Diageo to replace long-serving CEO
Diageo, the world's largest distiller, said Tuesday it will replace its long-serving CEO, Paul Walsh, with Ivan Menezes, the chief operating officer.
Commerzbank loses $123M in Q1 due to restructuring
Germany's Commerzbank said Tuesday it lost 94 million euros ($123 million) in the first quarter after taking heavy charges for future job reductions ...
Societe Generale's profits fall on liability loss
Societe Generale says its net profit fell 50 percent in the first quarter of the year, as it took a 1 billion-euro ($1.3 billion) loss in reevaluating ...
Low disaster costs give Munich Re a Q1 profit lift
Reinsurer Munich Re said Tuesday its first-quarter net profit rose 25 percent as the company saw modest outlays for natural disasters and raised its ...
German insurer Allianz sees broad-based Q1 gains
German insurance company Allianz SE says preliminary figures show a strong increase in first quarter profits as a result of improvement across all of ...
Strong Asian sales give Carlsberg a boost
Danish brewer Carlsberg says it returned to profit in first quarter of 2013 on the back of good sales in Asia and eastern Europe. Net profit was of ...
Adidas: Asia laborers can send complaints via text
German sports gear maker Adidas said Monday it is encouraging workers in factories of some of its Asian suppliers to anonymously share possible ...
EU: Motorola may have violated antitrust rules
The European Commission said Monday that Motorola Mobility may have abused its dominant market position by denying Apple the right to use technology ...
Ex-Finmeccanica chief freed from jail
The former CEO of the Italian defense giant Finmeccanica was freed Saturday from jail pending his trial on corruption charges next month.
Japan vows 'high safety' for Turkish reactor
Japan has learned from the Fukushima disaster and will offer technology with the highest safety standards while building Turkey's second nuclear ...
Last South Koreans leave factory in North Korea
The last seven South Koreans stationed at a jointly run factory park in North Korea pulled out Friday, silencing the complex for the first time since ...
SAS sells regional airline Wideroe to raise cash
Scandinavian airline SAS AB says it is selling 80 percent of its stake in regional airline Wideroe to an investor group for approximately 2 billion ...
Turkish partnership wins airport contract
A consortium of five Turkish companies has won a tender to build and operate Istanbul's third airport, touted to be among the world's largest.
RBS says gov't stake could be sold within year
Royal Bank of Scotland predicted Friday that the government should be able to start selling its stake within a year, as it reported a first-quarter ...
Air France-KLM losses mount in Q1
Air France-KLM said Friday its losses mounted sharply in the first quarter compared to a year earlier, when earnings were boosted by a gain in the ...
BNP Paribas sees Q1 earnings tumble
French bank BNP Paribas said Friday its earnings slumped 45 percent in the first quarter amid a steep drop in corporate and investment banking as ...
Siemens reduces full-year forecast
German industrial conglomerate Siemens AG warned Thursday that its 2013 forecast would be at the "low-end" of what it had anticipated because of ...
British NGO challenges Goldman tax deal
A British pressure group on Thursday challenged what it described as a sweetheart tax deal between U.K. authorities and Goldman Sachs, arguing that ...
Japanese-French partners picked for nuclear plant
Turkey's Energy Minister Taner Yildiz says a Japanese-French consortium has been chosen to build Turkey's second nuclear plant. His ministry said ...
Man United posts record revenues, debt drops
Fresh from securing a record-extending 20th English title, Manchester United is also keeping up its success off the pitch by producing record revenues ...
European Commission investigates Peugeot state aid
The European Commission says it has opened an in-depth investigation into the government-backed restructuring of France's PSA Peugeot Citroen group ...
Greece's Alpha Bank shares soar on recap deal
Shares in Greece's third largest lender, Alpha Bank, have shot up, a day after the bank announced it had secured enough support from the private ...
Shell CEO Voser to retire in 2014
Royal Dutch Shell PLC said Monday Chief Executive Peter Voser will step down in early 2014, and the company reported lower first-quarter profits in ...
Production cuts hit Statoil profits, revenue
Norwegian oil company Statoil ASA saw first-quarter net income plunge 60 percent against the same period last year as production cuts, operational ...
Losses widen in Q1 at airline Lufthansa
German airline Lufthansa says its net loss widened in the first quarter due to costs from restructuring and a strike by cabin personnel. Net losses ...
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