Economy

EU clears Random House, Penguin merger deal
The European Union's antitrust watchdog on Friday gave its green light to the proposed merger of Penguin and Random House that will create the world's ...
France will barely grow in 2013, minister warns
France's finance minister is warning that the country will barely grow this year. Finance Minister Pierre Moscovici told an economic conference on ...
German industrial orders rebound in February
Industrial orders in Germany rebounded more strongly than expected in February, a promising sign for first-quarter growth in Europe's biggest economy.
Asia, US sales push Mercedes to record month
Daimler AG says its mainstay Mercedes-Benz luxury brand recorded the best monthly sales figures in its history in March despite weak car markets in ...
Poll: Germans back Merkel's crisis management
A new poll shows Germans widely approve of Chancellor Angela Merkel's crisis management following a bailout deal for Cyprus, suggesting it remains a ...
Japan's Nikkei jumps above 13,000 on BOJ stimulus
Japan's benchmark stock index surged to its highest level in more than four years Friday, its second straight day of big gains after the central bank ...
Lagardere to sell off stake in EADS by July
Lagardere has confirmed its intention to sell its stake in European aerospace and defense giant EADS by the end of July. The French multinational ...
Draghi: ECB looking at new tools for growth
With the economy shrinking and unemployment rising, the head of the European Central Bank said it was looking at new measures to stimulate growth if ...
Greek leftist launches pro-drachma party
A veteran left-wing politician in Greece has launched a new political party favoring the country's return to the drachma, despite strong public ...
Heir to Johnson & Johnson fortune dies at 76
She was a Polish farmer's daughter who emigrated to the United States, a maid who worked for a wealthy American heir, and a third wife who inherited ...
Greece's creditors start new austerity inspection
Greece's conservative prime minister said the country is showing its first signs of recovery, as international debt inspectors returned to Athens ...
New airport in German city opens to criticism
Germany has a new 271 million-euro ($348 million) airport that critics are already calling a waste of money. The Kassel-Calden Airport in central ...
ECB leaves key rate at 0.75 percent
The European Central Bank has left its key interest rate unchanged at a record low of 0.75 percent, holding off on further stimulus for the euro ...
Top EU official worried by north-south divide
A top European Union official says he's worried by a widening gap between the continent's financially troubled countries — mostly in the south — and ...
Spain sells bonds with ease despite Cyprus crisis
Spain has sold 4.31 billion euros ($5.53 billion) in bonds at relatively stable interest rates, indicating the financial crisis in Cyprus is having ...
Finnair appoints new CEO
Finnair says it has found a new chief executive to replace Mika Vehvilainen, who left at the end of February to head Finnish cargo and load handling ...
Asia stock markets fall on weak US economic data
Weak economic reports on hiring and service industry growth in the U.S. sent Asian stock markets lower Thursday. The Institute for Supply Management ...
Cyprus to build gas plant with or without Israel
Cyprus' offshore natural gas deposits are enough to warrant the construction of a gas processing plant to export excess supply, regardless of whether ...
Scientists find possible hint of dark matter
It is one of the cosmos' most mysterious unsolved cases: dark matter. It is supposedly what holds the universe together. We can't see it, but ...
Greece ends tax spat ahead of new inspection
Parties in Greece's coalition government announced a compromise Wednesday over an emergency tax seen as a symbol of harsh austerity measures — a move ...
Pressure mounts on Portuguese government
Opposition parties in Portugal presented a motion of no confidence in the government Wednesday, giving voice to widespread discontent as the ...
IMF agrees to its part of Cypriot bailout
The International Monetary Fund said Wednesday it will contribute 1 billion euros to an overall financial rescue package of 10 billion euros ($12.
ING Dutch arm suffers computer glitch
Hundreds of customers at ING Groep NV's Dutch arm have taken to social media to complain that their bank accounts are abruptly showing incorrect ...
Austrian court rejects challenge to euro fund
Austria's constitutional court has thrown out a challenge against the ratification of the euro area's rescue fund, the European Stability Mechanism.
Angry Birds maker sees profits surge
Mobile game developer Rovio Entertainment Ltd. says the popular Angry Birds franchise helped it double revenue in 2012, with net profit surging more ...