PDVSA seeks bids for Citgo in potential $10 billion deal - sources

Venezuela's state-run oil company PDVSA [PDVSA.UL] is seeking preliminary offers for its U.S. unit Citgo Petroleum Corp [PDVSAC.UL] by the end of September, a deal that could fetch up to $10 billion, according to two people familiar with the matter.


Apple unveils watch, larger iPhones in a bid to retake innovation crown

Apple Inc unveiled a watch, two larger iPhones and a mobile payments service on Tuesday as Chief Executive Officer Tim Cook seeks to revive the technology company's reputation as a wellspring of innovation.

Tech, equipment makers join U.S. 'net neutrality' debate

Regulating internet providers more like public utility companies could hurt the Internet and the U.S. economy, more than two dozen network technology and equipment makers have told U.S. Commerce Secretary Penny Pritzker.

Showtime for Apple: Big phones, smart watches and high expectations

It has been four years since Apple Inc (AAPL.O) introduced a completely new gadget and the pressure is on for the world's largest tech company to wow at its "special event" in Cupertino, California, on Tuesday.


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A Chinese trading firm has booked the world's largest super-tanker to store crude at sea, adding to a growing flotilla of vessels used for floating storage as benchmark oil prices slip below $100 a barrel.
General Motor Co's (GM.N) main Chinese joint venture is recalling 38,328 Cadillac sedans in China due to a glitch in brake control software, the country's quality watchdog said on Tuesday.
Ray Conner, chief executive of Boeing Co's (BA.N) commercial airplanes business, said on Monday the planemaker is being pressured to raise the production rate of its 737 jetliner, another signal the company is about to announce rate increases beyond current targets.
Jawbone said on Monday it is opening its software to other device-makers in hopes of accelerating sales of its activity-tracking wristbands, in a move that comes a day before Apple Inc is expected to unveil a smartwatch of its own.
One in 10 Africans are logging on to Facebook every month, the world's No.1 online social network said on Monday, presenting a new target audience for advertisers.
William Grant & Sons Ltd, the UK-based maker of Glenfiddich whisky and Hendrick's Gin, has acquired Drambuie for an undisclosed price, the company said on Monday.
State-backed Royal Bank of Scotland (RBS.L) plans to raise up to $4 billion from the share flotation of its U.S. bank Citizens Financial Group this month, putting it on track to be the biggest U.S. share offering by a bank this year.
Alternative asset manager Fifth Street Asset Management Inc filed with the U.S. regulators for an initial public offering of Class A common stock. Morgan Stanley, J.P. Morgan and Goldman Sachs were among the major underwriters for the IPO, the Greenwich
Global Cash Access Holdings Inc (GCA.N), which provides cash services to casinos, said it would buy slot machine maker Multimedia Games Holding Co Inc (MGAM.O) for about $1.2 billion to strengthen its gaming business.
Students eager to keep on top of classes, assignments and extra-curricular activities can turn to new apps to keep them organized as the new school year ramps up.
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