AB InBev wins over SABMiller at fifth attempt

BRUSSELS/LONDON - The world's two biggest brewers agreed on Tuesday to create a company making almost a third of the world's beer after SABMiller received an improved offer worth more than $100 billion from larger rival Anheuser-Busch InBev .

Recent Business News

Jury selection begins in ex-Rabobank traders' U.S. trial over Libor scheme

NEW YORK - Jury selection got under way on Tuesday in the trial of two former Rabobank [RABO.UL] traders from Britain facing U.S. charges that they engaged in a scheme to manipulate Libor interest rates.

10:51am EDT

EMC to pay up to $2.5 billion to Dell if it opts for rival bid

- EMC Corp said it would pay Dell Inc [DI.UL] up to $2.5 billion in termination fees if the data-storage company accepts a "superior proposal".

11:48am EDT

VW looks to cutbacks and electric cars to overcome scandal

BERLIN - Volkswagen will cut investment plans at its biggest division by 1 billion euros ($1.1 billion) a year and step up development of electric vehicles, it said on Tuesday, as it battles to cope with the fallout from its cheating of diesel emissions tests. | Video

12:04pm EDT

Oil falls after bearish IEA report

LONDON - Oil prices fell on Tuesday after the West's energy watchdog forecast a global supply glut would last through 2016 thanks to slowing demand growth.

9:36am EDT

U.S. says Apple e-books antitrust monitor no longer needed

NEW YORK - The U.S. Justice Department has determined that Apple Inc has implemented significant improvements to its antitrust compliance program and that a court-appointed monitor's term does not need extended, according to a court filing.


  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary