Russian firm to pay Venezuela $1.1 bn in joint oil venture
Russian oil giant Rosneft will pay Venezuela $1.1 billion to take part in a joint oil-extraction venture in the crude-rich southeast.
Peugeot unveils historic 5 bn euro loss for 2012
Embattled French auto giant PSA Peugeot Citroen announced Wednesday a massive net loss of five billion euros ($6.7 billion) for 2012, the worst result in its history.
Italy defence firm chief arrested for India bribes: reports
Italian police on Tuesday arrested the chief executive of aerospace and defence giant Finmeccanica for corruption and embezzlement in relation to alleged bribes given to the Indian government.
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.
Dell buyout highlights PC sector woes: analysts
Dell's plan to take the computer giant private offers an opportunity to return to its start-up roots, but won't solve the fundamental problems facing the company and the PC sector.
Barclays announces departure of senior bank staff
Barclays on Monday said that its finance director and top legal expert had decided to leave the bank, as the British lender undergoes a shake-up in the wake of the Libor rate-rigging scandal.
Pfizer unit Zoetis makes strong market debut
Zoetis, pharmaceutical giant Pfizer's animal-health division, made a dramatic debut on Wall Street Friday as the biggest initial public offering since Facebook.
Hostess selects lead bidders after $410 mn offer
Twinkie manufacturer Hostess said Wednesday it had chosen a joint offer from investment firms C. Dean Metropoulos & Co. and Apollo Global Management LLC as the lead bid to buy the popular snack maker.
Philips returns to profit, sells entertainment business
Electronics giant Philips on Tuesday reported 2012 net profits of 231 million euros (311 million dollars), after losses of 1.29 billion euros in 2011, and announced the sale of its entertainment business to focus further on health products.
Tech entrepreneur Musk offers to help Boeing
Tech entrepreneur Elon Musk, founder of the electric carmaker Tesla and aeronautics firm SpaceX, has offered to help Boeing fix apparent problems with the batteries in its grounded 787 Dreamliner.
Starbucks may pull British investment over tax issue: report
Starbucks has threatened to suspend millions of pounds of investment in Britain over what it sees as unfair targeting by Prime Minister David Cameron over its tax affairs.
Apple loses world's most valuable company crown
Apple shares extended their losses Friday, ending a miserable week for the California tech giant as it surrendered its position as the world's biggest company based on market value.
Gatorade pulls 'fire retardant' additive
PepsiCo subsidiary Gatorade said Friday it was removing an ingredient from its popular citrus-flavored sports drink that has a second life as a fire retardant.
Apple hails results but outlook knocks stock price
Apple shares slid about 10 percent Wednesday after the tech giant posted record profits and sales of its iPhones and iPads but offered a disappointing forecast for the coming months.
KFC parent company sorry over China chicken scare
US fast food giant Yum! Brands has apologised to customers of its Chinese KFC restaurants after a scandal over tainted chicken that dented sales at the popular chain.
AIG refuses to join lawsuit against US government
The board of giant insurer AIG decided Wednesday not to join a private shareholder lawsuit against the US government over the $182 billion rescue of the insurer in 2008.
India set to clear IKEA retail plan: minister
India is on track to approve a bid by Swedish furniture giant IKEA to open its trademark blue-and-yellow stores in the country as it seeks big new markets for its flat-pack products.
STX France lands major luxury liner order
An ailing French shipyard landed a multi-million-dollar contract Thursday as a US cruise company announced it was ordering a massive luxury liner from STX France at Saint Nazaire.
S. Korea's KT bids for Vivendi stake in Maroc
South Korean mobile operator KT said Wednesday it has submitted a preliminary bid for French group Vivendi's stake in Moroccan carrier Maroc in a deal estimated to be worth more than $7 billion.
US-Japan joint venture picked for Mozambique gas project
A joint venture consisting of US company CB&I and Japan's Chiyoda Corporation has been picked to participate in a liquefied natural gas project in Mozambique.