• Royal Dutch Shell has made a new offer to Gazprom on terms for the state-controlled Russian natural gas giant to join a Shell-controlled energy project off the Pacific island of Sakhalin, a company official said Monday.

  • French Bank Chief Francis Mayer Dies Monday, 11 Dec 2006 | 3:52 AM ET

    Francis Mayer, chairman and chief executive officer of French state-owned bank CDC, has died at age 56 in Paris.

  • Italy to Sue Autostrade in Blow to Abertis Deal Monday, 11 Dec 2006 | 2:53 AM ET

    The board of Italy's highways regulator, ANAS, has decided to sue highway operator Autostrade  for failing to make $2.7 billion in investments stipulated by its tollways license.

  • Scania Chief Apologizes for 'Blitzkrieg' Comments Friday, 8 Dec 2006 | 6:37 AM ET

    Swedish truckmaker Scania's chief executive apologized Friday for drawing parallels between German rival MAN's hostile takeover bid and Nazi tactics during World War II.

  • EU Clears AOL-Carphone Warehouse Deal Friday, 8 Dec 2006 | 6:32 AM ET

    The European Commission on Friday approved the acquisition of America On Line's British Internet access business by Carphone Warehouse Group, seeing no antitrust problems.

  • Glaxo to Buy Biotech Domantis for $450 Million Friday, 8 Dec 2006 | 4:32 AM ET

    GlaxoSmithKline has agreed to buy privately owned biotech company Domantis Ltd, a specialist in developing a new generation of antibody drugs, for 230 million pounds ($452.8 million).

  • German Consumer Confidence Survey at 5-year High Friday, 8 Dec 2006 | 3:48 AM ET

    German consumer confidence has edged up to a new five-year high as shoppers eye purchases ahead of a planned New Year increase in value-added tax and unemployment falls, according to a survey released Tuesday.

  • As expected the European Central Bank raised short-term interest rates to 3.5% from 3.25% and ECB President, Jean-Claude Trichet, has signalled that more hikes are on their way.

  • Bouygues Third-Quarter Profit Jumps 36% Thursday, 7 Dec 2006 | 4:50 AM ET

    French construction and telecom company Bouygues said Thursday strong growth in its construction and road building businesses boosted profit by 36%  in the third quarter.

  • Italian Block of Autostrade Deal Upheld Thursday, 7 Dec 2006 | 4:03 AM ET

    An Italian administrative court has ruled in favor of a government decision to block Autostrade's deal with Spanish infrastructure company Abertis Infraestructuras, Autostrade said Thursday.

  • U.K. Economic Growth Outlook Rises Wednesday, 6 Dec 2006 | 8:48 AM ET

    Gordon Brown, the U.K.’s Chancellor of the Exchequer, raised the growth forecast for Britain's economy Wednesday to an annual rate of 2.75% for 2006, compared to earlier forecasts of 2% to 2.5%.

  • ISS Recommends "Yes" on NYSE Merger Vote Wednesday, 6 Dec 2006 | 5:25 AM ET

    ISS, a global proxy advisory firm, recommended that Euronext shareholders vote in favor of the pan-European exchange's planned merger with New York Stock Exchange NYSE Group, Euronext said on Wednesday.

  • Porsche's August-November Sales Up Wednesday, 6 Dec 2006 | 5:21 AM ET

    Luxury automaker Porsche's sales in the first four months of its fiscal year were up nearly half a percent thanks to demand for its 911 and Boxster models, but the company said Wednesday it anticipated little growth until it releases its new Panamera in 2009.

  • Cyber Santa Shines Light in Europe's Retail Gloom Wednesday, 6 Dec 2006 | 5:12 AM ET

    Santa Claus is as likely to be coming through cyberspace in Europe this year as down the chimney stack.

  • Tesco Buys 8 Makro Stores in Malaysia Wednesday, 6 Dec 2006 | 4:04 AM ET

    Tesco, Britain's largest supermarket chain, said Wednesday it bought the Makro cash and carry business in Malaysia for an undisclosed sum.

  • Royal Bank of Scotland Bullish on Full-Year Results Wednesday, 6 Dec 2006 | 3:57 AM ET

    Royal Bank of Scotland Group said Wednesday that its full-year results are likely to be slightly higher than the market consensus due to growing income and efficiency gains.

  • Arcelor Mittal Sheds Thueringen Steel Plant Wednesday, 6 Dec 2006 | 3:52 AM ET

    Arcelor Mittal announced Wednesday it will sell the German steel company Stahlwerkl Thueringen to Spain's Grupo Alfonso Gallardo as part of its commitment to soothe EU antitrust worries.

  • Cable Company NTL Abandons ITV Bid Wednesday, 6 Dec 2006 | 2:51 AM ET

    Cable and telephone company NTL said Wednesday it has abandoned its takeover bid for Britain's largest independent television broadcaster ITV PLC and will concentrate on integrating its business units.

  • HSBC Says Revenue Growth Slows Tuesday, 5 Dec 2006 | 4:07 AM ET

    Europe's biggest bank HSBC Holdings  said on Tuesday its financial performance in the third quarter was ahead of a year ago but its underlying revenue growth slowed from the first half of the year.

  • Woolworths Says Sales May Not Meet Forecasts Tuesday, 5 Dec 2006 | 3:38 AM ET

    Woolworths Group, a British retailer of goods ranging from food to DVDs, said Tuesday it may not meet analysts' forecasts after sales fell in October and November.