European Economic Outlook Dims Amid Leaders’ Impasse PARIS — Economic reports Thursday showed Europe’s prospects dimming as the long battle to defend the euro zone continued to undermine confidence and raised the prospect of a renewed cycle of demands for austerity. The relentlessly bleak data ... http://www.nytimes.com/2012/05/25/business/global/daily-euro-zone-watch.html?pagewanted=all -

European Shares Seen Lower; Greece Worries Markets At least half of euro zone governments as well as banks and large companies are making contingency plans in case Greece decides to leave the single currency area, even though the preferred option is still for Athens to keep the euro.  Italian Prime ... http://www.cnbc.com/id/47561405 -

European Stocks and the Euro Slide on Fears Over Spain PARIS — European stocks and the euro gave up early gains on Friday, as investors fretted over the Greek crisis and after the president of Catalonia said the Spanish region would run out of money before June unless it received funds from the ce ... http://www.nytimes.com/2012/05/26/business/global/daily-euro-zone-watch.html?pagewanted=all -

European Stocks Climb on Monti; Nexans Shares Advance European stocks climbed, extending the Stoxx Europe 600 Index’s first weekly advance in May, as Italy’s Prime Minister Mario Monti said that most European Union leaders support joint bonds for the euro area. Nexans SA added 4.6 percent after ... http://www.bloomberg.com/news/2012-05-25/european-stock-futures-erase-drop-bankia-might-be-active.html -

European oil companies face hurdles with Iran ban SINGAPORE (MarketWatch) -- A European Union ban on Iran's oil from July could have major consequences for European oil companies in Asia, as little-understood provisions in the sanctions law could see them facing investigation despite their best ... http://www.marketwatch.com/story/european-oil-companies-face-hurdles-with-iran-ban-2012-05-25 -

European Stocks Give Up Gains LONDON—European stocks gave up earlier gains Friday and the euro steadied as initial enthusiasm over encouraging French and German data gave way to doubts about the continuing uncertainty in Greece. "The key feature is Europe more than ... http://www.marketwatch.com/story/european-stocks-open-higher-2012-05-25 -

Persistent Greek fears hobble European equities LONDON (Reuters) - Relentless worries over a possible Greek exit from the euro zone checked European stock markets on Friday after a brief rally following sharp losses earlier in the week, and traders said markets would remain volatile over the coming month. http://www.msnbc.msn.com/id/47563511 -

European Factors to Watch-Stocks set to halt rebound PARIS, May 25 (Reuters) - European stocks were seen falling on Friday, halting the previous session's tentative rebound as lingering worries over Greece's potential exit from the euro zone continue to rattle investors. Financial spreadbetters ... http://www.reuters.com/article/2012/05/25/markets-europe-factors-idUSL5E8GP0S320120525 -

European Stocks Rise as Greece Concern Eases The euro strengthened after Italian Prime Minister Mario Monti said most of the region’s leaders support sales of joint bonds. French 10-year yields fell to an all-time low, while European stocks pared gains. The euro appreciated 0.4 percent ... http://www.businessweek.com/news/2012-05-24/asian-stocks-rise-as-greece-concern-eases-oil-kiwi-gain -

European panel backs Vertex cystic fibrosis drug Vertex Pharmaceuticals said today it secured a key approval from a European panel for its cystic fibrosis treatment drug Kalydeco The backing from the European Committee for Medicinal Products for Human Use was based on positive results from two clinical ... http://bostonherald.com/jobfind/news/healthcare/view/20220525european_panel_backs_vertex_cystic_fibrosis_drug -

Big European funds dump euro assets (Financial Times)-- Some of Europe's biggest fund managers have confirmed they are dumping euro assets amid rising fears over a possible Greek exit from the eurozone and single currency turmoil. The euro's sudden fall this month caught many ... http://edition.cnn.com/2012/05/25/business/europe-funds-dump-euro/index.html?eref=edition -

Wanted: Bigfoot hair samples for European study LONDON (AP) — European researchers are planning to use new techniques to analyze DNA that could help crack the mystery of whether Bigfoot exists. New genetic tests will be done on just a few strands of hair and should be completed within weeks. http://news.yahoo.com/wanted-bigfoot-hair-samples-european-study-130038651.html -

European Commission: Google Rigs Online Ads Is Google abusing its dominant position in online advertising and content delivery? On the very day when Google participated in a celebration of the free flow of information, a European Commission vice president warned that his office is within weeks of ... http://www.readwriteweb.com/enterprise/2012/05/european-commission-google-rigs-online-ads.php -

European Markets Managed Modest Gains On Friday (RTTNews) - The European markets ended Friday's session in positive territory. Concerns over a possible Greek exit from the Eurozone have persisted and Greece will likely remain in focus until the country's second round of elections is held on June 17th. http://www.rttnews.com/1894522/european-markets-managed-modest-gains-on-friday.aspx?type=eucom&Node=B3 -

Defensives push European shares up against bleak backdrop LONDON, May 25 (Reuters) - Drugmakers and utilities were among the top gainers as Europe's top share index closed higher on Friday, albeit in choppy trade and light volumes, as uncertain macro economic conditions dampened investors' risk appetite. http://uk.reuters.com/article/2012/05/25/markets-europe-stocks-idUKL5E8GPA0K20120525 -