Tax rules and concerns about Sears Holdings Corp's (SHLD.O) tenuous financial condition may force CEO Eddie Lampert to do a complicated dance as he plans to spin off the retailer's best real estate into a separate trust.
Sectors
RBI finds falling inflation a hard sell for Indian consumers
Waiting for the right moment to cut interest rates, India's central bank faces a problem over public perceptions that price rises will return to double-digits even though forecasts show retail inflation fell to a record low of 4.5 percent last month.
BP to spend $1 billion on hundreds of job cuts, restructuring
BP will cut hundreds of jobs across its global oil and gas business by the end of next year in a $1 billion restructuring program announced on Wednesday following steep falls in oil prices.
UK 'Google tax' will target inter-company payments
A new British tax on companies that shift profits out of the country and into tax havens will target inter-company fees for services like use of intellectual property, according to a Treasury document seen by Reuters.
U.S. fracking bonanza to lift GDP by 1 percent by 2040: study
A surge of oil and gas production will drive the U.S. economy 1 percent higher in 2040 than it would have otherwise grown, and energy exports will only stoke the expansion, an independent study on energy policy concluded on Tuesday.
Latest News
New Scotland Yard, the headquarters of London's storied police force and one of the British capital's most famous landmarks, has been sold to an Abu Dhabi investor, paving the way for its macabre but private museum to open to the public elsewhere.
Intel Corp on Tuesday unveiled a new platform to make it easier for companies to create Internet-connected smart products using its chips, security and software.
Belden Inc, a maker of networking and cable products, said it will buy Tripwire, a Portland-based cybersecurity firm, for $710 million. Belden said the transaction will add 65 cents per share to adjusted income from continuing operations in 2015.
Sony Corp's (6758.T) movie studio could face tens of millions of dollars in costs from the massive computer hack that hobbled its operations and exposed sensitive data, according to cybersecurity experts who have studied past breaches.
The U.S. Congress is moving this week toward putting off until 2015 any conclusive action on a tangle of Internet tax issues, including online access taxes and online state sales taxes.
Sumitomo Mitsui Financial Group Inc (8316.T) will announce as soon as next week that it will buy Citigroup Inc's (C.N) Japanese consumer banking business, Bloomberg reported, citing people with knowledge of the matter.
A French-American software start-up is to launch the world's first mainstream automatic password changer in an attempt to remove the all-too-human frailty that has rendered the phrase "computer security" a worrying oxymoron.
Amazon.com Inc added a new feature to its website on Tuesday that allows customers to bid for lower prices on more than 150,000 items, including fine art and rare coins, sold by third-party vendors.
Armchair travelers can visit the world's tallest skyscraper and inspect one of the largest shopping malls with the addition of Dubai to Google Street View, Google said on Tuesday.
