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Archive: (9 Stories)

Shell sells stake in Australian gas project

01/20/2014 2:27am
Royal Dutch Shell PLC says it has agreed to sell its stakes in an Australian liquefied natural gas project to the Kuwaiti Foreign Petroleum Exploration Company for $1.135 billion (840 million euros).

Malaysia eases auto curbs to woo foreign makers

01/20/2014 4:11am
Malaysia unveiled a new auto policy Monday, offering incentives and easing curbs on the production of small, energy-efficient cars to vie for investment with neighboring rivals Thailand and Indonesia.

Deutsche Bank shares drop on unexpected loss

01/20/2014 5:00am
Shares of Deutsche Bank AG fell sharply on Monday after Germany's biggest lender announced an unexpected fourth-quarter loss largely due to weak investment banking results and the cost of strengthening its finances.

ABInBev repurchases Oriental Breweries

01/20/2014 8:08am
Belgium's AB InBev, the maker of Budweiser, says it has agreed to repurchase South Korea's Oriental Breweries from private equity firms for $5.8 billion.

Kraft Velveeta Cheesy Skillets recalled over soy

01/20/2014 9:42am
A food maker is recalling some Kraft Velveeta pasta and ground beef products because some labels left off soy, an allergen, as an ingredient.

Iran, US, Europe start implementing nuclear deal

01/20/2014 11:43am
Iran unplugged banks of centrifuges involved in its most sensitive uranium enrichment work on Monday, prompting the United States and European Union to partially lift economic sanctions as a landmark deal aimed at easing concerns over Iran's nuclear program went into effect.

Peugeot Citroen close to Chinese investment deal

01/20/2014 12:08pm
Out with General Motors Co., in with China's No. 2 automaker: PSA Peugeot Citroen is moving closer to a partnership with Dongfeng Motor.

GE arm, Boeing confirm order for 40 planes

01/20/2014 2:03pm
A General Electric plane leasing unit has ordered 40 aircraft from airplane maker Boeing, a deal valued at $3.9 billion at list prices.

Wedding insurance expands as nuptials get pricier

01/20/2014 3:09pm
Worried about the groom getting cold feet? There's an insurance policy for that.