Asia stocks stumble on geopolitical tensions, oil retreats

TOKYO Asian stocks were on edge on Wednesday with most markets stumbling as geopolitical tensions flared after Turkey downed a Russian fighter jet, while crude oil prices eased from two-week highs.

Recent Business News

Fedex, TNT win U.S. approval to merge

WASHINGTON Tennessee-based Fedex Corp and Dutch counterpart TNT Express have won U.S. antitrust permission to merge, according to a listing of approved deals the Federal Trade Commission issued on Tuesday.

1:00pm EST

Peltz's activist fund Trian to end quarterly redemptions: sources

Trian Fund Management LP, the activist hedge fund run by billionaire investor Nelson Peltz, is ending quarterly redemptions by its new investors, according to people familiar with the matter, in order to lock in money for longer periods.

10:56pm EST

German prosecutors launch tax evasion probe at Volkswagen

HAMBURG German prosecutors have launched an investigation into suspected tax evasion in connection with cheating on emissions tests by Volkswagen , adding to the intense scrutiny of Europe's biggest carmaker.

Roy Harvey to head Alcoa's commodities business post split

Aluminum producer Alcoa Inc said it named Roy Harvey chief executive of its traditional aluminum smelting and refining operations, which would be separated from its faster growing plane and car parts business.

3:51pm EST

U.S. consumers and stores face off over depth of holiday discounts

NEW YORK/CHICAGO Target Corp's 10 percent discount on a $30.49 pair of embroidered curtains was not nearly enough to entice Valerie Jenkins, shopping in Chicago the weekend before Thanksgiving. | Video

5:16pm EST


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