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FRANKFURT China's Fujian Grand Chip Investment Fund has dropped its takeover bid for German chip equipment maker Aixtron after U.S. President Barack Obama blocked the deal.Fujian's takeover vehicle Grand Chip Investment said on Thursday its offer had lapsed as it had failed to obtain U.S. regulatory approval for the purchase,

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HAMBURG Airbus (AIR.PA) has developed a new, slimmer staircase for its A380 super jumbo to allow for more seats in its latest effort to improve sales of the world's largest airliner.Reuters reported last month that Airbus was considering doing away

By Jonathan Stempel | NEW YORK NEW YORK Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Monday said it added to its

By Henning Gloystein | SINGAPORE SINGAPORE Oil prices edged up on Tuesday, driven by anticipation that an OPEC-led pledge to cut