Corporations

Renault SA COO Carlos Tavares would step down after publicly revealing desire to run General Motors Co or Ford Motor Co.

Fraser and Neave Ltd said that the company is in a dispute with its joint venture partner regarding its stake in Myanmar Brewery Ltd..

Carrefour posted improved profits in the first half of 2013 despite discontinuing a number of operations.

Founders of ENRC announced that investors had already accepted up to 94.5% of its buyout offer. Founders of the Eurasian Natural Resources Corporation (ENRC) announced that investors had already accepted 94.

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Android vice-president Hugo Barra left Google amid marriage troubles between Sergey Brin and Anne Wojcicki.

Zurich Insurance chairman Josef Ackermann resigned in relation to the suicide of the insurer company's CFO, Pierre Wauthier.

The purchase of Elster helped Melrose Industries increase its revenues for the first half of this year.

Despite a beleaguered international division, Qantas Airways posted an annual profit of AUD5 million.

Taiwan-based Advanced Semiconductor Engineering Inc would be selling convertible bonds to raise USD 400 million.

German insurance firm Allianz announced that it is nearing a deal to outsource its information technology services.

MMG Ltd expressed interest in working together with partners as it seeks to further grow its business.

Bill Ackman lost half his investment after selling entire J.C. Penney stake to Citigroup. Former board member Bill Ackman is officially through with the retailer.

Capital One hires former bankers to spearhead the credit card company's expansion into the energy business.

Verizon is now in discussion with banks to fund the USD130 billion buyout offer for Vodafone's 45% shareholdings.