Business

Roche Holding AG has agreed to buy U.S. biotech company InterMune Inc for $8.3 billion in cash, helping the world's leading maker of cancer drugs expand into the treatment of rare or incurable diseases. Roche's efforts to produce successful non-cancer...

British companies are braced for a “significant impact” on revenues after being forced to retreat from operations in west Africa in the face of the worst ebola outbreak in history. Almost a dozen UK companies with operations in Sierra Leone,...

Montebourg's interview with Le Monde daily came days after President Francois Hollande said he would accelerate reforms but not back away from his supply-side economic policy, based on bigger tax cuts for business. The outspoken minister, a fierce critic of...

Russian authorities are not planning to close the McDonald's chain in the country, Deputy Prime Minister Arkady Dvorkovich was quoted saying on Saturday, after inspectors visited a number of restaurants run by the fast-food company. "No one is talking about...

US clothing store Gap is bringing its brand to India with the aim of opening 40 outlets, and it will launch the first two stores early next year. Gap's first two outlets will be in Mumbai and the capital Delhi...

Germany's economy ministry will approve the sale of utility RWE's (RWEG.DE) oil and gas unit DEA to a Russian investor despite tensions between Russia and the West over the Ukraine crisis, two people familiar with the matter said. The economy...

Bank of America Corp (BAC.N) reached a record $16.65 billion settlement with the U.S. government to settle charges that it and companies it bought misled investors into buying troubled mortgage-backed securities, helping the bank close a major chapter tied...

U.S. stocks dipped slightly at the open on Wednesday following weak earnings forecasts from retailers Lowe's and Target, ahead of the release of minutes from the most recent meeting of the Federal Reserve. The Dow Jones industrial average .DJI fell...

Argentina's plan for making payments on its sovereign bonds via a local bank aims to protect the vast majority of creditors who participated in two debt restructurings, Cabinet chief Jorge Capitanich said on Wednesday. The government is sending a bill...

A $300 million fine on Standard Chartered (STAN.L) for lapses in anti-money laundering controls has piled pressure on the bank's board, coming after a series of transgressions and a drop in earnings that had already prompted calls for change...