Chinese oil giant CNOOC buys Canada's Nexen
The Chinese oil giant CNOOC completed its $15.1 billion purchase of Canada's Nexen energy group on Monday, in what analysts have said is China's largest foreign investment.
26 February 2013
BP accused of greed, lax safety at US oil spill trial
The US government accused BP of letting greed triumph over safety Monday in the opening arguments of a multi-billion dollar trial over the devastating 2010 Gulf of Mexico oil spill.
Judge blocks Apple shareholder vote in lawsuit
A US federal judge blocked Friday an Apple shareholder vote in response to a hedge fund lawsuit that claimed the tech giant was improperly bundling questions on a ballot.
United Airlines extends 787 grounding to May
United Airlines said Thursday it expected to keep its six Boeing 787s out of service until May 12, as the cutting-edge airplane remained grounded worldwide due to battery problems.
22 February 2013
New York Times revives effort to sell Boston Globe
The New York Times, facing a difficult environment for newspapers in the digital age, announced Wednesday that it was reviving its efforts to sell The Boston Globe.
21 February 2013
Europe horsemeat scandal spreads to Asia
The fallout from Europe's horsemeat scandal has spread far outside the continent, with an imported lasagne brand pulled from shelves in Hong Kong and a new row over the treatment of horses farmed in the Americas.
21 February 2013
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World's biggest food firms embroiled in Europe horsemeat scandal
The world's biggest food company, Swiss-based Nestle, and the world's top beef producer, JBS of Brazil, were Tuesday the latest in a long list of firms to be caught up in Europe's spiralling horsemeat scandal.
Google shares top $800 despite Microsoft challenge
Internet search king Google's shares pushed past $800 for the first time Tuesday despite a tough new challenge from Microsoft and looming European Union action over alleged privacy violations.
20 February 2013
FBI examining possible Heinz insider trades
The FBI is examining possible insider trading in Heinz shares ahead of last week's buyout announcement, after US regulators identified suspicious trades from a Swiss account.
Nestle finds horsemeat in pasta dishes in Italy, Spain
Swiss food giant Nestle has become the latest retailer hit by Europe's horsemeat scandal, announcing it is removing pasta meals from supermarket shelves in Italy and Spain due to contamination.
Devaluation of bolivar expensive for some US firms
The recent devaluation of the Venezuelan bolivar was a blow to some major US companies, highlighting the importance of financial ties between the two nations despite their political disagreements.