Business

Gloomy French Data Hits European Stocks, Iraq Keeps Oil High

European stocks fell on Monday after euro zone business activity data showed growth slowing, with France a notable laggard, in contrast with upbeat numbers from China that lifted Asian shares and the Australian dollar. Brent crude oil prices rose towards...

Honda, Others Recall Another 2.9 Million Vehicles Over Air Bag Flaw

Honda Motor Co and other Japanese automakers on Monday recalled more cars with potentially explosive air bags supplied by Takata Corp, bringing the total recall so far to around 10.5 million vehicles over the past five years. The series of...

Apple, Google, Samsung Vie To Bring Health Apps To Wearables

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For decades, medical technology firms have searched for ways to let diabetics check blood sugar easily, with scant success. Now, the world's largest mobile technology firms are getting in on the act. Apple Inc, Samsung Electronics Co and Google Inc,...

Alstom: GE And French State Agree To Work On New Offer

The bid battle for France's Alstom has shifted in favour of General Electric. France's economy minister Arnaud Montebourg said that neither the GE bid, nor a joint Siemens-Mitsubishi Heavy Industries offer, met the government's demands. But the government had chosen to...

Google’s Nest To Buy Dropcam For $555 : Report

Google Inc's Nest Labs will buy home-monitoring camera startup Dropcam for about $555 million in cash, technology blog Re/code reported on Friday, taking another step deeper into consumers' homes. Nest and Dropcam confirmed the acquisition in separate blog posts on...

Nigerian Fishermen Reject Shell’s $50 Million

Lawyers say thousands of Nigerian fishermen have rejected an offer of $50 million from Royal Dutch Shell for “some of the largest oil spills in history.” The offer comes as a British court Friday ruled the oil company can be...

Iraq Worries Keep Oil Near $115 A Barrel

Oil traded at close to nine-month highs on Friday, on course for a second week of gains, as violence in Iraq raised worries over supplies. Stock markets remained upbeat. Buoyed by the billions of dollars the U.S. Federal Reserve is...

Siemens-Mitsubishi Raises Alstom Offer

Siemens and Mitsubishi Heavy Industries added a billion euros to their offer for Alstom's energy business on Friday, hoping to see off a revamped bid by General Electric ahead of Monday's deadline for a decision on the struggling company's...

TPG, Carlyle Eye $2.4 Billion IPO For Australia’s Healthscope: Source

Buyout firms TPG Capital and Carlyle Group are targeting a $2.4 billion initial public offering of shares in Australia's Healthscope Ltd as their most-favored option for the country's second-biggest private hospitals operator, a source with direct knowledge of plans...

Judge Lets DoJ Proceed With Fraud Case Against Bank Of America

A North Carolina judge ruled on Thursday that a Justice Department lawsuit against Bank of America Corp could move forward, allowing the complainant 30 days to file its amended petition. The Department of Justice's lawsuit accuses Bank of America of...