GERMANY

Oracle Corp's quarterly software sales came in sharply below expectations, dashing hopes that corporate technology spending is rebounding and sending its shares down 2.7 percent.

Oracle Corp's quarterly software sales came in sharply below expectations, dashing hopes that corporate technology spending is rebounding and sending its shares down 2.7 percent.

U.S. and Canadian judges said on Wednesday approved Nortel Networks Corp's sale of its enterprise business to Avaya Inc for about $900 million, part of the liquidation of the bankrupt telecoms company.

A U.S. bankruptcy judge rejected on Wednesday Verizon Communications Inc's objections to a plan by Nortel Networks Corp to sell its enterprise business to Avaya Inc for $900 million.

The European Union will support maintaining policies that poured trillions of dollars into economies and call on a G20 meeting for progress on trade talks to help boost a recovery, a draft policy document said.

Executives at the Frankfurt Motor Show predicted a bumpy road to a car market recovery as they showcased their latest green technology, which they hope will transform the industry.

A solar-powered house built by a group of Texas students offers a blueprint for recession-hit U.S. families to reduce their carbon dioxide emissions and their electricity bills without busting their budget.

Opel's chairman warned that turning around the unprofitable automaker in the next few years would not be an easy road as the sale of the European carmaker to Canada's Magna (MGa.TO) drew a political storm.

BMW, the world's biggest premium carmaker, would not need to make more job cuts even if a second wave of the global financial crisis would hit, personnel chief Harald Krueger told Reuters.

The 63rd International Motor Show (IAA 2009) will officially opened by German Chancellor Merkel on September 17 and last for ten days amid the global economic downturn that has hit the automotive industry hard.

Banks with low levels of capital will not be able to offer large bonuses under guidelines the G20 is set to discuss this month, the Financial Stability Board said on Tuesday.

Italian engineering company Trevi Finanziaria Industriale's order portfolio could rise to 1.2 billion euros ($1.7 billion) by the end of the year, driven by emerging markets, its CFO said on Tuesday.

Biogen Idec Inc said on Tuesday it would be premature to conclude that the risk of developing a potentially deadly brain infection increases the longer patients take its multiple sclerosis drug Tysabri.

Deutsche Telekom has not taken a decision on any option that could change its position in the U.S. market and is not planning to do so in the immediate future, two sources familiar with the company said.

German carmaker Opel needs to cut capacity and workforce quickly to return to profitability, but any decision on restructuring the company would not be driven by political considerations, Opel Chairman Carl-Peter Forster said on Tuesday.

News that European car sales rose for a third consecutive month in August helped lift the mood at the Frankfurt Motor Show, where automakers will showcase green technology they hope will transform the industry.

Opel workers aim to avert closure of a Belgian factory in Antwerp following a takeover by Canadian automotive group Magna (MGa.TO) by shortening working hours there, Opel's labor leader said on Tuesday.

Toyota Motor Corp (7203.T) expects industry auto sales in Europe to remain flat or decline further in 2010, from 2009, as government incentive programs cease to inflate sales, the head of the automaker's European operations said on Monday.

Here are comments made by executives from the global automotive industry at the Frankfurt Motor Show this week on the economy and the industry outlook.

News that European car sales rose for a third consecutive month in August kicked off the Frankfurt Motor Show, where automakers are showcasing green technology they hope will transform the industry.

BASF SE said on Tuesday it has received approval from the Environmental Protection Agency for a new herbicide that it will market as a complement to a popular Monsanto Co herbicide.