12 Apr 2005 09:31 AM

A joint venture effort of BP PLC faced a new obstacle with new back-tax claims totaling 22 billion rubles, or about $790 million.

12 Apr 2005 07:56 AM

LG.PHILLIPS PLANS TO SELL NEAR $400 MLN. OF CONVERTIBLE BONDS DUE 2010

12 Apr 2005 07:51 AM

On Saturday, Verizon agreed to acquire the stake of the company’s largest shareholder, Carlos Slim Helú, for $25.72 a share, 11% more than the other shareholders will get. After buying Mr. Slim’s stake, Verizon would burst into the line of MCI’s largest shareholders. MCI

12 Apr 2005 07:47 AM

The US and EU yesterday missed the deadline to eliminate government subsidies for the world’s largest manufacturers, Airbus and Boeing.

12 Apr 2005 07:44 AM

Planned acquisition of the British bankrupt carmaker Rover by its Chinese partner Shanghai Automotive Industry Corp., the last way to rescue the company, was never mentioned by the Chinese carmaker, according to Xinhua News Agency.

12 Apr 2005 07:28 AM

Pepsi Bottling Group Inc., the No. 1 producer and distributor of Pepsi-Cola beverages, reported on Tuesday that its first-quarter profit fell 22%.

11 Apr 2005 01:21 PM

EU officials expressed Sunday their willingness to proceed negotiations with the United States, beyond the deadline set for the April 11, to settle an issue over subsidies to Boeing and Airbus.

11 Apr 2005 12:59 PM

Peter Mandelson, the EU trade commissioner, said on Monday the US has «one-sided view» over the subsidies to Boeing after the end of a 90-day truce between the parties.

11 Apr 2005 11:03 AM

Computer giant Microsoft agreed to pay as much as $150 million to Irvine, Calif.-based Gateway to settle the dispute that lasted some four years.

11 Apr 2005 09:08 AM

Federal authorities are investigating alleged fraudulent schemes involving forged trucking contracts by transportation director of S.C

11 Apr 2005 08:44 AM

Collapsing British carmaker MG Rover will get a £6.5 million ($12.2 million) loan from the British government in an attempt to rescue the last major automaker from bankruptcy.

11 Apr 2005 08:35 AM

Verizon Communications Inc. offers $1.1 billion for a 13.4 % stake in MCI Inc. it wants to buy directly from the company’s largest stockholder, the Ashburn held by Mexican telecom magnate Carlos Slim Helu. "While this was an opportunity for us to purchase a block of shares under unique circumstances and is an important step forward in our acquisition of MCI, we will continue to assess the situation as we move toward a vote by the MCI shareholders," Verizon Chief Executive Officer Ivan Seidenberg said.

11 Apr 2005 08:18 AM

Philippine No.1 beverage and food maker San Miguel Corp. said it won a takeover battle for Melbourne-based National Foods Ltd., Australia’s leading diary company.

11 Apr 2005 08:03 AM

Google Inc.’s founders and chief executive keep on turning down huge salaries. A recent SEC register indicates that Google Chief Executive Eric Schmidt and founders Larry Page and Sergey Brin received clipped salaries of 2004 after their request for a nominal salary of $1 a year for the second quarter

11 Apr 2005 08:02 AM

McKesson Corp. and Cardinal Health Inc. were handed subpoenas from New York State Attorney General Eliot Spitzer last week related to the big drug wholesaler dealers’ transactions on the secondary market.