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  • Virgin Plans Business-Only U.S. Flights in 2008 Monday, 4 Jun 2007 | 7:36 AM ET

    Virgin Group founder Richard Branson plans business class-only flights with a fleet of up to 15 new planes, in a move which could spell trouble for upstart rivals in the competitive transatlantic market.

  • Telecom equipment maker Nokia Siemens Networks said Friday that it appointed Eric Simonsen as chief financial officer, effective June 1.

  • Cadbury to Cut Costs as Drinks Sale Nears: Source Friday, 1 Jun 2007 | 5:45 AM ET

    Cadbury Schweppes is planning to move out of its expensive central London offices as part of a cost-cutting drive that will be announced on June 19, a source familiar with the matter said on Friday.

  • Euro zone quarterly economic growth slowed as expected at the start of the year as consumer demand contracted and export growth plunged, data from European Union statistics office Eurostat showed on Friday.

  • ABN Amro urged a Royal Bank of Scotland-led consortium and Bank of America to settle their dispute over the acquisition of ABN's U.S. unit, LaSalle, as the subsidiary's future remains a sticking point in the takeover battle for the Dutch bank, the Financial Times reported Friday.

  • Swiss Re to Buy U.K. Life Book from Zurich: WSJ Friday, 1 Jun 2007 | 2:46 AM ET

    Swiss Re is set to buy nearly 4 billion pounds ($7.90 billion) worth of U.K. life insurance liabilities from Swiss insurer Zurich Financial, the Wall Street Journal said on Friday. Both Zurich Financial and Swiss Re declined to comment on the story, which said terms of the deal were not known.

  • Man Group's Full-Year Profit Increased 27% Thursday, 31 May 2007 | 8:03 AM ET

    Man Group, the world's largest publicly traded fund manager, said Thursday that full-year profit rose 27% after the company boosted the amount of funds under management.

  • Germany's unemployment rate dropped to 9.1% in May and the number of people out of work fell to a 5 1/2-year low amid a sustained pickup in Europe's biggest economy, government figures showed Thursday.

  • English Soccer Star Pay Set to Top 1 Billion Pounds Thursday, 31 May 2007 | 6:42 AM ET

    England's Premiership soccer players will earn more than 1 billion pounds ($1.97 billion) for the first time next season thanks to television, sponsorship and merchandising deals, a top accountancy firm said on Thursday.

  • ASML to Return $1.3 Billion to Investors Thursday, 31 May 2007 | 4:02 AM ET

    Dutch chip equipment maker ASML said on Thursday it will return about 960 million euros ($1.3 billion) to shareholders in combination with a reverse stock split to optimize its capital structure.

  • Swiss First-Quarter GDP Rises 2.4% Year-On-Year Thursday, 31 May 2007 | 2:53 AM ET

    Switzerland's first quarter gross domestic product grew a real (or inflation-adjusted) 0.8% from the fourth quarter of last year and increased a 2.4% year-on-year, the Swiss state secretariat for economic affairs (SECO) said.

  • Quatar

    European planemaker Airbus signed a deal with Qatar Airways for 80 A350XWB aircraft with a total list price of $16 billion. The order replaces a 2005 agreement for 60 planes.

  • TPG Withdraws Alitalia Bid, Two Buyers Left Wednesday, 30 May 2007 | 10:11 AM ET

    A consortium led by U.S. private equity company TPG has withdrawn from a bid for Alitalia, leaving just two possible buyers for the Italian state's controlling stake in the loss-making airline.

  • Portugal Telecom Made No Offer for Telemar Wednesday, 30 May 2007 | 10:06 AM ET

    Portugal Telecom said on Wednesday it has not made an offer to buy shares in Brazilian telecoms operator Telemar.

  • Portuguese Strike Falls Short on Effect Wednesday, 30 May 2007 | 10:02 AM ET

    A national strike by Portugal's largest labor union disrupted public services Wednesday, but the protest against the government's economic reforms largely fell short of its anticipated impact.

  • ABN Amro Supervisory Board Steps into Takeover Battle Wednesday, 30 May 2007 | 4:30 AM ET

    ABN Amro's supervisory board is getting more involved in the Dutch bank's takeover battle after a consortium led by Royal Bank of Scotland launched a bid, ABN said on Wednesday.

  • Ford Selling Volvo? BMW Interested Tuesday, 29 May 2007 | 11:06 AM ET
    volvo_grill_AP.jpg

    Here's one to get the auto world buzzing. There are reports out of Europe that Ford is considering selling its Volvo brand to BMW. This could be an intriguing deal for both companies. But would it make sense? I'm not so sure.From Ford's perspective, Volvo is the best selling and most valuable brand in Ford's Premier Auto Group (Jaguar and Land Rover are the other brands) and has long been considered the asset "most likely to be sold." In fact, the Ford board has reportedly kicked around the idea of selling Volvo for some time.

  • EU Seeks Asian Cooperation on Global Crises, Rights Sunday, 27 May 2007 | 10:52 PM ET

    The European Union will seek cooperation from China and other Asian states on international crises ranging from Kosovo to Iran and Sudan in two days of meetings starting in Hamburg onMonday.

  • Nasdaq to Buy Scandinavia's OMX for $3.67 Billion Friday, 25 May 2007 | 8:46 AM ET

    The Nasdaq Stock Market agreed to buy Nordic stock exchange operator OMX for $3.67 billion Friday, as Nasdaq seeks to expand abroad following a series of rival stock market mergers.

  • A consortium of banks led by Royal Bank of Scotland will decide by May 29 whether it will make an official bid for the Netherlands' ABN Amro, it said in a statement Friday.