Business

EU court annuls approval of aid for German airline Condor

A top European Union court on Wednesday annulled the EU's approval of 550 million euros ($670 million) in state aid for German airline Condor, backing a challenge by budget carrier Ryanair but suspending the application of ...

Business

Spotify CEO 'very serious' about Arsenal takeover bid

Spotify co-founder Daniel Ek says he wants to bring back the "glory" to Arsenal as he plans to test the resolve of the club's American billionaire owner Stan Kroenke with a takeover bid.

Business

Japan telecom firms challenge $40 billion NTT takeover bid

Japanese telecoms firms appealed Wednesday to the communications ministry over a planned $40-billion takeover of the country's biggest mobile carrier by its government-backed parent, warning it would "prevent fair competition".

Business

Xerox hikes bid for HP to $36 billion

Xerox said Monday it was raising its offer for computer and printer maker HP to some $36 billion as part of an effort to win over shareholders amid a heightened battle for control of the Silicon Valley firm.

Business

HP rejects Xerox takeover offer again

Computer and printer maker HP on Sunday reiterated its rejection of Xerox's $33 billion takeover bid, saying the sum "significantly undervalues" the company.