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Euro, bond yields drop as Germany's Merkel holds on

LONDON The euro and European government bond yields slipped on Monday after the bloc's most powerful leader, German Chancellor Angela Merkel, won a fourth term but faced a fractured parliament as support for the far right surged.

Recent Business News

P&G, Peltz vie for small investor votes in biggest-ever proxy fight

NEW YORK The largest corporate proxy fight in history, between Procter & Gamble Co and activist investor Nelson Peltz, may ultimately be decided by small shareholders like Tom Neubecker.

7:13am EDT

Apologizing to London, Uber CEO offers change to keep license

LONDON Uber's new boss [UBER.UL] apologized to Londoners for the taxi app's mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its license in one of its major markets.

7:58am EDT

Oil hits eight-month high as producers say market rebalancing

LONDON Oil prices rose on Monday to their highest in eight months after major producers said at a meeting in Vienna the global market was well on its way toward rebalancing.

7:48am EDT

Walt Disney threatens to pull ESPN, ABC from Optimum

NEW YORK Walt Disney Co has threatened to pull its programming from the fourth largest U.S. cable distributor, Altice USA, if the two parties cannot reach a deal before the end of the month, the cable company said on Sunday.

Television, Sports 12:09am EDT

Chevron to invest $4 billion to boost Permian Basin output

SINGAPORE Oil major Chevron Corp will next year invest around $4 billion to ramp up its crude production in the Permian Basin area of the United States, a company executive said on Monday.

4:27am EDT


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