Payout From BP Oil Spill Settlement Tops $5 Billion
BP originally said it expected to pay $7.8 billion to resolve claims under the settlement.
Party City Holdco Inc (PRTY) IPO 2015: Retailer Kicks Off Trading On NYSE, IPO Could Value Company At $2B
The largest U.S. party supplies wholesaler and retailer could be valued at nearly $2 billion.
OPEC Diplomacy Heats Up From Moscow To Caracas; Action Unlikely
Quiet diplomacy among the world's biggest oil producers has heated up this week, yet observers see few signs that renewed discussion among Russia, Saudi Arabia, Venezuela and others will lead to action on output.
Low-Wage Worker Protests Elicit Sympathy On New York City Streets
In New York and across the country, thousands of low-wage earners took to the streets, calling for “$15 and a union.”
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Beech-Nut Baby Food Recall 2015: Affected Product Numbers And How To Get A Refund Or Free Exchange
Jars of Beech-Nut sweet potato and chicken are being removed from shelves. Find out here if you bought the recalled product.
Europe Car Sales 2015: Ford Motor Company (F) Sales Jump In First Quarter On Demand For New Focus, Fiesta
Consumer responses to new and refreshed models bode well for the U.S. automaker in a region with a still-sluggish economy.
Coal Companies That Lobbied To Repeal West Virginia Mining Regulations Accused Of Federal Safety Violations
West Virginia mines owned by Murray Energy, Arch Coal and Alpha Natural Resources received a combined 25 federal safety citations in February.
Bank Of America Reports Quarterly Profit
Last year, it had reported a surprise loss when it took a charge of $6 billion for litigation expenses.
EU Accuses Google Shopping Of Antitrust Violations, Opens Investigation Into Android
The European Union on Wednesday formally accused Google of abusing its dominant position by distorting Internet search results and favoring its products and services.
British Oil Firm Rows Back On Sizing Up English Countryside Find
Industry analysts had last week received UKOG's news with a note of caution.
Alibaba Injects Pharmacy Business Into HK-Listed Affiliate In $2.5B Deal
Shares in the affiliate, Alibaba Health Information Technology Limited, nearly doubled early on Wednesday after the announcement.
Nokia To Buy French Rival Alcatel-Lucent For $16.6B
The $16.6 billion deal puts Nokia in a position to compete with Ericsson, which has a 30 percent share in wireless networks globally.
Aircraft Using NextGen Systems Vulnerable To Hacking, US Agency GAO Warns
A U.S. agency has warned in a new report that a plane's systems could be breached with a laptop or smartphone.
China’s Economy Grows At 7% In First Quarter, Lowest Rate In Six Years
Slowing exports and real estate investment point to challenges as leaders acknowledge "downward pressure."
Netflix Inc (NFLX) Earnings Preview: ‘Unbreakable’ Q1 2015 Subscriber Growth But Lower Profits
Netflix is expected to add 1.8 million domestic subscribers for the three-month period ended March 31.
Mexico Rising: Ford, Toyota Announcing New Investments South Of US Border
Ford will soon announce $2.5 billion to expand Mexican operations while Toyota eyes a new $1 billion Corolla factory.
Avon Products Inc (AVP) Stock Price Soars 18% On Report It's Exploring A Sale Of Struggling North American Business
The beauty company is exploring a strategic alternative, according to the Wall Street Journal.
Tesla Motors Inc (TSLA) Likely To Miss 2015 Delivery Target Of 55,000 Model S, Model X Cars, Says Morgan Stanley
Tesla Motors needs to deliver nearly 5,000 vehicles a month in the last three quarters to hit 55,000 deliveries in 2015.
Dow Jones Industrial Average Drops Despite JPMorgan Chase Rallying 2%
Investors weighed a series of mixed earnings from JPMorgan and Wells Fargo, the first two major banks to report quarterly results this earnings season.
China Private Jet Sales Fall As Government Makes Anti-Corruption Push
President Xi Jinping’s anti-corruption drive is impacting China’s market for private jets, which are hampered by flight restrictions.
Japanese Nuclear Reactor Restarts Blocked By Court Order
The ruling is a setback to Prime Minister Shinzo Abe, who has made the resumption of Japan's nuclear energy program a priority.
Nokia Says It Is In Talks To Buy Alcatel-Lucent
The statement came in reaction to media reports that the two had revived tie-up talks.
China’s Tencent Falls Most In A Year After Soaring Hong Kong Stock Market Helps It Hit $200B Valuation
Recent surge in the Hong Kong stock market helped Tencent become more valuable than Oracle, Amazon and IBM.
Indian Defense Minister's Comments Raise Doubts Over Fate Of $20B Rafale Fighter Jet Deal
Days after Prime Minister Narendra Modi announced the purchase of 36 Rafale jets from France, doubts linger over the fate of a previous deal.
Medical Marijuana: Early Test Results Of Epidiolex Show Promise For Epilepsy Patients
A marijuana-derived drug may help epileptic patients, but ongoing tests show it has some side effects.
Harvard Students Blockade Campus President's Office As Fossil Fuel Divestment Movement Spreads to Universities, Institutions
The action is modeled after efforts in the 1970s and 1980s to protest apartheid in South Africa.
PepsiCo Intercepts NBA Sponsorship, Ending A 28-Year Run By Coca-Cola
PepsiCo, the maker of Mountain Dew soda and Doritos chips, won a five-year sponsorship deal for NBA events as Coca-Cola bows out.
Sears Holdings Corp (SHLD) Shares Rally After Struggling Retailer Announces Deal To Cash In On Its Real Estate
The Illinois-based retailer has lucrative properties, and it needs cash to calm jittery suppliers.
Megabus Crash In Indiana: Highway Collision With Semi-Truck Leaves 19 Injured
The bus reportedly couldn't brake quickly enough and hit a stationary truck.
Obama Administration To Propose Offshore Drilling Rules Designed To Prevent Future BP Oil Spill Disasters
The Obama administration is expected to propose major regulations on offshore oil and gas drilling as the BP spill's five-year anniversary approaches.
Shanghai Limits Use Of Taxi Apps During Rush Hour As Police Crack Down On Private Drivers
Legal taxi-booking apps are all the rage with Shanghai's young people, but less tech-savvy users are complaining they now have to wait much longer to hail a cab. The city government is stepping in.
China’s March Exports Slump Fuels Fears Of Lowest Q1 Growth In 6 Years
Officials say seasonally adjusted figures are not so bad, but the outlook is "still grim."
US Airlines Performed Worse In 2014, Ending Four Years Of Improvement: Report
According to the Airline Quality Rating report, companies struggled to readjust after years of mergers and acquisitions.
Travelodge, British Hotel Chain, To Be Sold For $1.4B: Report
Sale of the company is likely to take place in the next nine to 12 months.
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