Troubled electronics retailer RadioShack Corp is preparing to shut down the chain in a bankruptcy deal that would see half the stores taken over by Sprint Corp, Bloomberg News reported, citing people with knowledge of the discussions.
Regions
Australia's RBA cuts rates to record low, market hankers for more
Australia's central bank cut its cash rate to an all-time trough of 2.25 percent on Tuesday, breaking an 18-month hiatus on stimulus as it seeks to spur a sluggish economy while keeping downward pressure on the local dollar.
ECB considering leaving troika: Handelsblatt
The European Central Bank is considering withdrawing from the "troika" of international lenders that governs Greece's international bailout, German business daily Handelsblatt reported on Tuesday.
AT&T to sell data centers worth $2 billion: sources
AT&T Inc is selling some data centers worth about $2 billion as it continues its streak of asset sales, people familiar with the matter said on Monday.
BP beats expectations on surprise Russian profit, stock jumps
Oil major BP beat expectations for the fourth quarter of 2014 thanks to a surprise profit from its stake in Russian oil giant Rosneft while taking a $3.6 billion impairment charge and cutting spending due to low oil prices.
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When Edith Zemirou bought Euro Disney stock two decades ago, she expected a decent return and her own small share in Mickey Mouse magic.
Exxon Mobil Corp said on Monday its quarterly profit fell 21 percent as weak oil prices took a toll, but results topped Wall Street expectations due to a tax adjustment and higher earnings from its chemicals business.
Oil prices rose strongly again on Monday, tacking on a total of 11 percent over two straight sessions, as some investors bet that a bottom had formed to the seven-month long rout on the market even as others remained pessimistic.
Stocks ended sharply higher on Monday after a late rally driven by hopes for a Greek debt deal and as energy shares bounced with oil prices.
Japan-based messaging app company Line Corp is launching an online grocery delivery service, its first ever, in Thailand and plans to expand it to other Southeast Asian nations to tap booming growth in the region's mobile phone transactions.
President Barack Obama's fiscal 2016 budget proposes $7.4 billion to fund clean energy technologies and a $4 billion fund to encourage U.S. states to make faster and deeper cuts to emissions from power plants, officials told Reuters.
Prime Minister Narendra Modi will visit China before his first anniversary in government on May 26, the foreign ministry said on Monday, in the latest symbolic move by the nationalist leader to cement India's ties with the world's major powers.
Italy's Finmeccanica may decide to sell DRS Technologies once it has found a partner for the struggling U.S. unit, the chief executive of the aerospace and defense group told an Italian newspaper on Monday.
Ryanair Chief Executive Michael O'Leary said the concerns of its fellow Aer Lingus shareholder, the Irish government, on the potential sale of the airline to the owner of British Airways are misplaced.
