ECB Cuts Rates,
Matches '05 Low

Europe New-Car Sales Fall 7.8%

European new-passenger-car registrations slumped to a 15-year low in 2008 as weak consumer confidence ate into demand for new cars.

Ireland Plans Bank Takeover

The Irish government will take control of Anglo Irish Bank after it took hits from an accounting scandal and the broader financial crisis.

Airbus Eyes Production Cut

Airbus finished a record year of plane deliveries but is now preparing contingency plans to cut production if demand for jetliners drops.

Sarkozy Toughens Stance on Bank Aid

French President Sarkozy said banks will have to suspend dividend payments to shareholders and bonuses to top management to be eligible for additional state aid.

Roche Plans to Cut 780 Jobs

Swiss drug maker Roche plans to cut 780 production jobs over the next two to three years, warning that the pharmaceutical industry won't be immune to the effects of a worsening economic environment.

Goldman, TPG Weigh Heidelberg Stake

Private-equity firms are weighing an investment in the cement company owned by the family of late German billionaire Adolf Merckle.

ASML Swings to a Loss

Chip-equipment supplier ASML swung to a fourth-quarter net loss as semiconductor makers struggle with slumping demand and tight credit.

Continental AG Mulls Sale of Shares

German auto-parts supplier and tire maker Continental said it is considering a $1.32 billion capital increase as an option to cover an expected goodwill-impairment charge.

Carrefour Sees Further Hardship

Carrefour expects consumer spending to be weak for months as the retailer's sales gains nearly stopped in 2008's fourth quarter.

Lebedev Eyes London Newspaper

Rio Tinto Sees More Cutbacks

Russian Ruble Falls to New Low

Sarkozy Makes Changes to Cabinet

U.K. to Back Third Heathrow Runway

Former German Leader
Joins TNK-BP Board

Brewers' Gloomy Outlook Darkens

Deutsche Bank Warns of Deep Loss

France Weighs Aid for Auto Makers

U.K. Details Rescue Plan

Barclays Plans to Cut Jobs