Baxter International wins approval of EU after divesting of CCRT. Dialysis products specialist Baxter International Inc. (BAX) earned conditional approval to purchase Sweden-based competitor Gambro AB from the European Union.

The European Commission proposed the creation of a new agency that would close and revamp failed banks.

Crane Co, a diversified maker of engineered industrial products said today that the European Commission has extended its initial review period for the acquisition of MEI Conlux.

Lloyds Banking Group asked for a two year extension from the European Commission for the sale of its 631 branches.

Both antitrust regulators on both sides of the pond approved the sale of 49% of Virgin Atlantic to Delta Airlines.

Honeywell Industries, which purchased Intermec for US$600 million, has obtained approval from the European Commission.

European regulators see no issue with the purchase by Delta Airlines of 49% of Virgin Atlantic. (Photo : REUTERS)The Delta airline logo is seen on a strap at JFK Airport in New York According to Delta Airlines, it is expecting the unconditional approval from the European regulatory authorities for its purchase of 49% of Virgin Atlantic.

The European Commission receives subsidy complaint against China for illegal subsidies on solar glass sold in the EU market.

Luxembourg joins the many other members of the EU in allowing the relaxation of bank secrecy laws on deposits made in their country.

RBS to sell off shares in business interests. The Royal Bank of Scotland has put into motion its plan to further reduce its exposure in Direct Line. The move is to take advantage in the 20% rise in the insurer's share price since its flotation last year.