Report: Verizon, AT&T Explore $245B Takeover of Vodafone
Verizon Communications and AT&T are reportedly mulling a mega takeover of Vodafone.
Telefonica Sells Majority Stake in Czech Subsidiary for $3.3B
Spanish telecom giant Telefonica inked a deal on Monday to sell a chunk of its close to 80% stake in its Czech subsidiary for about $3.3 billion.
Google Faces Tax Backlash from British Lawmakers
The search giant faced angry questions from British lawmakers investigating its tax affairs and whether it had misled parliament in testimony last year.
RBS bad bank plan will help selloff of government stake: Osborne
Plans to create an internal 'bad bank' at Royal Bank of Scotland will make it easier to sell off the government's stake, British Finance Minister George Osborne said on Friday.
Italian Bank Takes Cheese as Collateral for Loans
We all know of the gold standard, but have you heard of the cheese standard?
EU to Levy Record Fines on Libor Banks
EU antitrust regulators will reportedly levy a record fine of on six financial institutions for rigging the yen Libor interest rate benchmark.
UK finance minister Osborne backs RBS bad bank plan
Britain's finance minister George Osborne said on Friday he wholeheartedly supported plans by Royal Bank of Scotland to create an internal bad bank to manage the run-down of its riskiest assets.
RBS Reveals Internal 'Bad Bank' Plan, 3Q EPS Miss
RBS' 'bad bank' is part of a raft of measures designed to heal the bank's relationship with the British government and speed up privatization.
Barclays Plans to Cut 12K Jobs as Investment Bank Struggles
British banking giant Barclays said it would axe up to 12,000 jobs this year even as it raised bonuses for investment bankers.
Report: European Banks to Continue Cutting Staff
Downsizing European banks, still suffering the effects of a recession, are likely to continue cutting staff, according to a report.
UK Court Dismisses Lawsuit Madoff Ponzi-Scheme Losses
A British high court judge dismissed all claims against the defendent in a civil claim and criticized the way the case had been pursued.
Report: NYSE Hires J.P. Morgan, Societe Generale to Run Euronext IPO
The Big Board owner has reportedly tapped two leading investment banks to run a possible IPO of its Euronext unit.
HSBC Slumps 5% on Disappointing 1H Results
Europe's largest bank revealed top and bottom-line results that trailed forecasts.
AmEx Shares Sell Off as EU Reportedly Mulls Caps on Swipe Fees
Shares of American Express slumped in choppy trading on reports the European Commission could consider adding caps to card fees.
JPMorgan Slapped With Fine by UK Regulator
Britain's Financial Conduct Authority fined a wealth management unit of U.S. bank $4.6 million for being unable to show it was giving clients the right advice.
ING U.S. Kicks Off 2nd Biggest IPO of '13 in the Red
After pricing its IPO below expectations, ING U.S. continued its disappointing debut by opening down more than 1%.
WHO: Greek HIV Self-Infection Claim Due to Error
The World Health Organization backed away from a claim that paints an alarming picture about the health implications of Europe's economic crisis.
Closed Border Politics Threaten Euro Economy After Paris
The threat to Europe’s economic health is posed by a political shift if terrorism gives a leg up to political parties that oppose open borders, analysts say.
Russians ‘Biggest Losers’ in Moscow’s Western Food Ban
Russia retaliated against Western sanctions by banning imports of certain foods, although the impact will largely be felt outside the U.S.
Stone Brewing First to Independently Brew Its Own Beer in Europe
The American Craft Beer Revolution hopped the Atlantic Ocean a few years ago but Stone Brewing Monday evening is marking a milestone in expanding the movement’s efforts to establish a greater European base.













