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SABMiller Rejects Fresh $104 Billion AB InBev Proposal

1 hour ago (Wed, 07 Oct 2015 13:31:02 EDT)

SABMiller rejected a takeover proposal from Anheuser-Busch InBev that valued it as high as $103.88 billion, the latest salvo in what is quickly becoming a tense negotiation between the world’s No. 1 and No. 2 brewers.

FanDuel, DraftKings Ban Employees From Playing Daily Fantasy Contests for Money

29 minutes ago (Wed, 07 Oct 2015 14:49:56 EDT)

FanDuel and DraftKings, two of the biggest daily fantasy-sports sites in the U.S., said they are permanently banning employees from playing in daily fantasy contests for money, as well as enlisting high-profile attorneys to review their processes.

VW to Launch Recall in January

23 minutes ago (Wed, 07 Oct 2015 14:56:23 EDT)

Volkswagen in January will launch a massive recall of its diesel-powered cars affected by its emissions test scandal. The recall is expected to be completed by the end of 2016, its chief executive said.

Yum Executives Take Blame for China Woes

3 hours ago (Wed, 07 Oct 2015 11:56:13 EDT)

Yum Brands executives took full responsibility for missteps in China that led to disappointing quarterly results and erased as much as $7 billion in the company’s market value.

Company Stampede to Southeast Asia Seen on Trade Pact

1 hour ago (Wed, 07 Oct 2015 13:51:22 EDT)

Even before the ink is dry on the Trans-Pacific Partnership trade deal, companies are laying out plans to expand in Vietnam and Malaysia.

IMF: Emerging-Market Woes Risk Triggering Asset Fire Sales

4 hours ago (Wed, 07 Oct 2015 10:32:49 EDT)

Financial turmoil in emerging markets risks hitting global economic growth and triggering asset fire sales world-wide, especially if the U.S. Federal Reserve raises interest rates prematurely, the IMF said.

IMF Downgrades Global Economic Outlook Again

8 hours ago (Wed, 07 Oct 2015 06:50:15 EDT)

The IMF once again downgraded its outlook for global growth, hurt by a slowdown in emerging markets.

Abenomics: It Isn't a Bust

1 hour ago (Wed, 07 Oct 2015 14:00:38 EDT)

Though Japan’s economy has encountered headwinds, Abenomics is making more progress than appreciated, Greg Ip writes.

U.S. Consumers Show Signs of Caution with Debt in August

10 minutes ago (Wed, 07 Oct 2015 15:08:47 EDT)

Americans added to their debt load at a slower pace in August, suggesting some caution on the part of consumers.

Some U.S. Industries Seen as Winners in Pacific Trade Pact

14 hours ago (Wed, 07 Oct 2015 01:03:35 EDT)

U.S. industries as diverse as aerospace, agriculture and apparel laud the historic Trans-Pacific Partnership struck Monday. Others cite shortcomings.

Monsanto to Cut 2,600 Jobs in Restructuring

3 hours ago (Wed, 07 Oct 2015 12:12:26 EDT)

Biotech seed giant Monsanto said it planned to restructure and cut about 2,600 jobs as its loss widened in its latest quarter, hurt again by weaker corn-seed sales.

Nokia Outlines Structure for Takeover of Alcatel-Lucent

1 hour ago (Wed, 07 Oct 2015 13:43:20 EDT)

Nokia laid out management and organizational plans for the group as it prepares for the completion of its €15.6 billion ($17.6 billion) acquisition of French rival Alcatel-Lucent.

Tesco Swings to Loss on Korea Costs

7 hours ago (Wed, 07 Oct 2015 07:33:05 EDT)

Tesco fell to an interim net loss as Britain’s largest retailer incurred costs related to the sale of its Korean business but said it is regaining its competitive position in its home market.

Lawrence Summers Still Disagrees With Janet Yellen

5 days ago (Thu, 01 Oct 2015 21:23:59 EDT)

Several Fed officials, including Chairwoman Janet Yellen, say they plan to raise rates this year, and Lawrence Summers thinks that’s a mistake.

IMF's Lagarde Faces Daunting Task as Term Nears End

20 hours ago (Tue, 06 Oct 2015 18:40:15 EDT)

IMF chief Christine Lagarde, in Peru for the fund’s annual meeting this week, will try to nudge finance leaders into what she says is an urgent policy upgrade to help the global economy avoid another downturn.

Pandora to Buy Ticketfly for $450 Million

6 hours ago (Wed, 07 Oct 2015 08:57:29 EDT)

Web radio service Pandora Media has agreed to acquire ticket seller Ticketfly in a deal valued at $450 million.

Kering Names Gavasalia Artistic Director at Balenciaga

5 hours ago (Wed, 07 Oct 2015 10:07:16 EDT)

French luxury group Kering named Demna Gavasalia as the new artistic director at Balenciaga, replacing Alexander Wang who announced his departure earlier this year.

Battle Brews Atop Media Giant Viacom

4 hours ago (Wed, 07 Oct 2015 11:10:00 EDT)

A boardroom drama is intensifying at Viacom amid questions about the health of Executive Chairman Sumner Redstone, as Wall Street ponders what the struggling media giant might look like without him.