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A bitter bidding war for Spanish energy group Endesa erupted on Monday as German power giant E.ON took legal action against rival suitors Acciona and Enel, alleging serious breaches of stock market rules.
Taylor Woodrow and George Wimpey are to merge to create the country's biggest housebuilding group worth about 5.0 billion pounds, they announced on Monday.
General Motors Corp. has a non-cash bid on the table to buy the struggling US division of DaimlerChrysler AG and is considered a "long-shot candidate" according to a news report Monday.
The European Commission has given US software giant Microsoft three extra weeks to explain why it has failed to comply with an EU anti-trust ruling from 2004, a spokesman said Monday.
The bankrupted Yukos empire built up by jailed oligarch Mikhail Khodorkovsky is to be dismantled in a series of auctions beginning Tuesday of assets valued at 22 billion dollars.
China's Nanjing Automobile Group revived Britain's MG with its first models of the historic marque rolling off the line at its new multi-million dollar plant on Tuesday, a company official said.
Russian oil company Rosneft on Tuesday bought 9.44 percent of its shares that had been owned by stricken giant Yukos, paying 7.6 billion dollars (5.7 billion euros) for a package of assets at auction.
The New York Stock Exchange has acquired the pan-European stock market Euronext, winning 91.42 percent approval of its agreed bid worth about 10.7 billion euros (14.26 billion dollars), provisional results of a shareholder vote showed on Tuesday.
British oil firm Cairn Energy said Tuesday that it made a net loss of 82 million dollars (61.5 million euros) in 2006 after downgrading the energy reserves estimates at its Sangu field in Bangladesh.
A vast transatlantic stock market emerged on Tuesday when the New York Stock Exchange won control of pan-European market operator Euronext, creating an entity worth 29 billion dollars linking trading platforms in six cities.
In an unprecedented case, US company ITT Corp. has agreed to pay a 100-million-dollar fine for illegally exporting night vision technology to China, US authorities said Tuesday.