11 May 2005 06:01 AM

A.P. Moeller Maersk agreed to buy container shipping group P&O Nedlloyd N.V. for 2.3 billion euros ($2.96 billion) in cash, or 57 euros a share.

10 May 2005 09:00 AM

Anglo American Plc., a mining company, wants to buy a stake in China’s biggest coal miner Shenhua Energy Co. in the company’s upcoming initial public offering. Shenhua plans to raise $3 billion selling stock to Anglo American and Hong Kong corporate investors.

10 May 2005 07:52 AM

Energy company Duke Energy Corp. said Monday it agreed to purchase another power company, Cinergy Corp., for about $9 billion to diversify its fleet of power plants in the Midwest.

10 May 2005 03:16 AM

Toyota Motor, the world's second- largest automaker, reported today the biggest profit decline in seven quarters due to high raw material prices. Profit

06 May 2005 10:17 AM

The number of personal bankruptcies is on the rise in England and Wales in the first quarter, hitting 10,091, according to the Department of Trade and Industry numbers. This represents a 27.9% increase from a year ago, and a 1.6% hike from the previous quarter.

06 May 2005 09:13 AM

Royal Dutch/Shell, Europe’s No.1 energy company, and German chemicals group BASF agreed to sell their Basell plastics joint venture that was founded five years ago.

06 May 2005 09:10 AM

The US top carmakers General Motors, Ford and DaimlerChrysler appeared on the top of the list of the companies with exceptional volumes in credit default swaps, or CDS, the Financial Times data shows. The customers of GFI, a large broker and data provider for credit derivatives, indicated that the three carmakers

05 May 2005 09:32 AM

IBM reported on Wednesday its decision to lay off up to 13,000 employees in an attempt to restructure its European operations and Global Services division that has to be built around high-margin business consulting. The layoffs will include up to 4 percent of Big Blue’s work force and will give it a second-quarter pretax charge of up to $1.7 billion. This is about 10% of the expected profit at Big Blue.

04 May 2005 12:45 PM

Royal Dutch/Shell, the UK leading energy company, said Tuesday it would re-open gas exploration in Libya after its had signed an agreement with the country that faced EU and US sanctions for a long time. "Libya’s integrated gas industry has enormous potential, based on its large gas resources and favorable geographic

04 May 2005 09:20 AM

Tyco International Ltd.’s former chief financial officer Mark H. Swartz will take the stand to testify in his own defense on Wednesday, according to his lawyer Charles A. Stillman.

04 May 2005 06:31 AM

ERICSSON TO CUT 250 JOBS IN CDMA UNIT

04 May 2005 06:29 AM

Time Warner, the world’s largest media company, reported on Wednesday its first-quarter results. Profit rose to $963 million, or 20 cents a share, from $961 million, or 20 cents, in the previous year. Revenue increased 3% to $10.48 billion. Analysts were expecting $10.3 billion.

03 May 2005 05:11 AM

Lenovo Group Ltd. has appointed International Business Machines Corp.’s executive Stephen Ward as chief executive after the completion of its takeover of IBM’s PC unit, where Ward served as general manager. Yang Yuanqing, Lenovo’s former chief executive, was named chairman. Liu Chuanzhi, the group’s founder and former chairman, is to become a non-executive director.

03 May 2005 05:09 AM

The parties of the Airbus-Boeing subsidies dispute voiced Monday their mutual preference for a peaceful solution of the problem, as opposed to an open confrontation at the World Trade Organization. This is the outcome of the talks in Paris where U.S. Trade Representative Robert Portman and European Trade Commissioner Peter Mandelson broached the subject.

03 May 2005 05:07 AM

Verizon Communications Inc. got over Qwest Communications International Inc. in the 10-week battle for MCI Inc., the company that was strategically important in the fight for the consolidation of the telecommunication industry. Qwest withdrew its offer totalling $9.9 billion after MCI accepted Verizon’s $8.5 billion bid.