SABMiller rejected a takeover proposal from Anheuser-Busch InBev that valued it as high as $103.88 billion, the latest salvo in what is quickly becoming a tense negotiation between the world’s No. 1 and No. 2 brewers.
Oil prices hit multiweek highs in London trading, after data out of the U.S. showed a drawdown in crude stocks and an improved demand forecast, boosting investor appetite for the commodity.
Web radio service Pandora Media has agreed to acquire ticket seller Ticketfly in a deal valued at $450 million.
Goldman Sachs and J.P. Morgan Chase are running up against wary investors in an attempt to shed leveraged loans backing the buyout of online clothing retailer FullBeauty Brands.
Central banks are selling U.S. government bonds at the fastest pace on record, the most dramatic shift in the $12.8 trillion Treasury market since the financial crisis.
Tesco fell to an interim net loss as Britain’s largest retailer incurred costs related to the sale of its Korean business but said it is regaining its competitive position in its home market.
The IMF once again downgraded its outlook for global growth, hurt by a slowdown in emerging markets.
Components, rather than mobile phones, are driving the rebound at Samsung Electronics.
U.S. industries as diverse as aerospace, agriculture and apparel laud the historic Trans-Pacific Partnership struck Monday. Others cite shortcomings.
Lowered delivery forecasts dented Tesla’s stock. But expectations may still be too high.