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 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.
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 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.
Even before the ink is dry on the Trans-Pacific Partnership trade deal, companies are laying out plans to expand in Vietnam and Malaysia.
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.
The IMF once again downgraded its outlook for global growth, hurt by a slowdown in emerging markets.
Though Japan’s economy has encountered headwinds, Abenomics is making more progress than appreciated, Greg Ip writes.
Americans added to their debt load at a slower pace in August, suggesting some caution on the part of consumers.
U.S. industries as diverse as aerospace, agriculture and apparel laud the historic Trans-Pacific Partnership struck Monday. Others cite shortcomings.
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 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 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.
Several Fed officials, including Chairwoman Janet Yellen, say they plan to raise rates this year, and Lawrence Summers thinks that’s a mistake.
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.
Web radio service Pandora Media has agreed to acquire ticket seller Ticketfly in a deal valued at $450 million.
French luxury group Kering named Demna Gavasalia as the new artistic director at Balenciaga, replacing Alexander Wang who announced his departure earlier this year.
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.