Greece to break up state power company for money
Greece's conservative-led government on Wednesday announced plans to break up the state-run Public Power Corporation by 2016, as part of a ...
Swiss to crack down on business, sports bribery
The Swiss government wants to broaden its anti-corruption laws to make bribery a criminal offense in almost all cases. The move follows criticism from ...
Allianz: Low rates to keep earnings under pressure
Low losses from natural disasters and higher prices in the key markets of Germany, Turkey and Latin America lifted profits at German insurance company ...
Asia stocks up as US small business mood improves
Enthusiasm on Wall Street sparked by another positive report on the U.S. economy helped push most Asian stock markets higher Wednesday. The National ...
Chains grapple with how to improve safety
While several more global clothing chains on Tuesday were announcing that they agreed to a historic pact to improve factory conditions in Bangladesh, ...
EU probes oil companies for possible price-fixing
European anti-trust authorities have launched investigations into at least three oil companies on suspicion of price-fixing. Britain's BP, Royal Dutch ...
Intesa bank Q1 profits down 62 percent
Italian bank Intesa SanPaolo says first-quarter earnings fell 62 percent due to lower interest income and higher loan losses. The bank reported ...
Croatia Airlines goes on strike over pay cuts
Croatia Airlines pilots and flight attendants went on strike Tuesday over planned salary cuts and layoffs that are part of efforts to restructure the ...
Economy hurts Deutsche Post DHL freight business
Mail, express delivery and freight company Deutsche Post DHL saw its profits dip in the first quarter as the weak global economy saw companies ship ...
Visa to lower some card fees in EU antitrust probe
The European Union says Visa has agreed to reduce some credit card payment fees significantly to address concerns raised by the bloc's antitrust ...
Airbus sales drive Q1 profits at parent company
European aerospace company EADS said strong deliveries by airplane maker Airbus helped drive higher earnings in the first quarter and laid out the ...
Dutch won't charge company in Israeli barrier case
In a blow to pro-Palestinian activists, Dutch authorities said Tuesday they will not prosecute a company on war crimes charges for renting out ...
Higher prices for MS drug help drug firm Merck
Higher prices for its multiple sclerosis drug Rebif helped German pharmaceutical and high-tech materials company Merck KGaA post a 54 percent rise in ...
Big retailers back safety accord in Bangladesh
Some of the world's largest retailers have agreed to a first-of-its-kind pact to improve safety at some of Bangladesh's garment factories following ...
Search ends in Bangladesh; death toll put at 1,127
Several of the biggest Western retailers embraced a plan that would require them to pay for factory improvements in Bangladesh as the three-week ...
Hospital to probe East German medical trials
Berlin's renowned Charite hospital said Monday it plans to investigate allegations that patients in communist East Germany were used as unwitting ...
Virgin America posts 2012 loss; eyes possible IPO
Virgin America said it's close to turning around its financial losses and could be ready for an initial public offering as early as next year.
Nations agree to new chemical ban, export controls
A summit on chemicals and hazardous wastes ended Friday with an agreement to globally phase out a widely used flame retardant and to accept stricter ...
Telecom Italia fined by Italy's antitrust agency
Italy's antitrust agency has fined Telecom Italia €103.79 million euros ($134.8 million), alleging that the Italian telecommunications company abused ...
IAG, parent of BA, loses 630 million euros in 1Q
International Airlines Group, which owns British Airways and Iberia, says it is still struggling to integrate the Spanish airline into its operations ...
ArcelorMittal affirms 2013 targets despite Q1 loss
ArcelorMittal SA, the world's largest steelmaker, slumped to a first-quarter loss, even as the company's chief executive said restructuring efforts ...
Unicredit 1Q earns drop by half
Italy's largest bank, Unicredit, reports net profit dropped by half in the first quarter of 2013 due to lower interest and trading income. The bank ...
Bangladesh factory collapse death toll hits 1,034
The death toll from a garment factory building that collapsed more than two weeks ago outside the Bangladeshi capital soared past 1,000 on Friday, ...
Increased output boosts profit at Spain's Repsol
Spanish oil and gas company Repsol says its first quarter net profit rose 1.6 percent thanks to increased production and better refining margins.
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