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Euro zone economy ended 2014 in poor shape: PMI

The euro zone economy ended 2014 with its worst quarter for over a year as further price cutting failed to significantly drive up business activity, adding pressure on the European Central Bank to act, surveys showed.

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Mercedes-Benz F015

Daimler's self-driving concept car turns into mobile living room

Germany's Daimler AG wants to reset consumers' expectations about self-driving cars with its futuristic Mercedes-Benz F 015 concept, unveiled Monday evening at the annual Consumer Electronics Show in Las Vegas.

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Henkel

Henkel wants to expand in hair care, mulls M&A

German consumer goods and industrial glue maker Henkel wants to expand in the area of consumer branded goods and hair care and could consider a large acquisition, the company's chairwoman told German newspaper Welt am Sonntag.

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Alexis Tsipras

Greek leftist Tsipras says ECB cannot shut Greece out of stimulus

Greek leftwing opposition leader Alexis Tsipras said the European Central Bank (ECB) could not exclude Greece if it decides to move to a full "quantitative easing" program to stimulate the euro zone's faltering economy.

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Euro Notes

Draghi drives euro to four and a half year low

The euro took another downward lurch on Friday, sinking to a 4-1/2 year low against the dollar on clear indications that the European Central Bank will soon embark on outright money-printing.

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German Transport Minister Alexander Dobrindt

Germany plans electric car motorway charging stations

Germany plans to expand the network of charging stations for electric cars across the country to help boost lackluster demand, a Transport Ministry paper seen by Reuters showed.

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ECB headquarters

No need for ECB to buy sovereign bonds now: German economic adviser

The head of the panel of economic experts that advises the German government said on Sunday there was no reason for the European Central Bank (ECB) to start buying up sovereign bonds now to bolster euro zone growth.

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Lone Star Funds

HeidelbergCement in talks to sell unit to Lone Star Funds

Germany's HeidelbergCement AG (HEIG.DE) is negotiating to sell Hanson Building Products Ltd, a maker of concrete and clay building products, to private equity firm Lone Star Funds, according to people familiar with the matter.

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CPPIB Shows Interest in Urenco Bid

Urenco owners test market for possible sale

The owners of Urenco are testing the market to gauge investor interest in the uranium enrichment company, said Uwe Beckmeyer, parliamentary state secretary in the German economy and energy ministry.

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Amgen

Amgen's new leukemia drug to carry $178,000 price tag

Amgen Inc on Wednesday said its new type of treatment for a deadly form of leukemia would cost about $178,000 when it becomes available on Thursday, which would make it one of the world's most expensive cancer drugs.

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Volvo Cars

Volvo to launch online car sales in marketing shift

Volvo Car Corp said it will start selling vehicles online as it rolls out new models to compete with German luxury rivals such as BMW (BMWG.DE).

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European Union

EU investment plan may be a day late and a euro short

The European Union's vaunted investment plan, due to be formally blessed by the bloc's 28 leaders at a summit this week, may be a day late and several euros short to revitalize a stagnant economy.

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US One Hundred Dollar Notes

Fed considers time to end free money pledge

The U.S. Federal Reserve would give the clearest signal next week that its easy money stance is ending if, as some expect, it drops its two-year long pledge to keep interest rates close to zero for a "considerable time".

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Jens Weidmann poses next to an euro logo

Bundesbank chief critical of EU stance on French budget: report

Bundesbank President Jens Weidmann said the European Commission's decision to give France longer to prove it is serious about economic reform and fixing its excessive public deficit risks damaging the credibility of the bloc's budget rules.

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TUI to Rescue Hapag-Lloyd Sale

TUI in talks with investors on Hapag stake sale

TUI AG is in talks with investors interested in buying its stake in Hapag-Lloyd as an option in its long-planned exit from the German shipping company, TUI's chairman told a newspaper.

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