European Companies

EuroCrisis: Olli Rehn Trys to Talk up Economy

The European economy is suffering a mild and short-lived recession and is expected to witness a slow recovery at the start of 2-H this year and the next year, European Union (EU) Economic and Monetary Affairs Commissioner Olli Rehn said Friday, the statement shows how far from reality the European politicians now reside. Real economy [...]

EuroCrisis Spain, Banks Made Fatal Error

EuroCrisis Spain, Banks Made Fatal Error Spanish banks, that have little or no access to wholesale debt markets after losing billions as a decade-long property bubble burst in 2008, took in vast amounts of cash the European Central Bank pumped into the euro zone banking system in December and February, in operations totaling more than [...]

VASCO Data Security (NASDAQ: VDSI) Earnings Fall

VASCO Data Security International, Inc. (NASDAQ: VDSI) (www.vasco.com), today reported financial results for the first quarter ended March 31, 2012. Revenue from continuing operations for the first quarter of 2012 decreased 11% to $32.3 million from $36.1 million in the first quarter of 2011. Net income from continuing operations for the first quarter of 2012 [...]

AboveNet, Inc. (NYSE: ABVT) in Europe Deal

April 26th 2012 — AboveNet, Inc. (NYSE: ABVT) AboveNet communications, a leading provider of high bandwidth connectivity, has chosen ancotel’s ‘virtual meet me room’ (vmmr) in Frankfurt to extend the availability of its premium Ethernet services. AboveNet’s high performance network delivers up to 40Gig with ancotel’s vmmr Ethernet platform. These high end services are now [...]

Royal Dutch Shell (NYSE:RDS-A) Expands in Africa

Royal Dutch Shell has agreed to buy Cove Energy for GBP1.12-B (US$1.8-B), lifting its offer to access East Africa’s huge Nat Gas reserves, but failing to quell rumors of a bidding war with Thailand’s PTTEP for the Mozambique-focused explorer. Cove’s directors recommended the offer from Oil major Shell, which matched rather than beat a rival [...]

Aviation News: Private Jet Guide to Europe

Where will your vacation take you this summer? London? Paris? The French Riviera? If you want to fly by private jet, it’s not too early to start planning. Booking a private jet flight to Europe requires very special expertise. There are dozens of fees, permits and other considerations that you or your travel consultant need [...]

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Russia Lowers GDP Estimates for 2012

Russia lowers GDP growth forecast for Y 2012 Russia slashed its gross domestic product (GDP) growth for this year from 3.7 to 3.4%, Minister of Economic Development Elvira Nabiullina said Friday. Speaking at the joint meeting of Russian and Belorussian economic ministries, Ms. Nabiullina also downgraded Russia’s outlook for capital investments from 7.8 to 6.6%, [...]

SAP (NYSE:SAP) to Launch Take-Overs

SAP (NYSE:SAP) headed to Silicon Valley, on the lookout for startups SAP AG (SAP), Europe’s biggest software maker, celebrates its 40th anni this week. To stay in the “mix” for the next 40 yrs, the Company asks its Silicon Valley venture arm for help. Backed by US$353-M from its parent, SAP Ventures is searching for [...]

Ferdinand Porsche, Creator of 911 Dies

Ferdinand Porsche, creator of 911, dies at 76 anni Ferdinand Alexander Porsche ,76 anni, the designer of the original version of the iconic 911 Sports Car, died today in Salzburg, Austria. “As creator of the Porsche 911, he established a design culture that molds our sports cars today,” Matthias Mueller, chief executive officer of Porsche [...]

SAP AG (NYSE:SAP) Dividend Jumps 83%

Today, the Supervisory Board of SAP AG (NYSE:SAP) has decided to follow the recommendation of the Executive Board to propose at the Annual General Meeting of Shareholders a dividend of euro 1.10 per share for the fiscal year 2011. This represents an increase of 83% to euro 1.10 compared to last year’s dividend of euro [...]

Investor Services

Private Equity Takes a Hit in Q1 2012

Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …