Business

General Electric Co said it would sell its appliance business to China's Haier Group for $5.4 billion in cash, another step in its push to sell its non-core assets and project itself as a technology company. The deal comes weeks...

JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a better-than-expected quarterly profit for the final quarter of the year as a tight lid on expenses and a smaller legal bill made up for sluggish revenue growth. Shares...

French carmaker Renault said fraud investigators had inspected three of its in an emissions probe, news that wiped billions off its market value in an echo of the scandal engulfing German rival Volkswagen. Renault said investigations to date had found...

Drugmaker Pfizer Inc (PFE.N) is thinking about selling hospital products maker Hospira's infusion pump business for about $2 billion, Bloomberg reported, citing people familiar with the matter. Talks are said to be at an early stage, Bloomberg reported on Wednesday....

The ambitious but little-watched Al Jazeera America news channel will shut down on April 30 after a little more than two years on television. The news was announced at a sudden staff-wide meeting on Wednesday afternoon. As many as 700...

SAN FRANCISCO, January 13, (THEWILL) – The naira on Wednesday depreciated in value against other currencies across segments of foreign exchange (FX) market after the Central Bank of Nigeria (CBN) stopped FX supply to Bureau De Change (BDC) operators. Consequently,...

Star dealmaker and former Citigroup Inc executive Michael Klein, the lead adviser to Dow Chemical Co on its $130 billion merger with DuPont, has quietly tripled the size of his advisory firm in the last 18 months. His New York-based...

China's central bank held the line on its yuan for a fourth straight session on Wednesday while putting the squeeze on offshore sellers of the currency, calming fears of a sustained depreciation - at least for now. Having been alarmed...

Uber Technologies Inc said on Wednesday it has received almost $2 billion in funding from Chinese investors, some as part of a recent fundraising round that valued the U.S. firm's Chinese unit at $7 billion. Uber's main global entity received...

SAN FRANCISCO, January 12, (THEWILL) – Citibank has cancelled a 250 million rand ($15m) loan facility to state-owned South African Airways (SAA). “We are aware that Citi has cancelled a 250 million rand facility to SAA and are working closely...