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Corporate news

  • 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 ... 

  • Tough auto market dents BMW earns, sales in Q1

    Tough auto markets worldwide — including a deep slump in Europe — and investment in new technology dented first-quarter earnings at German automaker ... 

  • Sanofi earnings slashed in first quarter

    French drug maker Sanofi said Thursday its net profit was slashed in the first quarter from a year earlier as falling sales and patent losses on key ... 

  • Greece completes first major privatization

    Finance Minister Yannis Stournaras says Greece has successfully completed its first major privatization, selling off a controlling 33 percent stake ... 

  • Insulin gives Denmark's Novo Nordisk a Q1 boost

    Danish pharmaceutical company Novo Nordisk A/S says first-quarter net profit rose 28 percent on strong sales of its diabetic drugs. The world's ... 

  • Shoppers face hurdles in finding ethical clothing

    The building collapse in Bangladesh that killed hundreds of clothing factory workers last week put a spotlight on the sobering fact that people in ... 

  • Karen Nyberg, Fyodor Yurchikhin, Luca Parmitano

    Russia charging NASA $70M per astronaut seat

    The U.S. space agency is paying $424 million more to Russia to get U.S. astronauts into space and home again, and the agency's leader is blaming ... 

  • Fiat Industrial Q1 profit down on soft truck sales

    Fiat Industrial, the Italian maker of heavy vehicles, on Tuesday reduced its full-year forecasts after reporting a 22 percent drop in first-quarter ... 

  • UBS posts $1 billion net profit in first quarter

    A first-quarter net profit of $1 billion thanks to strong investment banking and wealth management sent shares in Swiss bank UBS AG surging up well ... 

  • BP Q1 profits surge on Russian joint venture sale

    BP's sale of its Russian joint venture helped it more than triple first-quarter profits, the oil company said Tuesday in a further sign that its ... 

  • Prosecutors seek speedy Finmeccanica bribe trial

    Prosecutors are pushing for a speedy trial for alleged corruption by top executives at Italian defense giant Finmeccanica and its Agusta helicopter ... 

  • AB Inbev sees volumes fall in key markets

    Anheuser-Busch InBev NV, the world's largest brewer, says that its profits rose in the first quarter in spite of falling sale volumes in important ... 

  • Lloyds posts 1.5 billion net profit in 1Q

    Part-nationalized Lloyds Banking Banking Group is reporting a massive turnaround in its fortunes, with a 1.5 billion ($2.3 billion) in net profit ... 

  • NYSE Euronext Q1 profit up on lower costs

    NYSE Euronext says its net profit jumped 45 percent in the first quarter thanks to lower merger expenses compared to a year earlier. The owner of the ... 

  • VA withholds disability claims executives' bonuses

    The Department of Veterans Affairs is withholding bonuses for senior officials who oversee disability claims, citing a failure to meet performance ... 

  • Fiat reports Q1 loss as sales slip in Europe, US

    Weak sales in Europe and lower profits at U.S. partner Chrysler pushed Italian carmaker Fiat to a loss in the first quarter. Fiat SpA on Monday said ... 

  • James Bond studio to open 1st US facility

    The British film studio that's home to the James Bond movie franchise announced plans Monday for its first U.S. film production facility, at a site ... 

  • Bowing in 'pigeon' fight, France slashes taxes

    President Francois Hollande announced on Monday a series of measures to encourage the French entrepreneurial spirit, including drastic cuts in capital ... 

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