Lufthansa cabin crew union says pay talks have failed
FRANKFURT (Reuters) - Talks between Lufthansa and its main cabin crew union have failed, the union said on Saturday, raising the prospect of more strikes at the German carrier.
ECB reveals capital hole in Greek banks as unpaid loans soar
FRANKFURT (Reuters) - Greece's banks need to raise more than 14 billion euros ($16 billion) of extra capital to cover mounting unpaid loans, the European Central Bank said on Saturday as it announced the results of stress tests intended to rehabilitate Greek lenders.
Swatch CEO sees 2016 Swiss launch for pay watch: newspaper
ZURICH (Reuters) - Swatch Group expects to launch a smartwatch that can be used to make payments in Switzerland next spring, Chief Executive Nick Hayek said in an interview with a Swiss newspaper published on Saturday.
Italy court says no proof of wrongdoing in UniCredit mafia probe
FLORENCE (Reuters) - An Italian court said on Saturday there was no proof to back up allegations three top officials at Italy's biggest bank by assets UniCredit had helped a businessman who prosecutors claimed had links to the Sicilian mafia, according to a court document.
Merkel says VW must act in transparent manner
BERLIN (Reuters) - The "Made in Germany" brand has not been damaged by the Volkswagen scandal, but the carmaker needs to deal with the matter in a transparent manner, German Chancellor Angela Merkel said on Saturday in her weekly podcast.
ECB will do what is needed to keep inflation target on track: Draghi
MILAN (Reuters) - The European Central Bank (ECB) is ready to do whatever it takes to keep its mid-term inflation target on course, the head of the bank Mario Draghi said in a newspaper interview published on Saturday.
Battered transport stocks could attract on price
(Reuters) - Though the stock market has broadly recovered from its August swoon, the same can't be said of transport stocks. Continuing weakness in railroad and trucking companies have pushed the Dow Jones Transport Average index away from the S&P 500, a divergence that often is seen as a broad
ECB to say how much Greek banks need to survive
FRANKFURT (Reuters) - The European Central Bank is expected to say on Saturday that Greek's battered banks need up to 14 billion euros ($15.4 billion) in fresh capital in order to survive.
BofA reaches $335 million settlement over mortgages, MERS
NEW YORK (Reuters) - Bank of America Corp has reached a $335 million settlement of a federal lawsuit accusing it of misleading shareholders about its exposure to risky mortgage securities and its dependence on an electronic mortgage registry known as MERS.
Boeing likely to match Airbus on single-aisle output: source
SEATTLE (Reuters) - Boeing Co is likely to broadly match European rival Airbus SA in notching up production of single-aisle aircraft to 60 a month, but the timing of Boeing's move remains uncertain, according to a person familiar with the situation.