Warburg Backs Gulf Exploration
WSJ.com: Europe Home 22 May 2012, 11:00 pm CEST
A group of investors led by Warburg Pincus will pump as much as $1.13 billion into a deep-water oil-and-gas exploration start-up, continuing private equity's dive into the Gulf of Mexico.
Dell's Profit Down 33% as Revenue Slips
WSJ.com: Europe Home 22 May 2012, 10:33 pm CEST
Dell said its first-quarter earnings slipped 33% as the computer maker struggled with slow customer demand.
SAP to Buy Ariba for $4.3 Billion
WSJ.com: Europe Home 22 May 2012, 9:49 pm CEST
SAP struck a $4.3 billion deal to acquire Ariba in a bid to expand its cloud computing offerings and challenge rival Oracle.
Rajaratnam Leapt on Alleged Tip, Aide Says
WSJ.com: Europe Home 22 May 2012, 9:48 pm CEST
A former assistant to Rajaratnam said the convicted hedge-fund manager pounced on an alleged tip from former Goldman director Rajat Gupta.
Kleiner Perkins Sued for Gender Discrimination
WSJ.com: Europe Home 22 May 2012, 9:41 pm CEST
Venture-capital firm Kleiner Perkins is facing a lawsuit from a female investment partner for gender discrimination and retaliation.
US Airways Flight Is Diverted
WSJ.com: Europe Home 22 May 2012, 9:10 pm CEST
A US Airways jetliner flying from Paris to Charlotte, N.C., was diverted to a Maine airport because of what authorities called "suspicious behavior" by a passenger.
EU to Spar Over Big Steps
WSJ.com: Europe Home 22 May 2012, 9:01 pm CEST
European leaders are expected to announce limited measures aimed at softening the bite of austerity on the euro zone's troubled economies, but will wrestle with policies that could overhaul the currency area's faltering economic machinery.
Barclays Said to Ponder Sale of Italian Branches
WSJ.com: Europe Home 22 May 2012, 8:07 pm CEST
Barclays is looking to sell all its Italian branches in an attempt to focus more on core activities to boost its profitability, a person familiar with the matter said.
Chesapeake Sees 90% of Budget Marked for Liquids
WSJ.com: Europe Home 22 May 2012, 7:51 pm CEST
Chesapeake Energy Tuesday said it stands by its plan to expand its oil production, saying it will spend nearly all of its 2013 capital budget on drilling in oil fields.
Europe's Workers Need More Mobility
WSJ.com: Europe Home 22 May 2012, 7:44 pm CEST
Europe's debt crisis has a mounting human cost: euro-zone unemployment. Addressing part of the solution, low labor mobility, is a challenge.
Syrian Violence Hits Capital
WSJ.com: Europe Home 22 May 2012, 7:28 pm CEST
A bomb that apparently struck a restaurant in the Syrian capital Damascus killed at least five people, the state-run news agency said Tuesday, as activists reported intense clashes between army defectors and soldiers in the restive north.
Broadcasters Fight Online Disclosure
WSJ.com: Europe Home 22 May 2012, 6:43 pm CEST
Broadcasters asked a U.S. appeals court to reject new FCC rules that would require online disclosure of political-ad rates.
When Toddlers Zone Out With an iPad
WSJ.com: Europe Home 22 May 2012, 6:18 pm CEST
Touchscreen devices like iPads are much loved by little tykes. But parents worry about how it may affect their development. Is it better or worse than television?
U.S. Stocks Erase Gains
WSJ.com: Europe Home 22 May 2012, 6:13 pm CEST
U.S. stocks erased gains from a day mostly spent in positive territory to close flat, as worries resurfaced in late trading about potential European instability.
Tesco CEO Turns Down Bonus
WSJ.com: Europe Home 22 May 2012, 5:17 pm CEST
Tesco Chief Executive Philip Clarke's annual pay has almost halved after he waived his £372,000 annual bonus following a lackluster performance from the U.K. supermarket chain last year.
Portugal Picks Banks For Airline Sale
WSJ.com: Europe Home 22 May 2012, 5:03 pm CEST
Portugal's government has picked four investment banks to run the privatization of its national airline TAP as the sector in Europe continues to be buffeted by high fuel prices, stiff competition and the region's sovereign debt crisis.
Home Resales Advance
WSJ.com: Europe Home 22 May 2012, 4:27 pm CEST
Sales of previously owned homes in the U.S. grew 3.4% in April, adding to signs that the housing market is recovering gradually from a nearly six-year downturn.
Facebook Down 4% Premarket
WSJ.com: Europe Home 22 May 2012, 3:29 pm CEST
Shares of Facebook continued to slide in premarket trading amid a Reuters report that an analyst for one of its banks had trimmed his outlook for the social-network company's revenue just ahead of the deal.
M&S Cuts Forecast as High Street Suffers
WSJ.com: Europe Home 22 May 2012, 9:49 am CEST
Tough conditions on the high street have forced Marks & Spencer to scale back its revenue growth targets, it said, as the U.K. bellwether reported a drop in full-year net profit.
Quant Pioneer's New Tool: Humans
WSJ.com: Europe Home 1 Jan 1970, 1:00 am CET
The surge in so-called quantitative investing, followed by the scarring "quant quake" of 2007, left one of Wall Street's quant pioneers reconsidering the role of machines.
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