Business

Mexican telecoms group America Movil said it has put in place financing to buy the rest of Dutch group KPN even though its offer may be too late to influence the sale of KPN's German unit in October. The Mexican...

Staples Inc (SPLS.O) reported weaker-than-expected quarterly results on Wednesday on dismal sales in international markets such as Europe and Australia, prompting the largest U.S. office supply retailer to cut its outlook for the year. Shares of Staples tumbled 12.4 percent...

Stocks inched up on Tuesday after the market's longest losing streak this year, with major retailers leading gains on positive profits and outlooks. In the absence of major economic news recently, equity trading has been linked to U.S. Treasuries, whose...

A federal judge has approved a settlement in which Citigroup Inc agreed to pay bondholders $730 million to resolve claims that the bank concealed its exposure to billions of dollars of toxic mortgage assets prior to the financial crisis. U.S....

Glencore Xstrata (GLEN.L) took a $7.7 billion hit on mining assets acquired in its takeover of Xstrata, drastically reducing the value of projects in the early stages of development. The diversified trader and miner announced the writedown as it posted...

J.C. Penney Co Inc's (JCP.N) sales continued to fall sharply last quarter as shoppers balked at the fancier items in its relaunched home-goods section, but there were signs the retailer was winning back customers this back-to-school season. The company on...

Barnes & Noble Inc's founder on Tuesday pulled the plug on his plan to buy the company's bookstores and the chain posted a deeper quarterly loss, sending its shares down as much as 16 percent in early trading. The quarterly...

SAN FRANCISCO, August 19, (THEWILL) – The government of Federal Democratic Republic of Ethiopia has lauded President/Chief Executive of Dangote Group, Aliko Dangote for siting a cement plant in that country, promising to provide an enabling atmosphere for the...

Rising expectations the Federal Reserve will soon scale back its stimulus drove German and U.S. bond yields to multi-month highs on Monday and dealt a blow to emerging markets, with India's rupee cartwheeling to historic lows. Wednesday's minutes from the...

Boeing's bid in the 8.3 trillion won ($7.4 billion) tender to supply South Korea with 60 fighter aircraft was the only one below the price ceiling set by the country's arms procurement agency, sources close to the process said...