AIG is selling its foreign life insurance unit to MetLife Inc for about $15.5 billion, in its second major asset sale in a week to repay the U.S. government billions of bailout money.
Pork producers attending their annual meeting here are looking for China to be the next major market to open fully to U.S. pork following word this week that certificate problems with Russia have been solved and exports could start soon to that country.
The debate about fixing the financial crisis seems to be missing a key factor -- a broad ethical discussion of what is the right and wrong thing to do in a modern economy.
In quiet day for earnings and U.S. economic data releases, the stock market continues to rally modestly.
Nissan Motor unveiled its much-awaited low-cost compact car aimed at becoming a major force in the fast-growing segment, targeting global sales of 1 million units with the roll-out of a family of compact cars by 2013.
South Korea's Hyundai Motor Co announced a sharp rise in February sales, benefiting from recall woes at rival Toyota Motor Co.
General Motors Co is recalling 1.3 million compact cars in North America to address a power steering problem that has been linked to 14 crashes and one injury, the company said on Tuesday.
Non-OPEC crude oil supply is set to surge in 2010 and 2011by 51.8 mn barrels per day and 52.3 mn barrels per day respectively and susbequently face consecutive decline from 2012, according to an analysis by Bank of America-Merrill Lynch (BofAML). The optimism comes from expected production in news fields in Brazil, FSU, Norway, West Africa and Gulf of Mexico. If Iraq and Nigeria supplies increase as announced then crude oil would find it difficult to rise above $100 over the next decade, BofAML ...
Canadian cancer drugmaker Aeterna Zentaris Inc (AEZ.TO) said on Monday that European health regulators granted its perifosine blood cancer treatment orphan drug status, marking the second such designation for the drug.
Secretary of State Hillary Clinton flies to Latin America on Sunday, working to buff a lackluster U.S. image in a region where Brazil is emerging as a regional power with global aspirations.
Citigroup Inc's board is reshuffling, with former AT&T and Xerox executives Michael Armstrong and Anne Mulcahy stepping down and former Mexican President Ernesto Zedillo in line to join.
Citigroup Inc's board is reshuffling, with former AT&T and Xerox executives Michael Armstrong and Anne Mulcahy stepping down and former Mexican President Ernesto Zedillo in line to join.
Coca-Cola Co will take over the North American operations of its top bottler, Coca-Cola Enterprises Inc, in a strategic reversal that would level the field after a similar deal by PepsiCo.
Coca-Cola Co will take control of the North American operations of its top bottler, Coca-Cola Enterprises Inc , in a strategic reversal that would close a competitive gap after a similar deal by PepsiCo.
Presidents and high-ranking representatives of 32 Latin American and Caribbean countries agreed to create a new organization without the United States and Canada on Tuesday.
The bizarre sight of a skier being overtaken by another is always a possibility in Tuesday's men's Olympic giant slalom, race director Guenther Hujara said on Monday.
As the saying goes, money isn't everything, but it certainly means more to people now than before the global financial crisis, and especially in China, Japan and South Korea.
Emission cuts pledges made by 60 countries will not be enough to keep the average global temperature rise at 2 degrees Celsius or less, modeling released on Tuesday by the United Nations says.
Heineken NV , the world's third-largest brewer, forecast lower beer consumption in many regions, limited price increases and few cost benefits this year after reporting 2009 results broadly in line with expectations.
Finnish media rounded on the country's athletes on Monday for their performance at the Vancouver Olympics where the sports-mad country lags Australia in medals and could be facing its worst-ever performance.
The death toll from last month's devastating earthquake in Haiti could jump to 300,000 people, including the bodies buried under collapsed buildings in the capital, Haitian President Rene Preval said on Sunday.
Tycoon Carlos Slim's America Movil (AMXL.MX) and Spain's Telefonica (TEF.MC) are among 17 companies that have signed up to bid for wireless spectrum being auctioned in Mexico later this year.