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Asia shares retreat from nearly two-year peak, dollar firms

TOKYO Asian shares turned lower on Thursday after earlier briefly nudging up to near two-year highs, while the dollar benefited from waning expectations that the European Central Bank was poised to end its easy policy.

Recent Business News

Toshiba shareholders agree to split off chip unit, paving way for sale

TOKYO Toshiba Corp's shareholders on Thursday approved a proposal to split off the Japanese company's prized NAND flash memory unit, paving the way for a sale of a majority stake or even all of the business.

Tech, Deals, Japan 1:55am EDT

Banks to London staff: no panic as Britain launches EU divorce process

LONDON Banks in Britain have tried to reassure their London staff over possible Brexit disruption, including a shift in jobs to continental Europe, as Prime Minister Theresa May triggered formal EU divorce proceedings on Wednesday.

Mar 29 2017

Volkswagen says U.S. approves sale of modified diesel vehicles

Volkswagen AG said the U.S. Environmental Protection Agency has approved its request to sell up to 67,000 diesel vehicles from the 2015 model year, including about 12,000 currently in dealer inventory with approved emissions modifications.

Mar 29 2017

Ackman apologizes for Valeant losses, calls bet a mistake

BOSTON Billionaire hedge fund manager William Ackman has apologized to clients for betting on Valeant Pharmaceuticals International Inc , telling them he was "deeply and profoundly sorry" for losing so much of their money on the investment.

Mar 29 2017

Amazon plans layoffs at Quidsi unit after losses

Amazon.com Inc plans to cut 263 jobs at its money-losing parenting products unit Quidsi this summer as part of a business restructuring, it said in a notice filed with New Jersey on Wednesday.

Mar 29 2017

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