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Thyssen CEO says sale of submarine unit possible

ThyssenKrupp would consider a sale of the group's military submarine business under certain conditions, the German steel maker's chief executive told daily Sueddeutsche Zeitung.

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Mario Draghi

Draghi throws ECB door open to money printing as global prospects dim

European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent the euro zone from sliding into deflation, promising to use whatever means necessary as China also acted to boost its sagging economic growth.

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Macquarie Group

E.ON, Macquarie in exclusive talks over Spanish ops

Germany's top utility E.ON SE (EONGn.DE) has entered exclusive talks to sell its Spanish activities to Australian infrastructure investor Macquarie Group Ltd (MQG.AX), four sources familiar with the matter told Reuters on Wednesday.

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Fresenius bids for Danone's medical nutrition arm

The German medical group Fresenius (FMEG.DE) and the Permira investment fund PERM.UL have made an offer for the medical nutrition arm of Danone (DANO.PA), The Wall Street Journal reported on Wednesday, citing sources close to the matter.

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SAP CEO rules out big acquisitions in next few years

German business software maker SAP is doing an about-face on its acquisition strategy and plans no more big new deals in the next few years, its chief executive said on Wednesday.

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Non GMO campaign

Germany to press EU for national right to ban GMOs before 2015 harvest

Germany is pressing the European Commission to allow individual EU countries to ban cultivation of crops with genetically modified organisms (GMOs) before the 2015 harvest.

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Euro edges higher, stocks sag before ECB meeting

The euro edged higher and European stocks pulled back on Thursday as investors waited to see what message ECB chief Mario Draghi will send after the European Central Bank's monthly meeting, following another run of poor euro zone data.

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EU executive's autumn economic forecasts

European Commission cuts forecasts, euro zone recovery delayed

The euro zone will need another year to reach even a modest level of economic growth, the European Commission said on Tuesday, calling on Germany to help as Chancellor Angela Merkel again rejected a spending spree.

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European Flag

European Commission cuts Eurozone growth forecasts in 2014; European Union GDP forecast lowered the expectation for next two years

In its autumn forecasts European commission has revised down the growth forecasts for European Union and euro area. The report said, “Annual GDP growth in the EU this year is now projected to be 1.3%, while growth in the euro area is expected to be 0.8%.”

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The logo of Deutsche Telekom AG

Polish TVN and Deutsche Telekom unit team up to offer streaming service

Polish broadcaster TVN TVN.WA and a local unit of German telecommunications company Deutsche Telekom (DTEGn.DE), T-Mobile Polska, said they have entered a strategic partnership and will offer a subscription video-on-demand service.

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Oil, weak German data drag on stocks; Brazil sinks

Global equity markets slipped on Monday, hit by weak German business sentiment and another decline in oil, while Brazil slumped after incumbent Dilma Rousseff narrowly won a second term over an opponent seen as more pro-business.

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Continental AG

Continental AG eyes acquisition, possibly in Asia:

German tyre and car parts maker Continental AG (CONG.DE) is looking for an acquisition in the industrial sector, possibly in Asia, and could spend up to 2 billion euros ($2.54 billion), its finance chief told a German newspaper.

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Angela Merkel

Merkel voices support for Draghi after report of tensions

German Chancellor Angela Merkel thanked ECB President Mario Draghi for spelling out to leaders at an EU summit that governments must play a role in boosting the faltering euro zone economy, and said it was their firm intention to do so.

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Bayer HealthCare Pharmaceuticals

Private equity eyes $13 billion Bayer plastics business

Private equity firms are circling Bayer's (BAYGn.DE) 10 billion-euro ($12.7 billion) plastics business, hoping to divert the German drugmaker from its plan to list the division, two people familiar with the matter said on Wednesday.

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Actavis, Sanofi among bidders for Omega Pharma

Generic drugmaker Actavis Plc and France's Sanofi SA are among the suitors for privately held Omega Pharma NV [COUCKO.UL], Bloomberg reported, citing people familiar with the matter.

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