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.
17 February 2013 11:46
Berkshire, 3G buy ketchup maker Heinz in $28bn deal
Billionaire Warren Buffett's investment powerhouse Berkshire Hathaway and Brazilian-led 3G Capital announced Thursday they would take over venerable US ketchup maker Heinz in a deal worth $28 billion.
American and US Airways near mega-merger
American Airlines and US Airways are close to striking a merger deal that would create the largest airline in the United States in the latest bout of consolidation in the US aviation industry.
US with new line of inquiry in Boeing probe
The National Transportation Safety Board said Monday it is examining whether the Boeing 787's lithium-ion battery problems were due to formation of microscopic structures called dendrites.
12 February 2013 13:21
Neutral in a harsh world: the history of the ICRC
Founded to care for victims of war, the International Committee of the Red Cross has faced a tough task, sometimes been found wanting, but has always known how to adapt to shifting challenges.
Greenlight sues Apple, with eye on cash pile
Apple said Thursday it is weighing ways to give shareholders more of its huge cash stockpile, after hedge fund Greenlight Capital filed suit in an effort to press it in that direction.
08 February 2013 17:43
NY Times making more from readers than advertising
The New York Times Company said Thursday that its revenue from readers and subscribers overtook that of advertising for the first time in 2012, as the media group reported a boost in profits.
08 February 2013 17:04
US safety board finds clue to Boeing fire, faults FAA
The National Transportation Safety Board on Thursday criticized the government's certification process for the Boeing 787 and said it had pinpointed how a battery fire occurred on one of the planes.
Eni's CEO Paolo Scaroni investigated over Algeria bribes
Italian energy major Eni's CEO Paolo Scaroni has been placed under investigation over alleged bribes paid to win contracts in Algeria, the company said on Thursday, denying any involvement in the scandal.
Boeing 787 probe results 'weeks away': NTSB
The results of a probe into the Boeing 787 Dreamliner will likely not be known for weeks, investigators said Wednesday, meaning the fleet will remain grounded for at least that long.
07 February 2013 11:39
RBS bank says to pay 'significant penalties' over Libor
Royal Bank of Scotland on Wednesday said it expected to pay "significant penalties" and face other sanctions from British and US financial regulators over its role in the Libor rate-rigging scandal.