Business

ArcelorMittal, the world’s largest steelmaker, has not changed its plan to invest $1 billion dollars in a new production line in Mexico, a spokesman said on Friday, despite uncertainty aroun...

Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp, a source familiar with the matter said on Friday.

U.S. exchange operator CME Group said on Thursday it had reached an agreement to buy Michael Spencer’s NEX Group, valuing the British firm at about 3.9 billion pounds ($5.5 billion) and crea...

French manufacturer of automobile tires Compagnie Generale des Etablissements Michelin SA has reached an agreement on the acquisition of a manufacturer of products from polymer materials Fen...

South Africa’s Naspers has raised $9.8 billion from the sale of a 2 percent stake in Chinese investment Tencent to strengthen its balance sheet and fund growth in its e-commerce businesses,...

Home appliance maker Whirlpool Corp said on Tuesday it agreed to sell its Embraco compressor business to Japan’s Nidec Corp for $1.08 billion in cash as it focuses on its consumer-facing bus...

Intercontinental Exchange Inc’s New York Stock Exchange is in talks to buy the Chicago Stock Exchange, the Wall Street Journal reported on Friday, a month-and-a-half after U.S. regulators bl...

Venezuelan oil production fell by another 10,000 barrels per day in March. The country's economy is already in bad shape, experiencing hyperinflation. Venezuela could hand over more contro...

Telecom Italia SpA aims to accelerate the turnaround plan with an asset allocation plan that would cause the former telephone monopolist to relinquish control of its most valuable part, the...

Saudi Aramco is the world’s most profitable oil company, Bloomberg reported on Friday, but its huge earnings and cash flows may still fail to justify its desired $2 trillion valuation.