Alstom To Pay Record $772 Million To Settle Bribery Charges With U.S.

The French firm Alstom SA has pleaded guilty and will pay $772 million in criminal penalties to settle charges with the U.S. Justice Department...

Saudi Arabia Says To Maintain Stable Petroleum Policies

Saudi Arabia's new energy minister said on Sunday the world's largest crude exporter was committed to meeting demand for hydrocarbons from its customers and...

Bank Of America Skips Vote Sought By Funds On Moynihan’s Roles

Bank of America Corp will not hold a shareholder vote on its decision to reunite the roles of chairman and chief executive officer, according...

Naira Sells @ N318 To $1 In Parallel Market

SAN FRANCISCO, February 23, (THEWILL) – The Naira Tuesday closed at N318 to US$1 in the parallel market, extending its 2-day rally against the...

Fortum Sells Finnish Power Distribution Grid For $3.5 Billion

State-controlled Finnish utility Fortum has agreed to sell its local power distribution grid to a consortium of institutional investors led by First State Investments...

Grim China Data Keeps Stimulus Hopes Alive

A deepening slowdown in demand in China took center-stage on Monday, boosting some stock markets on hopes of more policy stimulus even as it...

Head Of VW’s Audi Arrested In Germany Over Diesel Scandal

Volkswagen’s (VOWG_p.DE) supervisory suspended crisis talks to find a stand-in boss for its Audi brand which were convened after German authorities arrested current Audi...

EU Deadline On GE’s $13 Billion Alstom Deal Extended To Aug. 6

European Union antitrust regulators have extended their deadline for a decision on General Electric's (GE.N) 12.4 billion euro ($13.15 billion) bid for Alstom's (ALSO.PA)...

Google To Sell Glass To Public Next Week

Google Inc will take online orders for its Glass wearable gadget on April 15, in its biggest push to get the $1,500 wraparound Web-ready...

Hyundai And Kia Miss 2015 Sales Targets

South Korean automaker Hyundai Motor and its affiliate Kia Motors missed their global sales targets in 2015 for the first time since the financial...