Deutsche Bank Profit Halves on Litigation Costs

Deutsche Bank on Sunday said its first-quarter net profit fell around 50% as strong revenue growth was outweighed by a record penalty to settle with authorities over rate-rigging allegations earlier this week.

U.K. Tells BP it Would Oppose Foreign Takeover

The U.K. government told BP that it would oppose any potential foreign takeover of the company because it wants the oil giant to remain a British company with global clout.

Capgemini Buys IGATE for $4 Billion

French computer services and technology company Capgemini said it will buy U.S. peer IGATE for $4 billion, making North America the French company's largest market.

Sandvik Net Profit Hit By One-Offs But Beats Forecasts

Swedish engineering company Sandvik reported a 72% drop in net profit for the first quarter due to costs related to a group-wide cost saving program.

Volkswagen Chairman Piech Resigns

An era at one of Europe's biggest corporations ended dramatically Saturday when Ferdinand Piech, chairman of Volkswagen AG and grandson of the company's founder, unexpectedly resigned after losing a rancorous battle to oust Chief Executive Martin Winterkorn.

DBS Group 1st Quarter Net Profit at Record High

DBS Group Holdings Monday said its first quarter net profit rose 10% on year on an improvement in its interest income and margins. Net profit in the January-to-March quarter was $851 million, its highest ever.

M2 Group Offers $1.18 Billion for iiNet

M2 Group could be kicking off a bidding war for internet-service-provider iiNet with an offer of around $1.18 billion, in a further shake-up of Australia's telecommunications scene.

China Vanke 1st Quarter Net Profit Down 57.5%

China Vanke, one of the China's largest property developers, said its net profit for the first quarter fell a sharp 57.5% from a year earlier, as it sold and completed fewer properties.