East African Breweries Ltd said on Monday that the sale of its 20 percent stake in brewing giant SABMiller's Tanzanian unit, expected to raise 121.5 billion shillings was delayed indefinitely.
Dubai-based City Energy & Infrastructure LLC plans to build a copper smelter and sugar plant in Tanzania over the next three years at a total investment of $500 million, a senior company official said on Monday.
The board of TNK-BP Holding , half owned by BP, on Monday voted against an initiative to join a minority shareholder in a lawsuit against the British oil major, a spokesman for BP in Moscow told Reuters.
James Murdoch will appear before the British parliament once again on Nov. 10 to discuss the News of the World phone-hacking scandal, the Media, Culture and Sport Committee announced Monday.
FedEx Corp. expects a 12 percent jump in holiday shipments this year and will add about 20,000 workers to handle the record volume driven by online shopping.
President Barack Obama will tout newly unveiled measures on Monday aimed at aiding struggling homeowners and easing the U.S. housing crisis on the first leg of a campaign-style swing through western states crucial to his re-election in 2012.
The recent bankruptcy of solar energy company Solyndra raises questions regarding its relationship with the U.S. Department of Energy, which allegedly modified a loan agreement to prevent the tettering company from going under. The incident casts a shadow over the solar energy industry, already a controversial field.
Health insurer Cigna will buy HealthSpring for about $3.8 billion to jump-start its business selling Medicare plans for the elderly.
The boneless pork sandwich is back for three weeks.
David Prend is one of the most respected investors in green technology - but even he picks some losers.
E-commerce will drive record holiday shipments this year for FedEx Corp., the world's No. 2 package delivery company said on Monday.
The National Retail Federation (NRF) has spelt ghoulish Halloween spending this year in its’ 2011 Halloween Consumer Intentions and Actions Survey. Overall, 2011 will see Americans spend about $6.86 billion on Halloween, according to the survey. The latest survey therefore could spell kudos for the food Industry and the retail sector in their ingenuity in marketing “Halloween” since its official inception in the 1920s. 40 years on, retail shelves scramble for volumes to spook us even before th...
Tata Group has not renewed a five-year agreement with Australia's largest retailer Woolworths for retailing consumer electronics in India, the Economic Times reported on Monday, quoting unnamed persons close to the development.
The cabinet will shortly consider a proposal to allow foreign airlines to pick up stakes in cash-strapped domestic carriers, local media reported on Monday, citing unnamed government officials.
Fortress Investment Group LLC has hired David Dredge as co-chief investment officer at its convexity strategies group, two sources familiar with the matter said.
News Corp's (NWSA.O) third-largest investor has urged Rupert Murdoch to sell all his newspapers and double the size of a share buy-back plan, the Sunday Telegraph reported.
Diversified, industrial giant General Electric (GE) continues to show impressive order growth in emerging markets -- and that bodes well for the global economy in 2012 and for GE's stock.
UBS may cut its return on equity target by 5 percentage points to a range between 10 and 15 percent at an investor day next month when the Swiss bank is expected to announce the shrinking of its investment bank.
The Tokyo Electric Power Co. is likely to sell a 20 percent stake in wind power developer Eurus Energy Holdings to trading firm Toyota Tsusho to help raise funds to compensate victims of Japan's nuclear crisis, a newspaper reported Sunday.
Google Inc has spoken to at least two private equity firms about possibly helping them finance a deal to buy Yahoo Inc's core business, The Wall Street Journal reported on Saturday, citing a person familiar with the matter.
Williston, N.D., is booming. And it's all because of the oil. People are moving there in en masse. It is probably the one place in the nation where there are not enough empty homes to meet the new residents' demands. North Dakota has the lowest unemployment rate of the 50 states at 3.5 percent, and it can tout the fact that workers' salaries have doubled and tripled recently.
So the Groupon IPO is apparently going to finally happen -- and likely within the next couple of weeks. The once-high-flying daily deal Web social company is getting there with a bit of a limp.
Here are five of the many revelations made by the media.
European aircraft manufacturer Airbus recently delivered the first of five A380s ordered by China Southern Airlines. The airline became the first in China and the seventh in the world to take delivery of the model.
Regulators closed four banks in the United States on Friday, including one in Colorado with over $1 billion in assets, bringing the total number of closures this year to 84.
McDonald’s, the world’s largest fast-food restaurant and a bellwether of the consumer economy in the United States, has been increasing prices on many of its offerings for months. If you haven't noticed, you're hardly alone.
Wal-Mart Stores Inc will no longer offer health insurance to new part-time U.S. employees who work fewer than 24 hours a week and will charge workers who use tobacco more for coverage as healthcare costs rise, the company said on Friday.
China on Friday issued a harsh rebuke of an anti-dumping complaint filed by U.S. solar firms, warning the United States not to take protectionist measures that could harm the global economy.
Chemical maker LyondellBasell's plan to buy back nearly $2.8 billion in debt and pay a special dividend nearly the same size is a bullish bet that demand for commodity chemicals will recover from a recent soft patch and rally the rest of the decade.
Railroad company Kansas City Southern said quarterly profit doubled, beating forecasts, with carloadings and revenue at record highs, and said the U.S. and Mexican economies would grow moderately through 2012.
