AOIFE WHITE

AP Business Writer
Add To Watchlist

EU drops Qualcomm antitrust probe

European Union antitrust regulators on Tuesday dropped a monopoly abuse probe into wireless chip maker Qualcomm Inc. after mobile phone companies withdrew complaints about high royalty fees.

Continue reading this entry ...

GM wants gov'ts to help pay $4.9 bn restructuring

General Motors Co. on Monday asked European governments to help pay most of the euro3.3 billion ($4.9 billion) it needs to restructure its struggling European operations.

Continue reading this entry ...

Carbon storage? Not under my house!

The people of this small Dutch town are not against pumping tons of carbon dioxide into the ground to fight global warming.

Continue reading this entry ...

Eurozone retail sales drop in Sept

Retail sales in the 16 countries that use the euro dropped by 0.7 percent in September, European Union statistics showed Thursday, evidence the economic recovery will be slow and bumpy.

Continue reading this entry ...

ArcelorMittal sees profit after 3 quarterly losses

ArcelorMittal SA, the world's largest steel maker, on Wednesday posted a $903 million profit in the third quarter, its first after three consecutive quarterly losses, as it saw the first signs of a gradual recovery in demand.

Continue reading this entry ...

EU: breakthrough on online music rights

The EU's top antitrust official on Wednesday described a deal among Apple Inc.'s iTunes, music companies, distributors and online licensing groups as a "great breakthrough" that would roll out more Internet music sales across Europe.

Continue reading this entry ...

Book scanning prompts review of EU copyright laws

The European Commission said Monday it may revise copyright law to make it easier for companies like Google Inc. to scan printed books and distribute digital copies over the Internet.

Continue reading this entry ...

EU nations to hammer out financial oversight

European Central Bank president Jean-Claude Trichet warned EU governments Wednesday that the public will be unforgiving if authorities don't provide a stronger financial system.

Continue reading this entry ...

EU financial watchdog to rely on moral authority

The European Union's new economic watchdog plans to use "moral pressure" instead of regulatory authority to crack down on countries posing major risks to Europe's economy, the European Commission said Wednesday.

Continue reading this entry ...

EU adviser: Google ads don't infringe trademarks

A European Union court adviser said Tuesday that Google Inc. does not violate luxury goods makers' trademarks when it sells brand names as search keywords that trigger its lucrative advertisements.

Continue reading this entry ...

EU leaders press Obama on bonuses, climate change

EU leaders issued a joint plea to U.S. President Barack Obama on Thursday to back their call for rich and developing nations to cap bankers' pay and to impose deeper cuts on emissions for a new global climate change pact.

Continue reading this entry ...

EU offers poor nations billions in climate aid

The European Union proposed Thursday to offer up to euro15 billion ($21.8 billion) a year in aid to poor developing countries to persuade them to sign a new global climate change agreement.

Continue reading this entry ...

Spending lifts euro economy in 2Q

Higher household spending supported the euro zone economy in the second quarter, the European Union statistics agency said Wednesday, in another upbeat sign for growth prospects.

Continue reading this entry ...

EU: Ukraine set for up to $1.7 billion in loans

International lenders are ready to give Ukraine up to $1.7 billion in loans to help it pay a massive natural gas bill to Russia and reform its energy sector, the European Commission said Friday.

Continue reading this entry ...

ArcelorMittal posts 3rd consecutive quarterly loss

The world's largest steel maker, ArcelorMittal SA, on Wednesday reported a loss of $792 million for the second quarter, its third consecutive quarterly loss, but said demand was recovering and that it would increase production.

Continue reading this entry ...

European economic confidence climbs

European business and consumer confidence climbed for the third month in a row in June but still languished near its lowest point in two decades, the European Commission said Monday.

Continue reading this entry ...

EU: we want US climate bill to succeed

The Europe Union wants a U.S. climate change bill to succeed so the United States can move swiftly to curb greenhouse gas emissions, EU Commission President Jose Manuel Barroso said Friday.

Continue reading this entry ...

EU to help China test carbon capture

The European Union said Thursday it will give China up to euro50 million ($70 million) to build a carbon capture and storage plant that will test a technology aimed at limiting climate change.

Continue reading this entry ...

Rambus settles EU antitrust probe, avoids fines

Memory chip company Rambus Inc. said Friday that European Union antitrust regulators had provisionally agreed to drop a probe and any fines if the company reduced its royalty rates for DRAM memory chip patents.

Continue reading this entry ...

EU: browser-free Windows gives no real choice

European Union regulators said Microsoft Corp. was offering less choice, not more, by vowing to sell the next version of Windows without any Web browsers at all.

Continue reading this entry ...

EU pushes music industry to open up online rights

EU antitrust regulators told the music industry Tuesday to move quickly and change licenses that currently restrict online music stores such as iTunes from offering the same songs for sale across Europe.

Continue reading this entry ...

ArcelorMittal workers attack HQ

Steel workers attacked ArcelorMittal's Luxembourg headquarters Tuesday during the company's annual shareholders meeting, setting off smoke bombs and breaking through the front door to protest temporary layoffs during the economic slump.

Continue reading this entry ...

EU says euro-zone jobless to hit postwar record

Deepening the economic gloom in Europe, the European Union admitted Monday that its previous forecasts were way off the mark. It now predicts "a deep and widespread recession" across the continent and says unemployment among nations using the euro currency will rise to a postwar record of 11.5 percent in 2010.

Continue reading this entry ...

British singer Bragg blasts EU copyright extension

British singer Billy Bragg blasted Wednesday a proposed European Union law to nearly double music copyright to 95 years, saying it would give a huge windfall to major recording labels.

Continue reading this entry ...

EU lawmakers approve new price cap on text message

EU lawmakers voted Wednesday for a new price cap that will cut the cost of sending text messages from abroad by nearly two-thirds.

Continue reading this entry ...