EU Company News
Latest European company news from EUbusiness.com, with business commentary and analysis on companies in Europe.
- Slovakia woos U.S. Steel amid European meltdown — 17 February 2013, 12:14 CET
As meltdown menaces Europe's steel sector, Slovakia is scrambling to keep U.S. Steel -- the country's largest single employer -- from selling off a mammoth factory in Kosice, a gritty eastern industrial hub.
- Peugeot plunges into record EUR 5.0 bn loss in 2012 — 13 February 2013, 18:57 CET
French car maker Peugeot Citroen reported a record loss of 5.0 billion euros on Wednesday but said it was on the road to recovery from crisis, and the government insisted that nationalisation is not on the agenda.
- PSA Peugeot Citroen announces EUR 4.7 bn writedown — 07 February 2013, 22:10 CET
Embattled French auto group PSA Peugeot Citroen announced a huge
writedown of 4.7 billion euros ($6.29 billion) for 2012 on Thursday, due
to an extremely difficult European market, but said debt and cash
targets for the year had been met.
- EU studies Google's bid to avoid anti-trust fine — 02 February 2013, 11:51 CET
EU anti-trust authorities said Friday they had received proposals from Internet giant Google aimed at ending a probe into its dominance of online search advertising platforms.
- ThyssenKrupp announces 141-mn-euro contract in Turkey — 31 January 2013, 12:23 CET
German heavy industry giant ThyssenKrupp said on Thursday it had won a
141-million-euro ($191-million) contract to build a fertiliser plant in
- BASF halts EU approval process for GM potatoes — 29 January 2013, 16:50 CET
BASF, the world's biggest chemicals company, said Tuesday it has decided to no longer seek European approval of its genetically modified potato products in the face of stiff resistance.
- EU stops short of insecticide ban — 29 January 2013, 00:10 CET
The European Commission said Monday it would draw up "stringent" measures to protect bees from dangers attributed to certain pesticides, but pulled back from an anticipated ban.
- ATR sales gain, but Bombardier bounces back — 23 January 2013, 17:51 CET
The European prop-jet manufacturer ATR posted on Wednesday an 11 per cent gain in sales for 2012, a year that also witnessed a rebound by its chief rival, the Canadian company Bombardier.
- EU hints at insecticide ban over threat to bees — 16 January 2013, 15:48 CET
The European Commission has hinted that it could ban several insecticides, some made by German chemicals giant Bayer, after scientists found disturbing evidence of harm to bees.
- Hannover Re hit by 261-million-euro loss from Sandy — 14 January 2013, 15:45 CET
German reinsurance giant Hannover Re said on Monday that it had taken a
261-million-euro ($349-million) hit due to claims from Hurricane Sandy
but still expected to reach its annual targets.
- UPS drops bid to create European parcel giant, TNT stock crashes — 14 January 2013, 15:51 CET
United Parcel Service has abandoned an attempt to create the biggest European group in the fight for the global parcel market, pulling out of a giant bid for Dutch TNT Express which immediately lost about half its value.
- EU to force Google to change listing of search results: report — 10 January 2013, 22:06 CET
Google will have to change the way it presents search results or face
anti-trust charges for favouring its own services, the EU's competition
chief told the Financial Times.
- South Korean Kia posts record 2012 production in Slovakia — 10 January 2013, 14:18 CET
South Korean car maker Kia Motors said on Thursday that it had raised
output by 15 percent at its Slovak plant last year, assembling 292,000
cars despite a gloomy outlook for the European Union -- its key export
- EU Investment Bank confirms EUR 10 bn capital boost — 08 January 2013, 17:42 CET
The European Investment Bank says its shareholders, the EU's 27 member states, have unanimously approved a 10 billion euro capital increase, as agreed by national leaders last year.
- US Google ruling has no impact on EU probe — 04 January 2013, 20:13 CET
The decision by US authorities to close down an 18-month anti-trust investigation into Internet giant Google has no bearing on what the EU will do with its own probe, the European Commission said Friday.
- Relief for Google as US ends monopoly probe — 03 January 2013, 22:43 CET
US regulators have closed a lengthy antitrust probe into Google, saying there is not enough evidence to show the Internet giant manipulated its search results to harm its competitors.
- Samsung injunctions against Apple breach rules: EU — 21 December 2012, 23:42 CET
The European Commission said Friday that South Korea's Samsung Electronics was abusing its dominant market position in certain technologies when it took out injunctions against fierce rival Apple.
- EU says to set out anti-trust case against Samsung soon — 20 December 2012, 21:37 CET
The EU will set out its case against Samsung Electronics "very soon" following an anti-trust probe of the smartphone and mobile tablet market, Competition Commissioner Joaquin Almunia said Thursday.
- EU decision on Microsoft probe close — 20 December 2012, 17:50 CET
The European Commission says it is close to a decision in its investigation of US giant Microsoft and its failure to provide clients with a choice of Web browser, as it had promised to do.
- Greece's Eurobank posts one-billion-euro loss over nine months — 20 December 2012, 10:18 CET
Greece's third-largest lender Eurobank on Thursday reported a net loss of 1.095 billion euros over the first nine months of 2012, after writing off six billion euros to help the country reduce its sovereign debt.
- EU, Google to seek anti-trust accord — 18 December 2012, 23:57 CET
The European Union will seek an accord with US Internet search giant Google as progress has been made in resolving EU anti-trust concerns, Competition Commissioner Joaquin Almunia said Tuesday.
- US eyes Google antitrust settlement: reports — 17 December 2012, 18:12 CET
US regulators are likely to conclude a lengthy antitrust probe of Google's dominance of Internet searches with a voluntary settlement, news reports said on Monday.
- EU clears Li Ka-shing acquisition of Orange Austria — 12 December 2012, 17:30 CET
The European Commission cleared Wednesday the acquisition of the Orange
Austria mobile business by Hutchison 3G, part of the ports-to-telecoms
conglomerate owned by Hong Kong tycoon Li Ka-shing.
- ThyssenKrupp posts EUR 4.7 bn annual loss — 10 December 2012, 22:56 CET
German heavy industry giant ThyssenKrupp said on Monday it would not pay
any annual dividends after it posted a loss of 4.7 billion euros for the
year following a writedown of two loss-making steel plants.
- EU approves Bayer's new long-term contraceptive — 05 December 2012, 11:27 CET
German drug maker Bayer said on Wednesday that European Union authorities had given the go-ahead for a new contraceptive which can prevent pregnancies for up to three years.