SWEDEN

Sanofi-Aventis's diabetes drug Lantus may increase the risk of cancer, according to new but inconclusive studies from experts around Europe.

Sony Corp is considering developing a cellphone-game gear hybrid in a bid to better compete with Apple Inc's highly popular iPod and iPhone, the Nikkei business daily said on Saturday.The Japanese electronics and entertainment conglomerate launched its first Walkman three decades ago, dominating the portable music player market, but it has been running far behind the iPod and iPhone in recent yea...

Sanofi-Aventis's diabetes drug Lantus may increase the risk of cancer, according to European studies involving some 300,000 insulin-treated patients, prompting a call from experts for more research.

Sony Corp is considering developing a cellphone-game gear hybrid in a bid to better compete with Apple Inc's highly popular iPod and iPhone, the Nikkei business daily said on Saturday.

MySpace, the social networking website owned by Rupert Murdoch's News Corp, said on Tuesday it plans to cut about two-thirds of its international workforce and close at least four of its offices outside the United States.

MySpace, the social networking website owned by Rupert Murdoch's News Corp, said on Tuesday it plans to cut about two-thirds of its international workforce and close at least four of its offices outside the United States.

MySpace, the social network owned by Rupert Murdoch's News Corp, said it plans to cut about two-thirds of its international workforce and close at least four of its offices outside the United States.

At first glance, Spotify isn't much different from other on-demand streaming music services. It includes roughly the same library of songs, pays the same per-stream licensing fees for music and contends with the same poor ad-sales environment.

The following are comments by European Union leaders at a two-day summit starting on Thursday in Brussels.

Swedish carmaker Saab secured a key court ruling on Wednesday to cut billions of crowns in debt, paving the way for its proposed takeover by local sportscar maker Koenigsegg.

Swedish carmaker Saab Automobile secured a key court ruling on Wednesday allowing it to cut billions of crowns of debt and paving the way for a takeover of the General Motors unit by local sportscar maker Koenigsegg.

Sweden's Koenigsegg, a niche manufacturer of some of the world's fastest and most expensive sports cars, has struck a deal to buy loss-making Saab Automobile from General Motors Corp, the companies said on Tuesday.

European Union foreign ministers welcomed Monday the Israeli prime minister's conditional endorsement of a future Palestinian state, but said it was not enough to raise EU-Israel ties to a higher level.

Carmaker Saab said on Monday it was likely to unveil its new owner this week, and that three quarters of its creditors had agreed to a proposed writedown of the loss-making General Motors brand's debt.

Tiny carmaker Koenigsegg is ready to take over General Motor's loss-making Saab unit, and says it has numerous good solutions to help get the company back on its feet, its major shareholder told daily Dagbladet. A source familiar with the talks told Reuters this week that General Motors is close to selling its Saab unit to Koenigsegg, and that it was backed by Norwegian investors.

The U.S. government's new technology czar said on Thursday that new mobile phone applications could spur private investment in high-speed Internet connections, but Washington would also play a leadership role.

Swedish luxury carmaker Koenigsegg and Norwegian investors have struck a preliminary deal to buy General Motors' Swedish unit Saab, a source familiar with the matter said on Thursday.

Beijing Automotive Industry Holding Corp is interested in buying Ford Motor Co's Volvo car unit, the Wall Street Journal reported, adding a new name to a list of potential Chinese bidders for the Swedish luxury car brand.

Swedish and Finnish divers have located the wreck of a Soviet submarine sunk during World War Two in the Baltic Sea, the team said on Tuesday.

World number two truck maker Volvo (VOLVb.ST) said on Tuesday it had withdrawn redundancy notices previously handed out to 335 employees after a union deal cutting working hours and wages.

European Commission President Jose Manuel Barroso declared his candidacy for a second five-year term on Tuesday after electoral gains for his center-right allies strengthened his bid.