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Kraft walks away from 'friendly' bid for Unilever

NEW YORK U.S. food company Kraft Heinz Co withdrew its proposal for a $143-billion merger with larger rival Unilever Plc , the companies said on Sunday, raising questions about whether Kraft will turn its focus to another target.

Recent Business News

Amazon to create over 5,000 jobs in Britain in 2017

LONDON Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, the company said on Monday, boosting its investment in the country once more even as it prepares to leave the European Union.

8:11pm EST

Japan export growth slows, Trump's trade policies cloud outlook

TOKYO Japan's exports rose in January at a slower pace than the previous month due to a decline in shipments to the U.S. and the Lunar New Year holidays and as concerns about growing trade protectionism cast doubts over the outlook.

8:41pm EST

Inbound China M&A takes flight on consumer promise

HONG KONG Overseas acquisitions by Chinese buyers are cooling after two record years as Beijing reins in capital outflows, but deals into China are on the rise, and new rules will make it easier for foreign buyers to tap China's giant consumer potential.

China, Deals 6:19pm EST

'CEO' Tillerson faces internal skeptics, crisis-battling White House

WASHINGTON One of Rex Tillerson's first directives as U.S. secretary of state was an order to senior staff that his briefing materials not exceed two pages.

With stocks at highs, investors eye consumer results

NEW YORK U.S. stock investors may look to a host of results from consumer-facing companies including Wal-Mart Stores Inc next week for signs on whether the recent market rally has more room to run.

Feb 18 2017

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