Business

Coca-Cola Co (KO.N) has agreed to buy the beverage business of China Culiangwang Beverages Holdings Ltd (0904.HK) for $400.5 million including debt, to get a foothold in the fast growing multi-grain drinks category. The deal marks Coke's first takeover in...

Martin Winterkorn will stay on as chief executive of Volkswagen (VOWG_p.DE) in an unprecedented defeat for Ferdinand Piech, the German carmaker's powerful chairman and patriarch of its founding family. Piech, who turned 78 on Friday, provoked a showdown with his...

The jumbo jet, for many years the workhorse of modern air travel, could be close to running out of runway. Last year, there were zero orders placed by commercial airlines for new Boeing 747s or Airbus A380s, reflecting a fundamental...

Euro zone government borrowing costs slid to new lows on Thursday, a day after the European Central Bank pledged to fulfill its 1 trillion-euro bond-buying program and as Greece's financial predicament deteriorated sharply. Global stocks touched a record high thanks...

Citigroup Inc, (C.N) the third biggest U.S. bank by assets, reported a 16 percent jump in quarterly profit as legal and restructuring costs plunged. Citi has been cutting costs and simplifying its structure by selling retail operations in a number...

The European Union accused Google Inc on Wednesday of cheating consumers and competitors by distorting Web search results to favor its own shopping service, after a five-year investigation that could change the rules for business online. It also launched another...

Bank of America Corp, the No. 2 U.S. bank by assets, reported a better-than-expected first-quarter profit, reversing from a year-earlier loss, as legal costs fell steeply and the bank earned more from mortgage lending. BofA reported a surprise loss in...

Nokia is to buy Alcatel-Lucent in an all-share deal that values its smaller French rival at 15.6 billion euros ($16.6 billion), building up its telecom equipment business to compete with market leader Ericsson. Nokia's takeover of Alcatel-Lucent will redefine a...

Brent oil rose to $59 a barrel on Wednesday amid Middle East tension and signs of a dip in U.S. production, but gains were capped after the International Energy Agency (IEA) said supplies might take longer to tighten than...

BEVERLY HILLS, April 14, (THEWILL) – The President-Elect, Gen. Muhammadu Buhari, has been asked to do all within his power to address the alleged fraud at the Nigerian National Petroleum Corporation (NNPC) as part of his resolve to strengthen...