Business

Comcast Corp is buying Time Warner Cable Inc for $45.2 billion in an all-stock deal, combining the nation's two largest cable operators, according to people familiar with the matter. The friendly takeover comes as a surprise after months of public...

Nestle (NESN.VX) will disclose details of a planned share buyback when the sale of an 8 percent share in L'Oreal (OREP.PA) closes, its chief financial officer told investors on Thursday. Nestle said on Tuesday it was reducing its stake in...

PSA Peugeot Citroen (PEUP.PA) has reached an outline deal with Dongfeng (0489.HK) and France to raise up to 4 billion euros ($5.5 billion) in fresh capital and deepen cooperation with the Chinese carmaker, sources familiar with the matter said. The...

Asian shares rallied for a fourth straight session on Wednesday, as upbeat trade data from China and an optimistic economic outlook from Federal Reserve Chair Janet Yellen whetted investors' appetite for risk. The cheer was expected to spread to Europe,...

A rare sale of a stake in Alibaba Group Holding (IPO-ALIB.N) values China's dominant e-commerce company at around $128 billion, Reuters calculations show. Alibaba is expected to go public later this year in the world's biggest listing since Facebook Inc's...

Microsoft Corp denied on Wednesday it was omitting websites from its Bing search engine results for users outside China after a Chinese rights group said the U.S. firm was censoring material the government deems politically sensitive. GreatFire.org, a China-based freedom...

Gold hit a three-month high and global shares edged higher on Tuesday as investors bet that the new head of the U.S. Federal Reserve would navigate through her first testimony to Congress without rocking the markets boat. Fed Chair Janet...

French cosmetics firm L'Oreal (OREP.PA) is buying 8 percent of its shares from Swiss food group Nestle (NESN.VX) for 6.5 billion euros ($9 billion), loosening their 40-year partnership and allowing both firms to boost earnings per share. However, Nestle said...

Airbus (AIR.PA) claimed bragging rights as the Asia-Pacific's dominant aircraft supplier on Tuesday, saying the region's fast growing economies and rising passenger demand will continue to drive demand over the next 20 years. The European planemaker said that in 2013,...

Barclays Plc (BARC.L) expects to axe up to 12,000 jobs this year to cut costs and counter falling income at its investment bank, where profits slumped last year. But it is also paying staff higher bonuses, risking a backlash from...