall-off has...

  • Schlumberger beats 1Q profit forecasts Thursday, 16 Apr 2015 | 4:13 PM ET

    THE HAGUE, Netherlands _ Schlumberger NV on Thursday reported first-quarter profit of $975 million. The average estimate of 19 analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share. Fifteen analysts surveyed by Zacks expected $10.67 billion.

  • LONDON, April 16- BP shareholders voted overwhelmingly on Thursday to publish regular updates on how its strategies were affecting climate change from next year, making it one of the first global oil companies to disclose such details. Some of BP's top 20 shareholders including Norway's sovereign wealth fund, Schroders and AXA Investment Management, had...

  • AMSTERDAM, April 16- Chief Executive Sergio Marchionne wants Fiat Chrysler Automobiles to play a key role in a consolidation of the global auto industry which he sees as inevitable to manage prohibitive capital costs. Speaking on Thursday to shareholders in Amsterdam, away from Fiat's historic roots in Turin and Chrysler's in Detroit, Marchionne said: "We...

  • Airbus plans exceptional 10 pct buyback, new legal status Wednesday, 15 Apr 2015 | 5:23 PM ET

    PARIS, April 15- Airbus Group will ask shareholders to approve an exceptional share buyback of up to 10 percent of its capital at its annual meeting on May 27, the aerospace group said on Wednesday. Airbus is also pressing ahead with previously announced plans to adopt " European Company" status. Holding company Airbus Group N.V. would be renamed Airbus Group SE and...

  • 4 ways a surging dollar rattles world economies, markets Wednesday, 15 Apr 2015 | 11:28 AM ET

    WASHINGTON— The U.S. dollar hasn't been on a roll like this since Ronald Reagan sat in the White House and "Raiders of the Lost Ark" ruled the box office. Delta Air Lines said Wednesday that the strong dollar is hurting ticket sales in some foreign markets and announced plans to pull back international service, primarily in Japan, Brazil, India, Africa and the Middle...

  • AMSTERDAM, April 14- The Dutch government said it would immediately implement a court order to halt production in part of Europe's largest gas field after a ruling that raised industry concerns of further output curbs because of safety fears over earthquakes. In a preliminary ruling on Tuesday, the Council of State ordered the government to a halt production...

  • AMSTERDAM, April 14- A Dutch court halted production in part of Europe's largest gas field in the province of Groningen, raising industry concerns that further curbs could be ordered because of safety fears over earthquakes. In a preliminary ruling on Tuesday, the Council of State said it would order a halt to production around the village of Loppersum in the...

  • Anthony Conti, a onetime senior trader at the Dutch lender based in London and Utrecht, Netherlands, became the second defendant to waive extradition and appear in Manhattan federal court to fight U.S. charges over Libor manipulation. He will face a jury trial on Oct. 5 alongside another ex-Rabobank employee, Anthony Allen, a U.K. citizen who was the bank's former...

  • After Greece made a crucial repayment to the International Monetary Fund, yields on 10 year Greek bonds fell to 11.17 percent, their lowest this month, on relief that the cash-strapped country had not, for now at least, run out of money. Spain sold 1.28 billion euros of its 30- year bond at an average yield of 2.068 percent, with demand outstripping offers by 1.4 times,...

  • THE HAGUE, Netherlands— A Dutch court has sentenced a meat processor to 30 months imprisonment for a massive fraud operation in which he illicitly sold horse meat as more expensive beef. The district court in Den Bosch ruled Tuesday that Willy Selten's fraud misled food companies and consumers who unwittingly bought beef mixed with horse meat instead of pure...

  • FedEx agrees to take over Dutch rival TNT Express Tuesday, 7 Apr 2015 | 3:52 AM ET

    THE HAGUE, Netherlands— FedEx has agreed to take over Dutch delivery company TNT Express for 4.4 billion euros, bolstering its global business with an acquisition that rival UPS had tried but failed to complete two years ago. FedEx said Tuesday it reached a conditional agreement with TNT Express' management on an all-cash offer of eight euros per TNT share.

  • UniQure's shares jumped more than 55 percent on Monday after Bristol-Myers said it would pick up a 4.9 percent stake in the company. UniQure's gene therapy drug, Glyberan, went on sale last year priced at 1.1 million euros. Bayer AG struck a gene therapy deal with Dimension Therapeutics in June, while France's Sanofi SA has a long-standing tie-up with Oxford...

  • *Volvo, Asos, SABMiller among firms pursuing natural hedges. Last month it announced plans to build a $500 million plant in the United States, looking past the dollar's current strength to build in a longer-term protection. "We're eliminating short-term currency fluctuations, which are never good for long-term commitment to customers in different regions, and...

  • AMSTERDAM, March 27- The Amsterdam region suffered a power blackout of more than five hours on Friday that hit a million households, forced flights to divert from Schiphol airport and disrupted national public transport networks. After more than two hours without power, lights switched back on in the Amsterdam financial district and gradually returned to...

  • AMSTERDAM, March 27- Lights were coming back on in the Amsterdam region after a power outage on Friday morning that lasted over two hours and caused blackouts across the city, including at its airport, public transport, hospitals and its financial district. Major delays were expected at Amsterdam's Schiphol airport as a result of the outage, which briefly caused...

  • AMSTERDAM, March 27- Power had been restored at Amsterdam's Schiphol airport after a major outage hit the Dutch capital and surroundings on Friday morning, an airport spokeswoman said.

  • POWER RESTORED AT AMSTERDAM SCHIPHOL AIRPORT, BUT INCOMING FLIGHTS STILL BEING DIVERTED- SPOKESWOMAN.