Recent Business News
LONDON - Brewer SABMiller has rejected an "informal" takeover offer from Anheuser-Busch InBev of about $100 billion as being too low, a media report said on Tuesday, pushing down its share price.
DETROIT - The United Auto Workers union has told Fiat Chrysler Automobiles NV that its workers are prepared to walk off the job on Wednesday night unless there is a new contract agreement, the company said on Tuesday.
SYDNEY/BRUSSELS - Early industry reaction to a long-sought trade agreement reached between 12 Pacific Rim countries on Monday amounted to faint praise that it could have been worse and umbrage that the United States appeared to be the biggest winner.
DETROIT - Fiat Chrysler Automobiles NV stands to lose $40 million of operating profit a week from a strike of its plants by the U.S. labor union United Auto Workers, said an analyst with the Center for Automotive Research.
PARIS - Violent acts by workers at the headquarters of troubled flag carrier Air France a day ago are a national embarrassment that reinforces the very image the country wants to shake off, French political leaders said on Tuesday.