Asian shares firm after sharp rebound in oil, BOJ in focus

TOKYO - Asian stocks held firm on Wednesday as a sharp rebound in oil prices supported battered resource shares and emerging economy currencies, while Japanese markets were tentative ahead of a crucial Bank of Japan policy meeting.

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VW under pressure for answers as emissions scandal deadlines loom

WOLFSBURG, Germany - Hans Dieter Poetsch's first board meeting as chairman of Volkswagen on Wednesday could turn out to be his most important, coming just hours before a deadline set by German regulators and testimony by the company's top U.S. executive in Congress.

DuPont CEO departure buys time to appease Peltz

BOSTON/TORONTO - The departure of DuPont's chairwoman and chief executive Ellen Kullman has bought the U.S. chemical manufacturer a few months' grace to boost its stock price and appease activist investor Nelson Peltz.

7:39pm EDT

American Apparel seeks fashion revival under bankruptcy plan

CHICAGO - American Apparel Inc plans to revamp its struggling fashion business under a restructuring plan that would give ownership to the Standard General hedge fund, which rescued RadioShack earlier this year, lawyers said at a hearing on Tuesday.

Big U.S. firms hold $2.1 trillion overseas to avoid taxes: study

WASHINGTON - The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday. | Video

6:37pm EDT

AirAsia shares gain eight percent after report it may be taken private

KUALA LUMPUR/SINGAPORE - Shares of AirAsia Bhd rose to their highest in nearly two weeks after Reuters reported that the founders of Asia's largest budget airline are sounding out investors to take the company private.

10:17pm EDT


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