AB InBev, SABMiller brew up $100 billion deal

BRUSSELS/LONDON - The world's top two brewers, Anheuser-Busch InBev and SABMiller , have agreed in principle to one of the biggest mergers in corporate history after a near month-long courtship resulted in SABMiller accepting an offer worth more than $100 billion. | Video

Recent Business News

Fed's Tarullo against 2015 rate hike amid Fed split over timing

- Federal Reserve Governor Daniel Tarullo on Tuesday said the Fed should not hike interest rates this year, in comments that point to sharp divisions within the U.S. central bank over America's readiness for higher rates.

3:41pm EDT

Eight Fed banks call for discount rate hike: minutes

WASHINGTON - The number of Federal Reserve banks pushing the central bank to raise the rate it charges commercial banks for emergency loans rose to eight in September from five in July, minutes from the Fed's discount rate meeting showed.

2:08pm EDT

Twitter announces layoffs as CEO Dorsey looks to revive growth

- Twitter Inc will lay off up to 336 employees, or about 8 percent of its workforce, as co-founder Jack Dorsey readies to revive growth in the microblogging service provider's user base in his second stint as chief executive.

Tech, Twitter 1:07pm EDT

J&J third-quarter sales miss mark, hurt by strong dollar

- Johnson & Johnson reported third-quarter sales well below Wall Street estimates, hurt by the stronger dollar and disappointing demand for its Remicade arthritis drug and its Xarelto blood clot preventer. | Video

3:08pm EDT

Airbus likely to increase production in Mobile, mayor says

NEW YORK - Airbus Group SA is likely to increase aircraft output at its Mobile, Alabama, factory beyond its current four-a-month target, the mayor of the Southern U.S. city said on Tuesday.

6:02pm EDT


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