Business

Japan Shares Rebound After U.S. Megadeals, Dollar Steady

Japanese shares led a tentative recovery in Asian markets on Tuesday, drawing some support from two U.S. blockbuster acquisitions and anticipation of more European monetary stimulus. A day after shock data showing Japan slipping into recession had rattled financial markets,...

Takata, Honda Sued Over Death Linked To Faulty Air Bag

Takata Corp and Honda Motor Co were hit Monday with a lawsuit over an air bag linked to the death last month of a woman in Florida, the latest legal issue for the companies as they continue to recall...

Halliburton To Buy Baker Hughes For About $35 Billion

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Halliburton Co (HAL.N) will buy Baker Hughes Inc (BHI.N) for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger NV (SLB.N) as falling oil prices threaten to erode demand. The merger...

Dismal Quarter Pushes Japan Into Recession

The Japanese economy slipped into recession in the third quarter, a surprisingly poor performance that could delay a planned sales tax hike. Gross domestic product shrank by an annualized 1.6% in the three months ended September, Japan's Cabinet Office said...

Nigeria Cuts Oil Benchmark To $73 Per Barrel Over Falling Crude Price

SAN FRANCISCO, November 16, (THEWILL) – The Minister of Finance, Dr Ngozi Okonjo-Iweala, says the Federal Government has proposed a review of the oil benchmark from 77.5 dollars to 73 dollars for the 2015 budget. Okonjo-Iweala said this on Sunday...

IEA Sees New Era, No Quick Rebound In Oil Prices

The oil market has entered a new era with lower Chinese economic growth and booming U.S. shale output, making a return soon to high prices unlikely, the West's energy watchdog said on Friday. The International Energy Agency, which typically refrains...

AstraZeneca Not Only Game In Town For Deal-Hungry Pfizer

Pfizer (PFE.N) appears unlikely to make a fresh bid for AstraZeneca (AZN.L) in 12 days time, when an enforced cooling-off period ends, and the U.S. drugmaker is now weighing other less risky targets. People with direct knowledge of the situation...

U.S. Regulator Says Swaps Rules Need Tweaks To Preserve Global Market

New rules aimed at making derivatives markets safer and more transparent need tweaking to stop the $690 trillion global market splitting up, a top American regulator said on Friday. Several shallower pools of trading are emerging in what had been...

Insight: Google Glass Future Clouded As Some Early Believers Lose Faith

After two years of popping up at high-profile events sporting Google Glass, the gadget that transforms eyeglasses into spy-movie worthy technology, Google co-founder Sergey Brin sauntered bare-faced into a Silicon Valley red-carpet event on Sunday. He'd left his pair in...

Wal-Mart Third-Quarter Sales Rise 2.9 Percent

Wal-Mart Stores Inc (WMT.N) reported a 2.9 percent increase in third-quarter revenue, helped by strong sales at its small format 'Neighborhood Market' stores. Net profit attributable to Wal-Mart fell 0.4 percent to $3.71 billion, or $1.15 per share, for its...