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  • BERLIN— Volkswagen AG and Suzuki Motor Corp. say an arbitration tribunal has formally put an end to a failed alliance between the two companies to develop green cars, and Suzuki will buy back the 19.9 percent stake that Volkswagen held. The hybrid and electric car partnership agreed in 2009 never got off the ground and unraveled into a public feud.

  • Aug 28- FedEx Corp pilot union's executive council has voted in favor of a tentative contract that seeks better employment terms including higher hourly pay rates and retirement plan enhancement, the Air Line Pilots Association said. The FedEx master executive council voted late on Thursday to approve the collective bargaining agreement reached on Aug. 19...

  • ST. PAUL, Minn.— There were no quick answers Friday for UCare or Minnesota officials in the Minneapolis health care provider's case against the state, as a Minnesota judge said he'll decide sometime before a key deadline next week whether to give the company more time to win back its public health plan contracts. During the case's first hearing Friday, Ramsey...

  • Dish and Sinclair agree in principle on new contract Wednesday, 26 Aug 2015 | 10:42 AM ET

    NEW YORK— Dish Network and Sinclair Broadcast Group, one of the largest TV broadcasters in the U.S., said Wednesday they've agreed on the outline of a new contract, one day after Sinclair's channels went dark for Dish customers. Sinclair's channels include affiliates of ABC, CBS, CW, Fox and NBC in markets throughout the country, including Washington DC, Seattle/...

  • Puerto Rico power company drops Petrobras in new deal Tuesday, 25 Aug 2015 | 4:13 PM ET

    SAN JUAN, Puerto Rico— Puerto Rico's heavily indebted power company said Tuesday that it signed a contract to replace Brazilian oil giant Petrobras as the island's main fuel supplier in a bid to save money as a restructuring deadline looms. The Electric Power Authority said the deal with Connecticut- based Freepoint Commodities will help save $25 million the...

  • *Company is under investigation by Hong Kong market watchdog. HONG KONG, Aug 25- Hanergy Thin Film Power Group Ltd, which is being probed by Hong Kong regulators after its stock suddenly plunged, will have to convince shareholders about its outlook after it cut ties with its parent, which last year alone bought about two-thirds of its solar panel making equipment.

  • *Company is under investigation by Hong Kong market watchdog. HONG KONG, Aug 25- Hanergy Thin Film Power Group Ltd, which is being probed by Hong Kong regulators after its stock suddenly plunged, will have to convince shareholders about its outlook after it cut ties with its parent, which last year alone bought about two-thirds of its solar panel making equipment.

  • CAIRO, Aug 23- A state oil firm loyal to Libya's official government based in the east of the country has invited foreign oil firms to discuss existing oil purchase contracts at a conference in Dubai next month, it said in a statement. The move is a fresh attempt by Libya's internationally recognised government to control state oil firm NOC, which is at the centre of...

  • UPDATE 1-Fedex reaches tentative agreement with pilots Thursday, 20 Aug 2015 | 8:16 PM ET

    Aug 20- FedEx pilots tentatively agreed with the package delivery company on an amended collective bargaining agreement, the Air Line Pilots Association said. Fedex and its pilots have been negotiating on employment conditions since 2011. FedEx management filed for a mediation process with the National Mediation Board in October 2014.

  • SAO PAULO, Aug 20- Brazilian retailer GPA SA said on Thursday it, along with holding company Wilkes Participacoes, would pay 212.46 million reais to Morzan Empreendimentos to settle arbitration over its takeover of home appliances retailer Globex.

  • Fedex reaches tentative agreement with pilots Thursday, 20 Aug 2015 | 6:39 PM ET

    Aug 20- FedEx pilots tentatively agreed with the package delivery company on an amended collective bargaining agreement, the Air Line Pilots Association said. Fedex and its pilots have been negotiating on employment conditions since 2011. FedEx management filed for a mediation process with the National Mediation Board in October 2014.

  • Aug 7- Zynga Inc reached a $23 million settlement to end litigation accusing the gaming company known for "FarmVille" of defrauding shareholders about its business prospects before and after its December 2011 initial public offering. In its quarterly report made public on Friday, Zynga said the settlement in principle was reached this week through mediation...

  • Aug 7- Zynga Inc reached a $23 million settlement to end litigation accusing the gaming company known for "FarmVille" of defrauding shareholders about its business prospects before and after its December 2011 initial public offering. In its quarterly report made public on Friday, Zynga said the settlement in principle was reached this week through mediation...

  • State-owned KNPC commissioned a consortium including Spain's Tecnicas Reunidas, China's Sinopec and South Korea's Hanwha Engineering and Construction to build the main process units of the refinery, KUNA said. A consortium including Daewoo Engineering and Construction, Hyundai Heavy Industries and Fluor Corp of the United States will build support...

  • KNPC commissioned a consortium including Spain's Tecnicas Reunidas, China's Sinopec and South Korea's Hanwha Engineering and Construction to build the main process units of the refinery. A consortium including Daewoo Engineering and Construction, Hyundai Heavy Industries and Fluor Corp of the United States will build support units and infrastructure...

  • HOUSTON, July 27- Petroleos de Venezuela has asked oil suppliers to submit offers to sell the South American country up to 70,000 barrels per day of ultralight sweet crudes through contracts of one to five years, potential bidders told Reuters. Even though the OPEC- member nation has the world's largest oil reserves, it does not produce enough light, sweet crude.

  • LONDON, July 20- British engineering company Rolls-Royce, under pressure after successive profit warnings, said its aero-engine business won two new contracts totalling $2.23 billion. The other contract was to supply International AirFinance Corporation with Trent 700 engines for 20 of the same jets in a $930 million deal. "We welcome our customer's...

  • OTTAWA, July 15- The Bank of Canada cut its key interest rate by 1/ 4 percentage point to 0.5 percent on Wednesday, saying an unexpected economic contraction in the first half of the year had added to excess capacity and put downward pressure on inflation. Bank of Canada Governor Stephen Poloz had expected a recovery by now from the oil price crash that hit Canada's...

  • MLB's Manfred: Worried by bloated contracts, not A-Rod Monday, 13 Jul 2015 | 11:13 PM ET
    Rob Manfred speaks at a press conference after being elected by team owners to be the next commissioner of Major League Baseball.

    In his first All-Star game as MLB commissioner, Rob Manfred says he is encouraged by the efforts to speed up the game of baseball.

  • The Democrats wrote to the Army inspector general to query a contract they said Ingersoll Rand received from the Army Corps of Engineers, as well as to the Department of Homeland Security's inspector general to demand an investigation into reports that the company had been cleared for federal contracts. "We were dismayed to learn that Ingersoll-Rand has been...