Business
American Airlines and US Airways merger creates the world’s biggest airline
American Airlines and US Airways are to announce their official merge to become the world's biggest airline after the boards of both companies approved...
EU and US begin formal talks on free-trade agreement
The European Union and the US will begin formal talks on a free-trade agreement, paving the way for the biggest trade deal in history. European...
Global mobile phone sales fell by 1.7% in 2012
Global sales of mobile phones went into reverse in 2012 compared with the previous year, according to a report from research company Gartner. The report...
Comcast to acquire full ownership of NBCUniversal for $16.7 billion
US cable provider Comcast is to acquire the full ownership of TV and film company NBCUniversal for $16.7 billion. Comcast will buy the 49% stake...
State of the Union 2013: Barack Obama urges Congress to back government to reignite US economy
President Barack Obama has urged US Congress to back government action to revive the country’s sluggish economy, in his annual State of the Union...
Peugeot reports 5 billion euros net loss for 2012
French carmaker PSA Peugeot Citroen has reported a net loss of 5 billion euros ($6.7 billion) for 2012. The loss was mainly due to asset...
Giuseppe Orsi, Italy’s Finmeccanica CEO, arrested over corruption charges
Giuseppe Orsi, chief executive of the Italian aerospace and defence firm, Finmeccanica, has been arrested on corruption charges. Giuseppe Orsi has been under investigation for...
Asian markets mixed reaction to North Korea nuclear test
Asian markets have had a mixed reaction to the nuclear test carried out by North Korea, its third since 2006. South Korea's Kospi index dipped...
State of the Union 2013: Barack Obama expected to talk about gun control and more tax hikes
President Barack Obama is set to make gun control - as well as taxes and spending - a key part of his 2013 State...
KickStart: Mountain Dew for breakfast with caffeine and vitamins
PepsiCo Inc. has launched new drink KickStart that has Mountain Dew flavor but is made with 5% juice and Vitamins B and C, along...
Venezuela devalues bolivar by 32% against US dollar
Venezuela has cut the value of its currency against the US dollar by 32%, in an effort to boost the country’s economy. The widely expected...
Hillary Clinton is more popular than Barack Obama, shows Quinnipiac poll
Former US Secretary of State Hillary Clinton appears to be one of the most popular figures in Washington, even more popular then President Barack...
European Council agrees on 2014-2020 EU budget
EU leaders have reached agreement on the 7-year budget for 2014-2020 after marathon talks in Brussels. The deal was announced by European Council President Herman...
Peugeot in 4 billion-euro asset writedown
Car maker PSA Peugeot Citroen is writing down the value of its assets by 4.1 billion euros ($5.5 billion) to reflect the worsening state...
David Einhorn sues Apple over preferred stocks proposal
David Einhorn, an activist shareholder, is suing Apple, demanding that it share out more of its $137 billion cash pile to its investors. Apple's cash...
UK demands further cuts at EU budget summit
British PM David Cameron says he will not accept an European Union budget deal unless further cuts are made in negotiations in Brussels. EU leaders...
John Brennan faces Senate hearing for CIA nomination
CIA chief nominee John Brennan will face a grilling soon at a Senate confirmation hearing. The session comes as lawmakers were to receive secret papers...
EU to begin 7-year budget summit in Brussels
European Union leaders are due to begin a two-day summit in Brussels to try to strike a deal on its next seven years budget. High...
RBS to be fined $625 million over LIBOR scandal
Royal Bank of Scotland (RBS) is expected to be fined a total of about £400 million ($625 million) by UK and US regulators as...
New Jersey credit card fraud ring stole $200 million
Eighteen people have been charged with stealing at least $200 million in a credit card fraud ring, possibly one of the largest in US...
Michael Dell buys back Dell computers for $24 billion
Michael Dell has said that he will buy back the world's number three PC manufacturer that he founded and that carries his name for...
US to sue Standard & Poor’s over subprime ratings
Standard & Poor's has announced it is to be sued by the US government over the credit ratings agency's assessment of mortgage bonds before...
Commerzbank to announce large loss for Q4 2012
Commerzbank, Germany's second biggest lender, is to announce a large loss for the fourth quarter of 2012. Commerzbank expects a net loss of 720 million...
Visa sued by Australia’s competition watchdog for misuse of market power
Visa Credit Card Company has been sued by Australia's competition watchdog for alleged "misuse of market power". The organization has accused Visa of preventing customers...
SodaStream ad banned from Super Bowl gains millions of views on YouTube
SodaStream ad that was banned from Sunday night’s Super Bowl game can now be viewed by anyone on YouTube and the company behind it...
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