A chocolate company is buying a baby food company from a drug company. Swiss company Nestle is the world's biggest food and drink company; they're known primarily in the United States for the brand of chocolate with the company's name on it. They ha...
European leaders are pressuring Paul Wolfowitz to resign his position as Wold Bank president. Wolfowitz, who has withheld World Bank loans from several countries until they show greater progress in fighting corruption, recently arranged for his girl...
Computer company Apple Inc. had claimed that it was the record companies decision, not theirs, to offer music on their iTunes service that could only be played on their iPod player. Apple and the EMI music company have just announced that songs from...
Two North American mobile phone companies are trying to buy a controlling interest in Telecom Italia, Italy's largest telephone company, but there are complications. US company ATT and Mexico's America Mvil have made a combined offer of 4.5 billion...
German sports car maker Porsche exercised an option on 3.6% of stock in German car maker Volkswagen. Because this puts their ownership in VW over 30%, German law required Porsche to make a takeover offer to other VW shareholders, so they did: 101 pe...
An executive board member of the German technology company Siemens has been arrested as part of a bribery investigation. Johannes Feldmayer is accused of paying 34 million to Wilhelm Schelsky, the former head of the AUB trade union who is now in jai...
After scheduling delays, wiring problems, and order cancellations, the Airbus A380 super-jumbo jet is finally ready to fly. For its maiden voyage, a Lufthansa A380 took about 400 Lufthansa and Airbus employees and 60 reporters and photographers from...
Leading computer database software maker Oracle is suing SAP, the German company known for their Enterprise Resource Planning (ERP) software. Oracle, which has been moving into the ERP market themselves, accuses employees at SAP's TomorrowNow subsid...
European Union consumer affairs commissioner Meglena Kuneva recently criticized Apple Incorporated's iTunes service. She told the German weekly magazine Focus Do you think it's fine that a CD plays in all CD players but that a song purchased from iT...
Subprime loans are high-interest loans made to borrowers with bad credit ratings. Now that the US housing market bubble has burst, more of these borrowers are defaulting on their mortgages, and this is causing big problems for subprime lenders and p...
