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Saturday, October 10, 2015, 5:54 a.m.
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World Business
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Brewer talks down takeover bid

posted: 10/10/2015 2:47 a.m. Discuss

LONDON -- SABMiller officials met with investors Friday to highlight its strength as an independent company, as the world's second-biggest brewer seeks to head off a takeover by larger rival Anheuser-Busch InBev.

Market report: Stocks ride airlines to year's best week

posted: 10/10/2015 2:40 a.m. Discuss

NEW YORK -- The stock market closed out its best week this year with a modest gain on Friday, helped by airlines and industrial companies.

International Paper to exit China venture

posted: 10/10/2015 2:36 a.m. Discuss

International Paper Co., the world's largest paper producer, is taking a step back from manufacturing in Asia as it exits a Chinese joint venture and evaluates the sale of 18 other factories in the region.

Business news in brief

posted: 10/10/2015 2:34 a.m. Discuss

Troubled Gap division pulls down stock

Broke trust, VW's U.S. chief tells Congress

posted: 10/09/2015 2:33 a.m. Discuss

WASHINGTON -- Volkswagen's top U.S. executive apologized Thursday for the automaker's rigged vehicles and members of Congress said the company had violated the public's trust.

Union, Fiat Chrysler reach deal, avert strike

posted: 10/08/2015 2:06 a.m. Discuss

Fiat Chrysler Automobiles NV and the United Auto Workers averted a strike that would have sent the union's 40,000 members walking off the job.

Business news in brief

posted: 10/08/2015 2:03 a.m. Discuss

SABMiller snubs fellow giant's bigger bid LONDON -- Anheuser-Busch InBev increased the pressure on SABMiller on Wednesday to agree to a takeover, saying it was now willing to pay about $104 billion for its rival.

VW ratchets up damage outlook

posted: 10/07/2015 2:12 a.m. Discuss

Volkswagen's new chief executive warned Tuesday that the financial impact from the company's emissions cheating diesel engines would be more damaging than previously acknowledged, saying the company would delay or cancel planned new investments and might have to cut jobs.

EU court strikes data-sharing pact

posted: 10/07/2015 2:07 a.m. Discuss

Europe's highest court on Tuesday struck down an international agreement that had made it easy for companies to move people's digital data between the European Union and the United States.

Union threatens walkout over Fiat pact

posted: 10/07/2015 2:02 a.m. Discuss

The United Auto Workers union is threatening to go on strike against Fiat Chrysler after its membership rejected a tentative contract deal with the company.

Europe's top court rules data sharing pact with U.S. invalid

posted: 10/06/2015 11:05 a.m. Discuss

LUXEMBOURG — Europe's top court ruled Tuesday that data stored on U.S. servers isn't safe because of government spying, a giant blow to companies such as Facebook that might need to change the way they handle private data from Europe.

VW's inquiry focused on development arm

posted: 10/06/2015 2:39 a.m. Discuss

BERLIN -- As Congress prepares to question Volkswagen officials in Washington over its manipulation of American emissions tests, German media are reporting the company itself is focusing on three suspended development managers.

Business news in brief

posted: 10/06/2015 2:34 a.m. Discuss

Gas export hub planned for Louisiana

United States, 11 Pacific Rim countries reach trade deal

posted: 10/05/2015 11:11 a.m. Discuss

WASHINGTON — The United States and 11 other Pacific Rim countries have agreed to a trade pact that cuts trade barriers, sets labor and environmental standards and protects multinational corporations' intellectual property.

India next frontier for tech companies

updated: 10/05/2015 2:25 a.m. Discuss

BANGALORE, India -- U.S. technology companies desperately want to win over people like Rakesh Padachuri and his family.




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