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EUROPE MARKETS: European Stocks Rise To Highest Level Since 2008

Europe's benchmark stock index closed at its highest level since June 2008 on Friday, with banks in the driver's seat after better-than-expected data from the U.S. removed some worries about the country's recovery.The Stoxx Europe 600 index rose 0.2% to close at 308.72, posting a 1.2% weekly gain.The upbeat end to the week marked the fourth straight week in positive territory, after massive central-bank easing globally recently encouraged investors to move into the equity market instead of the lower-yielding and traditionally safer government bond markets.Lackluster growth data from the euro zone earlier this week sent markets higher, as they increased hopes for more stimulus measures from the European Central Bank. Such market behavior further highlighted that investors currently focus more on the large liquidity injections from central banks, rather than the underlying growth problems in the euro zone."The market is getting a lot of liquidity and is trying to figure out what to do wi...

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  1. Deutsche Telekom Appoints Thomas Dannenfeldt as CFO

    Deutsche Telekom AG (DTE.XE) appointed Thomas Dannenfeldt as the company's new chief financial officer, the company said Wednesday.MAIN FACTS:-Mr. Dannenfeldt's duti...

  2. Deutsche Telekom says U.S. listing helps it "attack" rivals: paper

    Deutsche Telekom has given its U.S. operations more autonomy, positioning its business to compete better with bigger and smaller rivals, Chief Executive Rene Oberman...

  3. Correction to T-Mobile First-Quarter Story

    "T-Mobile 1Q Shows Struggles Continue Amid Turnaround Effort," at 11:32 a.m. EDT incorrectly said Timotheus Hottges will become chief executive of T-Mobile US Inc. a...

  4. EUROPE MARKETS: Europe Stocks Extend Gains; Germany Hits Record

    European stock markets rose on Wednesday, after better-than-expected Chinese export data, while German stocks closed at all-time highs after upbeat industrial-produc...

  5. T-Mobile 1Q Shows Struggles Continue Amid Turnaround Effort

    Mobile US Inc.'s (TMUS) struggles continued in the first quarter, as revenue dropped 7.1%, although less-severe customer losses were a bright spot.The No. 4 U.S. wir...

  6. EUROPE MARKETS: Europe Stocks Extend Gains, Germany Hugs Record

    European stock markets rose on Wednesday, keying off gains in Asia after better-than-expected Chinese export data, while German stocks flirted with fresh all-time hi...

  7. European telco revenues drop as price wars heat up

    Two of Europe's biggest telecom operators reported lower revenues on Wednesday, blaming the weak European economy and stiff regulation while seeing some bright spots...

  8. Deutsche Telekom 1Q Adjusted Ebitda Down, T-Mobile Branded Customer Growth

    German telecommunications company Deutsche Telekom AG (DTE.XE) Wednesday backed its full-year outlook after reporting lower earnings in the first quarter, while T-Mo...

  9. Mayrhuber back in running for Lufthansa supervisory board

    Former Lufthansa Chief Executive Wolfgang Mayrhuber is back in the running to become supervisory board chairman of Germany's biggest airline after overcoming shareho...

  10. EARNINGS FORECAST TABLE: Deutsche Telekom 1Q 2013

    The following is a summary of analysts' forecasts for Deutsche Telekom AG (DTE.XE) first-quarter results, based on a poll of 10 analysts conducted by Dow Jones Newsw...

  11. T-Mobile USA Makes Trading Debut After Closing MetroPCS Deal

    Mobile USA Inc. (TMUS) started trading Wednesday morning after the unit of Deutsche Telekom AG (DTEGY DTE.XE) acquired and merged into MetroPCS Communications Inc.Sh...

  12. Leap Wireless 1st-Quarter Loss Widens as Customer Losses Continue

    Leap Wireless International Inc.'s (LEAP) first-quarter loss widened as the discount mobile-phone service's customer base continued to erode.The pay-as-you-go wirele...

  1. EUROPE MARKETS: Banks Lift Europe Markets After U.S. Data

    European stocks moved higher on Friday and flirted with multiyear highs, with banks in the driver's seat after better-than-expected data from the U.S. removed some w...

  2. EUROPE MARKETS: Banks Lift Europe Markets, Eye Weekly Gains

    European stock markets moved higher on Friday and flirted with multiyear highs, with banks in the driver's seat after an upbeat broker upgrade for the sector.The Sto...

  3. EUROPE MARKETS: Europe Stocks Track U.S. Lower, Eye Weekly Gain

    European stock markets dropped on Friday, tracking U.S. stocks lower, after investors were spooked by comments that the Federal Reserve could be looking at fading ou...

  4. LONDON MARKETS: FTSE 100 Ends 10-day Winning Streak

    The U.K.'s benchmark index ended a 10-day winning streak on Thursday, hurt by oil stocks declining in the wake of a European Commission probe into alleged oil-price ...

  5. EUROPE MARKETS: Europe Stocks Bruised By U.S. Data

    Disappointing U.S. jobs, manufacturing and housing data hit European stock markets on Thursday, as investors worried the world's largest economy isn't recovering at ...

  6. LONDON MARKETS: FTSE 100 Flirts With 11th-straight Day Of Gains

    U.K.'s benchmark stock index nudged toward an 11th straight day of gains on Thursday, after a well-received earnings report from insurer Aviva PLC and network news f...

  7. Vodafone Germany Signs Network Access Agreement with Deutsche Telekom

    Vodafone Group PLC (VOD.LN), the telecoms giant, Thursday said that Vodafone Germany has signed a next-generation network access agreement with Deutsche Telekom AG (...

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