European Stocks Fall on Greece Concerns
European stocks fell after Friday's deadlock in negotiations
over unlocking further financial aid for Greece kept markets on
edge.
Deutsche Bank Profit Halves on Litigation Costs
Deutsche Bank on Sunday said its first-quarter net profit fell
around 50% as strong revenue growth was outweighed by a record
penalty to settle with authorities over rate-rigging allegations
earlier this week.
U.K. Tells BP it Would Oppose Foreign Takeover
The U.K. government told BP that it would oppose any potential
foreign takeover of the company because it wants the oil giant to
remain a British company with global clout.
Capgemini Buys IGATE for $4 Billion
French computer services and technology company Capgemini said
it will buy U.S. peer IGATE for $4 billion, making North America
the French company's largest market.
Bankia Posts Rise in First-Quarter Profit
Bankia reported a rise in first-quarter net profit as the bank
set aside fewer funds to cover loan losses, a sign that Spain's
economic recovery is gathering steam.
Applied Materials, Tokyo Electron Scrap Merger Plan
Applied Materials and Tokyo Electron said that they will scrap
plans to merge their operations, citing problems with the U.S.
Department of Justice. The deal would have created a company with
an estimated market value of $29 billion.
Sandvik Net Profit Hit By One-Offs But Beats Forecasts
Swedish engineering company Sandvik reported a 72% drop in net
profit for the first quarter due to costs related to a group-wide
cost saving program.
Volkswagen Chairman Piech Resigns
An era at one of Europe's biggest corporations ended
dramatically Saturday when Ferdinand Piech, chairman of Volkswagen
and grandson of the company's founder, unexpectedly resigned.
DBS Group 1st Quarter Net Profit at Record High
DBS Group Holdings Monday said its first quarter net profit rose
10% on year on an improvement in its interest income and margins.
Net profit in the January-to-March quarter was $851 million, its
highest ever.
M2 Group Offers $1.18 Billion for iiNet
M2 Group could be kicking off a bidding war for
internet-service-provider iiNet with an offer of around $1.18
billion, in a further shake-up of Australia's telecommunications
scene.
China Vanke 1st Quarter Net Profit Down 57.5%
China Vanke, one of the China's largest property developers,
said its net profit for the first quarter fell a sharp 57.5% from a
year earlier, as it sold and completed fewer properties.