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Markets

Allergan agrees to $66 billion Actavis deal; Valeant walks

Allergan Inc (AGN.N) on Monday accepted a $66 billion takeover bid from Actavis Plc (ACT.N), closing the door on a hostile offer from activist investor William Ackman and Valeant Pharmaceuticals International Inc (VRX.TO).

Nov 17, 2014 11:59 AM EST

Markets

Fiat Chrysler CEO ordered to give deposition in Jeep fire lawsuit: WSJ

A judge has ordered Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N), to give a deposition in a Georgia lawsuit involving a 4-year-old boy killed in a Jeep fuel-tank fire, the Wall Street Journal reported on Saturday.

Markets

What is a recall? Carmakers confuse U.S. drivers in deadly air bag saga

In recent weeks, hundreds of thousands of U.S. Toyota drivers have received a stern warning by first-class mail: Immediately drive to your dealer to replace a flawed air bag, and in the meantime don't let anyone sit on the passenger side.

Markets

Ford shares poised for a rebound: Barron's

Ford Motor shares may be in for a rebound and could climb 30 percent in a year, said Barron's financial newspaper in its edition to be published Monday.

Ford: Mustang driver injured by air bag fragment in North Carolina crash

Ford Motor Co F.N. said on Sunday night it was cooperating with U.S. safety regulators investigating a report the driver of a 2007 Ford Mustang was injured in August by a metal fragment from the car’s air bag.

Nov 17, 2014 11:47 AM EST

GM ignition-switch claims deadline extended to Jan. 31

The deadline to file claims under General Motors Co's faulty ignition-switch compensation program has been extended by one month to Jan. 31, 2015, the program's administrator, Kenneth Feinberg, said on Sunday.

Nov 17, 2014 11:43 AM EST

EU says Starbucks' 'very low' Dutch tax deal may be illegal

A tax deal the Netherlands cut with Starbucks Corp (SBUX.O) may be illegal state aid, European Union regulators said on Friday, part of a crackdown on members attracting investment by helping companies to avoid tax.

Nov 14, 2014 12:32 PM EST

Exclusive: Ex-wife of US oil baron to appeal $1 billion divorce award

Sue Ann Hamm, the ex-wife of Oklahoma oil magnate Harold Hamm who was awarded cash and assets worth more than $1 billion in the couple's divorce this week, plans to appeal the judgment on grounds that it grossly undervalues the marital wealth she is entitled to.

Nov 14, 2014 12:30 PM EST

IEA sees new era, no quick rebound in oil prices

The oil market has entered a new era with lower Chinese economic growth and booming U.S. shale output, making a return soon to high prices unlikely, the West's energy watchdog said on Friday.

Nov 14, 2014 12:27 PM EST

Obama, in latest climate move, to pledge $3 billion for global fund

President Barack Obama will announce a $3 billion U.S. contribution to an international fund to help poor countries cope with the effects of climate change, an administration official said on Friday.

Nov 14, 2014 12:25 PM EST

U.S. House set to pass Keystone, but Senate a vote shy

The Republican-led U.S. House of Representatives prepared to approve the Keystone XL pipeline on Friday, but a similar bill struggled to get enough support in the Senate and President Barack Obama indicated he might use his veto if the bill does get through Congress.

Nov 14, 2014 12:22 PM EST

U.S. data points to strong spending ahead of holiday shopping frenzy

U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace.

Nov 14, 2014 12:18 PM EST

Takata shares open down 1 percent after news of criminal probe

Shares of Takata Corp opened down 1 percent on Friday after the Japanese auto parts maker said it was the subject of a U.S. criminal investigation over defective air bags that have been linked to five deaths.

Nov 14, 2014 12:11 PM EST

France wants former Peugeot chief Varin as Areva chairman

The French government wants Philippe Varin, former head of PSA Peugeot Citroen (PEUP.PA), to take over as chairman of the board at state-owned nuclear group Areva (AREVA.PA), a source at the economics ministry said.

Nov 14, 2014 12:05 PM EST

Five takeaways on retirement from the midterm elections

Retirement policy wasn’t on the ballot in last week's midterm elections. But the new political landscape could threaten the retirement security of middle-class households.

Nov 13, 2014 1:27 PM EST

Wal-Mart sales rise as it girds for competitive holiday season

Wal-Mart Stores Inc (WMT.N) same-store sales, helped by lower gas prices, rose for the first time in seven quarters, but the world's largest retailer warned it was preparing for a bruising holiday season as it moves to match prices with online outlets.

Nov 13, 2014 1:24 PM EST