Business

Google Gains Entry To Home And Prized Team With $3.2 Billion Nest Deal

Google Inc took its biggest step to go deeper into consumers' homes, announcing a $3.2 billion deal to buy smart thermostat and smoke alarm-maker Nest Labs Inc, scooping up a promising line of products and a prized design team...

2014: Dangote Cement To Complete Plants Across Africa

BEVERLY HILLS, CA, January 13, (THEWILL) –  In furtherance of Dangote Group’s pan-African expansion drive, not less than five cement plants belonging to Dangote Cement and spread across five countries in Africa will be completed this year, the Company...

Europe Banks Cheer Easing In Leverage Rules, Shares Rally

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Deutsche Bank (DBKGn.DE) and Barclays (BARC.L) led European bank stocks on Monday to their highest for nearly three years after regulators watered down new rules aimed at strengthening banks but which could have limited their ability to lend. Sunday's decision...

Japan’s Suntory To Buy U.S. Drinks Group Beam In $16 Billion Deal

Suntory Holdings Ltd SUNTH.UL said on Monday it plans to buy Beam Inc (BEAM.N), paying $13.6 billion in cash for the shares to make the Japanese company the world's third-largest maker of distilled drinks. Including the assumption of Beam's debt,...

BMW Keeps Luxury Sales Crown As Audi, Mercedes Catch Up

BMW (BMWG.DE) posted the smallest gain in December sales of Germany's top three premium-car brands as the battle with Audi and Mercedes-Benz DAIGM.UL for the luxury-sales crown is heating up. Deliveries at the luxury-sales champion rose 2.3 percent last month...

New Acer CEO Disappoints With Lack Of Detail On Future Plans

Investors looking for specifics as to the future of Acer Inc, the world's No.4 PC vendor, came away disappointed when the new CEO spent more time delivering a history of the company's past mistakes than on where it was...

Exclusive: U.S. Investigating Honeywell Over Export, Import Controls

The U.S. Justice Department is investigating export and import procedures at Honeywell International Inc after the firm included Chinese parts in equipment it built for the F-35 fighter jet, three sources familiar with the matter said. Reuters last week reported...

Analysis: Detroit Automakers Face Test Of Leadership In 2014

General Motors Co (GM.N) named a new chief executive, Ford Motor Co (F.N) kept its old leader and Chrysler Group LLC's CEO averted a divisive public offering. And that was just in the last 30 days. This year is shaping...

Sexy Performance Meets ‘Green’ Ethic At Detroit Auto Show

To look over the roster of racy new and future vehicles at the 2014 North American International Auto Show here, the initial impression is that U.S., European and Asian automakers want to turn back the clock to a time...

New CEO Barra A GM ‘Lifer’ Bent On Tearing Down Walls

Mary Barra, the next CEO of General Motors Co (GM.N), sent a powerful message to colleagues last year when she challenged about 250 designers and engineers at GM's Vehicle Engineering Center - to a paper sailboat race. "She wanted them...