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Business News Stories

Inmarsat Homes In On Smaller Rival Avanti

Two of the London‎ stock market’s satellite operators are on course to collide in a potential £4bn takeover deal. Sky News has learnt that Inmarsat (Other OTC: IMASY – news) has approached Avanti Communications (LSE: AVN.L – news) about a … Continue reading

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Fed's Williams downplays GDP weakness, sees rate hikes

John C. Williams, President and CEO of the Federal Reserve Bank of San Francisco, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. Reuters/Lucy Nicholson The Federal Reserve could raise interest rates up to … Continue reading

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SABMiller backs AB InBev offer for biggest-ever consumer merger

A glass with beer and a bottle of Corona are seen in this picture illustration November 5, 2015. Reuters/Dado Ruvic/Illustration/File Photo The board of brewer SABMiller (SAB.L) will recommend its shareholders approve a sweetened takeover offer by Anheuser Busch InBev … Continue reading

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Exclusive: California regulator says testing to begin on Volkswagen diesel fix

A U.S. flag flutters in the wind above a Volkswagen dealership in Carlsbad, California, U.S. May 2, 2016. Reuters/Mike Blake/File Photo Volkswagen AG and the California Air Resources Board will begin testing hardware and software that could help the German … Continue reading

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Brexit boost eludes Europe's investment banks, shows growing gap with Wall Street

* European FICC down 6.2 pct y/y * U.S (Other OTC: UBGXF – news) . FICC up 21 pct y/y * Further cost cuts loom By Anjuli Davies and Jamie McGeever LONDON, July 29 (Reuters) – Total (LSE: 524773.L – … Continue reading

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Alphabet and Amazon wind up stellar quarter for big tech

By Anya George Tharakan and Sweta Singh REUTERS – Google parent Alphabet Inc and e-commerce giant Amazon.com Inc capped a blockbuster June quarter for the five biggest U.S. tech companies as their dominance in key markets helped them defy the … Continue reading

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Alphabet and Amazon wind up stellar quarter for big tech

Google parent Alphabet Inc and e-commerce giant Amazon.com Inc capped a blockbuster June quarter for the five biggest U.S. tech companies as their dominance in key markets helped them defy the “law of large numbers”. Apple Inc, Microsoft Corp and … Continue reading

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Oil rout erodes second-quarter profits for U.S. majors Exxon, Chevron

Chevron Corp (CVX.N) posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp (XOM.N) reported a 59 percent slide in quarterly profit, both victims of a prolonged rout in crude prices CLc1LCOc1 and sinking income from refining, … Continue reading

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Iran's global banking problems deepen with rise of Trump, Brexit

Britain’s vote to leave the European Union and the rise of U.S. presidential nominee Donald Trump have paralyzed efforts by Western governments to encourage already highly reluctant international banks to do business with Iran. Uncertainty is frustrating Tehran’s push for … Continue reading

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Oil majors drag down S&P, Dow; tech stocks boost Nasdaq

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2016. Reuters/Brendan McDermid The S&P 500 and the Dow were lower on Friday following weak economic data and poor earnings from … Continue reading

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