Business

Representatives of Comcast Corp (CMCSA.O) and Time Warner Cable Inc (TWC.N) are preparing to meet U.S. Department of Justice officials to discuss competition concerns raised by the planned $45 billion merger of the two cable giants, the Wall Street...

Toyota Motor Corp (7203.T), the world's largest automaker by sales volume, plans to launch two hybrid cars in China this year as part of efforts to launch vehicles that will help to reduce pollution in the country. The gasoline-electric hybrid...

Iraqi forces retook most of the country's largest refinery from Islamic State on Saturday, security officials said, reversing gains by the militants who seized parts of the sprawling complex this week. The insurgents attacked Iraq's Baiji refinery a week ago...

First Bank of Nigeria Ltd., the country’s biggest lender by assets, will be among banks that need to raise capital or restructure their balance sheets in the next 18 months to combat low oil prices, according to Standard &...

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...