Rate of deals collapsing has increased since September. Announced M&A activity is down 27%in the year to date compared with 2007, and the quarterly rate ... more

Pipeline of experimental medicines remains relatively weak as its existing drugs, including heart drug Plavix, are threatened by patent expiries and generic threats.

Group blames blames failure to pay dividend for the June-September quarter on its need to find the $720m cash it had not so far raised ... more

No state bail-out for industrial patriarch caught in the same extraordinary surge in VW's share price that left many large hedge-funds reeling in October. Bankers ... more

Seat Pagine Gialle, publisher of the Italian yellow pages, is in talks with the Royal Bank of Scotland to renegotiate the covenants on its senior ... more

Moves such as paying workers to take career breaks are part of an increasing trend across Europe as companies react to plummeting demand by trying ... more