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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.
20 February 2013
US airline merger latest in global consolidation
Thursday's merger between American Airlines and US Airways marks the latest in a series of recent deals that has consolidated the airline industry.
15 February 2013
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.
15 February 2013
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.
14 February 2013
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.
13 February 2013
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.
12 February 2013
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.
12 February 2013
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.
06 February 2013
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.
05 February 2013
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.
02 February 2013
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.
01 February 2013
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.
31 January 2013
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.
30 January 2013
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.
27 January 2013
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.
27 January 2013
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.
26 January 2013
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.
25 January 2013
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.
12 January 2013
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.
11 January 2013
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.
28 December 2012