Business

Royal Dutch Shell's (RDSa.L) 23.1 percent stake in Australian oil and gas group Woodside Petroleum (WPL.AX) is seen as more likely to be split up and/or sold to institutional shareholders than to go in one piece to a strategic...

Orders for long-lasting U.S. manufactured goods surged in November and a gauge of planned business spending on capital goods recorded its largest increase in nearly a year, pointing to sustained strength in the economy. While another report on Tuesday showed...

Stocks were little changed on Tuesday as investors refrained from making big bets ahead of the Christmas Day holiday, with equity indexes at record highs. Markets will close early on Tuesday and remain shut until Thursday for the holiday. Trading...

More than one in five people live in extreme poverty globally, according to a new report, though China's continued economic growth has improved the lives of millions. The poverty rate in the world's most populous country fell by nearly three-quarters...

Target Corp's general counsel, Timothy Baer, spoke with top state prosecutors on Monday to address their concerns about a massive data breach, as consumer lawsuits piled up against the retailer and two U.S. senators called for a federal probe. Attorneys...

Retailers are trying new ways to win over Christmas procrastinators. Brick-and-mortar chains seeking ways to improve this season's soft sales made it easier for last-minute consumers to finish their shopping on Christmas Eve. More customers this year will be able...

The appointment of a financial and IPO expert to head its Brazilian operations signals Carrefour (CARR.PA) may list a stake in that business, as Europe's largest retailer looks to accelerate growth in a key market without adding to its...

The Tiffany & Co jewellery chain has been ordered to pay Swatch Group $448m (£274m) over a failed joint venture. The chain said it was "shocked and extremely disappointed" with the decision and cut its full year earnings on the...

The European Union does not draw straight lines. Last week's tortuous agreement on a common system for shutting failed banks exemplifies the awkward, often unstable compromises by which Europe advances. Banking union is the biggest leap forward in EU integration since...

As Washington empties out for the holidays, a final budget fight will play out in the nearly empty Capitol building as congressional staffers parcel out more than $1 trillion to fund everything from cybersecurity to student loans. Unlike the knock-down...