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 pares early gains on bearish world market outlook

NEW YORK - Oil prices pared most of their gains on Tuesday afternoon as investors focused on a bearish outlook from the International Energy Agency after U.S. crude gained on technical support earlier in the session.

1:41pm EDT

New Barclays CEO faces early challenge to fix wealth arm

LONDON - The new chief executive of British bank Barclays, expected to be former JPMorgan banker Jes Staley, faces an early challenge in deciding what to do in wealth management after a decade of disappointment. | Video

1:21pm EDT


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