Elizabeth F Ayscue

Italy need Germany's moral support, not financial support, Prime Minister Mario Monti said in an interview Sunday.

Switzerland's biggest bank UBS AG (UBS) has fired about 24 traders and managers in connection with an investigation into the manipulation of benchmark Libor interest rate, Swiss newspaper Der Sonntag reports.

Taiwan Semiconductor Manufacturing Co. Ltd (2230.TW,TSM) said Sunday it will join the Dutch semiconductor customer's co-investment program, following a similar move of chip giant Intel Corp. (INTC).

AT&T Inc. and the Communication Workers of America late Saturday agreed to a five-day contract extension for 22,000 employees and said talks are continuing.

Spain has no rush to request a new European bailout and can afford to wait until more details come to light about the conditions tied to it, Finance Minister Luis de Guindos said.

Global contract chip maker Taiwan Semiconductor Manufacturing Co. (TSM) said Sunday it has acquired 5% of Dutch semiconductor-equipment maker ASML Holding NV (ASML.AE) for 838 million euros ($1.04 billion) as it aims to accelerate the development of next-generation semiconductor-manufacturing

Barclays PLC (BCS) is working on a radical new pay scheme that could see bonuses for top executives cut and not paid out until they retire, the Sunday Times reports without citing sources.

U.K. retailer Marks & Spencer Group PLC (MAKSY) is being eyed as a potential 6 billion pound (9.4 billion dollar) bid target after a 50% slump in its shares since 2007, the Sunday Telegraph reports, citing banking sources.

European anti-trust regulators are asking music industry rivals whether Vivendi SA's (VIV.FR) Universal Music Group is proposing to sell off enough of its U.S. business, the Sunday Telegraph reports, citing a questionnaire it has seen.