Europe News
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Royalty Pharma, an investor in royalty streams from pharmaceuticals, raised its offer to buy Elan Corp. after the Irish drugmaker announced several acquisitions to boost revenue and resist the bid.
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European stocks advanced, extending the Stoxx Europe 600 Index’s highest level since June 2008, as the region’s carmakers rallied.
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A subsidiary of Gunvor Group Ltd., the independent energy trader, was served a subpoena by the U.S. Attorney’s office in April 2011 for documents relating to its oil-trading activities.
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After paying for stakes in European companies, landmarks in London, uprisings in the Middle East and a soccer title in France, Qatar may be getting ready to go home.
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