With Volkswagen (VOWG_p.DE) having embarked on a big cost-cutting drive, industry experts are baffled why the "people's car" maker plans to spend millions of euros upgrading a money-losing luxury sedan.
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Keystone XL bill passes in Senate, faces Obama veto
The U.S. Senate passed a bill on Thursday to approve the long-pending Keystone XL oil pipeline, despite the White House saying earlier in the day that President Barack Obama would veto the measure.
AWS move, disclosure suggest Amazon yielding more to Wall Street
After years of giving investors the cold shoulder, Amazon.com Inc (AMZN.O) is starting to warm up to Wall Street. The No. 1 U.S. online retailer was unusually forthcoming during its fourth-quarter earnings call on Thursday, saying it will break out results this year, for the first time, for its fast-growing cloud computing unit, Amazon Web Services.
Tencent inks exclusive online partnership for NBA games in China
The National Basketball Association and Tencent Holdings Ltd said Friday the Shenzhen-based Internet giant will be the only company in China to stream the league's online content.
As gasoline prices drop, Americans swing to favor oil exports: Poll
Americans are more likely than ever to favor easing a ban on exporting crude oil, so long as it does not lead to higher gasoline prices that have recently sunk to near $2 a gallon, according to a new Reuters-IPSOS poll.
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New European Union sanctions against Russia could include further capital markets restrictions, making it harder for Russian companies to refinance themselves and possibly affecting Russian sovereign bonds, EU officials said on Wednesday.
For months now Federal Reserve policymakers have watched the economic turmoil overseas, from Ebola to Russia to the ongoing travails of the euro, and largely held their tongue.
French Finance Minister Michel Sapin said on Wednesday France wanted to facilitate talks between Greece's new leftist Prime Minister Alexis Tsipras and the rest of the euro zone, and would meet his Greek counterpart in Paris on Monday.
Leftist Greek Prime Minister Alexis Tsipras threw down an open challenge to international creditors on Wednesday by halting privatisation plans agreed under the country's bailout deal, prompting a third day of heavy losses on financial markets.
General Motors Co (GM.N) on Wednesday said it does not plan to extend a Jan. 31 deadline to file claims in its faulty ignition switch compensation program, rejecting pleas from two U.S. senators to extend the cutoff.
Buying art at Sotheby's (BID.N) will soon become more expensive as the top international auction house announced it is increasing its buyer's premium, the rates it charges a successful bidder.
Salix Pharmaceuticals Ltd said it would restate financial statements for all of 2013 and the first three quarters of 2014, adding to the drugmaker's list of woes.
First results from a human trial of an Ebola vaccine from GlaxoSmithKline show it is safe and generates an immune response, scientists said on Wednesday, but larger trials are needed to see if it protects and if a booster is needed.
The U.S. Air Force said on Wednesday it would use Boeing Co's commercial 747-8 airliner to replace its current fleet of two Air Force One presidential aircraft, one of the most visible symbols of the United States.
