Samsung says will take a hit to its operating profit of about 2.7 billion euros in the next two quarters from scrapping the Note 7 smartphone.
In a statement, the company says it has made a "final decision" to stop making its star product. It comes in the wake of reports of devices spontaneously catching fire.
Samsung halts production and sales of the Galaxy Note 7 and urges users to turn off the device amid renewed reports of fires.
Deutsche Bank has failed to secure a speedy deal with the US Department of Justice over the misselling of mortgage-backed securities.
Deutsche Bank shares continued their gyrations - down nearly nine percent at one stage on Friday on fears about its stability.
European stock markets are suffering a nervous Monday as investors sold off energy company and bank shares - with Deutsche Bank the biggest loser.
UK finance minister Philip Hammond has welcomed the stimulus measures announced by the Bank of England; in reaction London's FTSE 100 share index rose and the pound fell in value.
Italian bank Monte dei Paschi di Siena is reportedly about to be removed from the STOXX Europe 600 index - a listing of the region's top shares.
HSBC.,Europe's biggest bank, just reported a 29 percent drop in pretax profits for the first half of 2016 and will buy back $2.5 billion worth of shares.
Qatar Airways has lifted its stake in IAG to 20 percent, following its recent investments in LATAM and Italy's Meridiana.
Facebook's shares have hit a new all time high after it announced a 59.2 percent jump in quarterly revenue.
Confusion over the launch of Pokemon GO in Japan has gamers angry and investors selling the shares of Nintendo.
Pokemon GO continues to boost the shares of video game company Nintendo. They are now worth twice what they were when the 'augmented reality' game was released just over a week ago.
Brexit uncertainties hang over the merger between the London Stock Exchange and Germany's Deutsche Boerse even as LSE shareholders overwhelmingly voted for it.
Royal Dutch Shell is to end oil and gas operations in up to 10 countries as it further reduces spending after the purchase of BG Group.
Germany's Bayer has offered to buy US seeds company Monsanto for $62 billion (55 billion euros) in cash trying to gain the top spot in the fast-consolidating farm supplies industry.
Twitter won't comment on a Bloomberg report users will soon be able to write longer tweets as it plans to stop including photos and links as part of its 140 character limit.
Investors remain nervous about Turkey's political situation, but share prices and the lira regained some of their earlier losses on Thursday.
BP has said it could reduce its capital spending further after reporting an 80 percent drop in profits in the first three months of the year.
Alaska Air Group says it has agreed to buy Virgin America for almost 2.3 billion euros. It wants to expand its presence on the US West Coast
China's Anbang raises offer for Starwood Hotels & Resorts to almost $14 billion, trying to see off Marriott International's bid.
Barclays is quitting Africa after almost a century of doing business there. The announcement came as it reported pretax profit last year was 5.4 billion pounds, down 2% on 2014.
ArcelorMittal is to issue 2.7 billion euros of new shares to reduce debt and cut costs with its profits hit by a plunge in steel prices, which the world's largest steelmaker blamed on cheap exports fr
Budget airline easyJet says travel demand was dampened by security fears late in 2015 but a recovery in bookings has put it on track to meet annual profit forecasts.
Another blow for Volkswagen. The German carmaker has seen its market share decline for the first time in eight years. It comes in the wake of the
European markets fell sharply on Thursday after China accelerated the depreciation of the yuan, but came off lows after the Shanghai and Shenzen
The world’s third-largest shipping firm, CMA CGM of France, has bid of $3.4 billion (3.13 billion euros) to buy Singapore’s Neptune Orient Lines. It
UniCredit has become the latest major European bank to announce a major overhaul as part of its strategic plan – involving some fairly major lob