Business

Several U.S. institutional investors said they are closely monitoring the developments at Pimco, the world's largest bond firm, in the wake of Mohamed El-Erian's abrupt resignation as CEO and ensuing acrimony between him and co-founder Bill Gross. The investors, including...

Volkswagen (VOWG_p.DE) is close to deciding on whether to produce a new sport-utility vehicle (SUV) for its mass-market brands Skoda and Seat at a plant in the Czech Republic or Spain, a Skoda union leader said on Tuesday. Czech newspaper...

Hyundai Motor Co plans to start selling its first battery-powered electric vehicle (EV) in 2016 as South Korea's champion of fuel-cell cars hedges its bets in next-generation green technology. Hyundai has leant toward engines which turn hydrogen into electricity in...

SAN FRANCISCO, March 10, (THEWILL) – As the debate rages over the quality of cement produced in the country, leading manufacturers of the commodity, Dangote Cement Plc Monday raised the bar further when it launched a much higher grade...

U.S. stocks opened slightly lower on Monday, on the heels of a record high for the S&P 500, following unexpectedly weak data from China that tempered enthusiasm over the strength of the global economy. The Dow Jones industrial average .DJI...

World stocks paused near a six-year peak and commodities from copper to crude tumbled on Monday as surprisingly weak Chinese trade data rattled investors already on edge over the crisis in Ukraine. Relief that Crimea remained largely calm over the...

EBay Inc in a preliminary proxy statement on Monday urged its shareholders to vote against the two directors whom activist investor Carl Icahn nominated to its board. The e-commerce company said that both nominations were rejected by its board's Corporate...

Chrysler Group LLC said it is recalling 25,250 Jeep and Dodge sport utility vehicles globally to address a braking issue. Chrysler, a unit of Fiat Chrysler Automobiles (FIA.MI), said the recall is being done to improve pedal feel during certain...

Norwegian Air (NWC.OL) was expected to have four Boeing (BA.N) 787 Dreamliners delivered this spring but delivery may now be delayed for a few weeks after Boeing reported finding some wing cracks, daily newspaper Aftenposten said on Monday. Boeing said...

BEVERLY HILLS, March 09, (THEWILL) – The alleged attempt by Shell Nigeria Exploration and Production Company (SNEPco) to delay payment of compensation to the Niger Delta communities impacted by its December 2011 Bonga oil spill disaster may have hit...