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Germany's Rewe seeks buyer for consumer electronics chain
ReutersFRANKFURT, May 15 (Reuters) - Rewe, one of Germany's largest retailers, said it is looking to sell its ProMarkt chain of consumer electronics stores because it is unable to compete with competition from online retailers such as Amazon.com. Rewe said...Tags: Science and Technology, Services and Shopping, Electronics, Electronic Devices
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GLOBAL MARKETS-U.S. stocks dip, euro falls on weak data
Reuters* Disappointing U.S., euro zone data fuel hopes of stimulus * U.S., German bond yields rise on weak regional data * Dollar rises against most currencies except yen * Oil, gold stuck in losing streaks due to stronger greenback By Richard Leong NEW YORK,...Tags: Bonds, Financial Markets, Foreign Exchange Market, Money and Monetary Policy, Nasdaq Composite
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Cycling-Road-Giro d'Italia stage 11 results
ReutersMay 15 (Infostrada Sports) - Results from Giro d'Italia (Tarvisio - Vajont, 182 km) on Wednesday 1. Ramunas Navardauskas (Lithuania / Garmin) 4:23:14" 2. Daniel Oss (Italy / BMC Racing) +1:08" 3. Stefano Pirazzi (Italy / Bardiani Valvole) +2:59" 4....Tags: Belgium, Russia, Egoi Martinez, Giro d'Italia, Vladimir Gusev
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Germany can't stop euro zone from sinking into longest recession
ReutersBRUSSELS/BERLIN (Reuters) - Germany's economy crept back into growth at the start of the year but not by enough to stop the euro zone from contracting for a sixth straight quarter, and France slid into recession. Falling output across the bloc meant...Tags: Foreign Exchange Market, Money and Monetary Policy, ING Group, Career and Workplace, Finance
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Market Chatter-Corporate finance press digest
ReutersMay 15 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday: * Actavis Inc received and rejected a takeover offer from Mylan Inc last week that valued the generic drugmaker at more than $15 billion, a person...Tags: Real Estate Sellers, Citigroup Incorporated, Economy, Business and Finance, China, Finance
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Divisions hamper Europe's plans to tackle failing banks
ReutersBRUSSELS (Reuters) - The European Central Bank clashed with Germany on Tuesday over how quickly the euro zone should complete a system to deal with failing banks. A separate rift also emerged at a European Union finance ministers meeting over whether...Tags: Bonds, Cypriot Banking Crisis (2013), Foreign Exchange Market, European Union, Angela Merkel
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REFILE-COLUMN - The growing Franco-German schism
Reuters(Corrects $246 million to $246 billion in paragraph 10) By Frederick Kempe May 13 (Reuters) - Occasionally a public opinion survey surfaces that signals a seismic event. That is the case with a new report from the Pew Research Center that measures the...Tags: Public Finance, European Union, Unrest, Conflicts and War, Angela Merkel, Finance
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GLOBAL MARKETS-U.S. stocks power to record highs, dollar firm
Reuters* Wall Street shares resume rise on steady growth outlook * S&P 500, Dow rise to record intraday highs * Dollar index strengthens further as yen weakens * Oil prices dip; gold extends losing streak By Richard Leong NEW YORK, May 14 (Reuters) - Wall...Tags: Financial Markets, Energy Saving, Credit Ratings, Foreign Exchange Market, International Energy
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German woman covered for neo-Nazi murder gang, court hears
Reuters* Prosecutor says Beate Zschaepe a founder member of NSU neo-Nazi cell * Says she ensured an air of normality surrounded the group * Cell blamed for 10 murders in racist killing spree * Most high-profile trial in recent German history By Jörn...Tags: Prosecution, Racism, Social Issues, Murder
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GLOBAL MARKETS-U.S. stocks resume rise, dollar holds firm
Reuters* Wall Street shares power higher on steady growth outlook * S&P 500, Dow rise to record intraday highs * Dollar index edge up as yen weakens further * Oil prices dip; gold recovers from recent losses By Richard Leong NEW YORK, May 14 (Reuters) - Wall...Tags: Bonds, Financial Markets, Credit Ratings, Foreign Exchange Market, Energy Saving
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France passes reform to ease hire-and-fire rules
ReutersPARIS (Reuters) - The French parliament passed a landmark reform of the country's labor code on Tuesday, part of President Francois Hollande's efforts to convince European partners he is determined to revamp the euro zone's second largest economy....Tags: Employment Opportunities, European Union, Paris (France), Labor Legislation, Career and Workplace
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Company earnings beats take European shares to new 5-yr high
Reuters* FTSEurofirst 300 up 0.5 pct to fresh 5-yr closing high * Euro STOXX 50, Germany's Dax also scale new closing peaks * Intesa Sanpaolo, Deutsche Post, EADS gain on profit beats By Francesco Canepa LONDON, May 14 (Reuters) - European shares stretched...Tags: Earnings, Foreign Exchange Market, Companies and Corporations, Economy, Business and Finance, Weather Reports
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