Europe News
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European stocks rose, rebounding from a six-week low, after rating companies reaffirmed America’s creditworthiness. U.S. stock-index futures climbed and Asian shares erased losses.
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Germany’s government is offering 211 billion euros ($284 billion) in guarantees to save the European economy. The country’s consumers are doing their part, too.
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The soaring earnings of top bankers such as Barclays Plc Chief Executive Officer Robert Diamond are having a “corrosive” effect on the U.K. economy, the High Pay Commission said.
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Fiat SpA is counting on Lorenzo Ramaciotti, the designer of the Ferrari 612 Scaglietti, to make Chrysler models appear at home in both Detroit and Milan.