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Europe News

AstraZeneca to cut jobs, close plants in Europe (AP via Yahoo! News) Pharmaceutical company AstraZeneca PLC said Thursday it plans to close three plants in Spain, Belgium and Sweden and cut 1,400 jobs in Europe by 2013 to improve efficiency and expand investment in Asia to serve the growing market there. Markets in Europe and Asia follow Wall St. drop (International Herald Tribune) Stocks fell sharply Thursday in Europe and Asia, a day after a withering sell-off on Wall Street sent U.S. stocks to their lowest close since 2003. EBRD Plans Record East Europe Investment to Stem Skid (Update1) (Bloomberg) Nov. 20 (Bloomberg) -- The European Bank for Reconstruction and Development plans to invest a record 7 billion euros ($8.8 billion) in central and eastern Europe next year to help the region weather a global economic slump. Pfizer withdraws Europe application for OTC Viagra (AP via Yahoo! Finance) Pfizer Inc. said Thursday it has withdrawn an application to make 50-milligram Viagra tablets available over the counter in Europe. BDB Bank Lobby Expects Stagnation in Europe, Germany (Update1) (Bloomberg) Nov. 20 (Bloomberg) -- Germany's BDB bank association said it no longer expects any growth in Europe's largest economy nor in the 15 states that share the euro next year.

This entry was posted on Saturday, March 24th, 2007 at 9:21 am and is filed under E.