Business Events


  • SINGAPORE, Sept 8- The plan to save Malaysia Airlines could succeed where past endeavours have failed because the government has finally put politics aside by agreeing to sweeping job cuts, people briefed on the restructuring told Reuters. Flight MH370 remains missing since it disappeared en route to Beijing in March and MH17 was shot down over Ukraine in July.

  • DETROIT, Sept 5- Detroit could not afford to undertake a series of necessary improvements without a court-approved plan to shed a chunk of its debt, a city consultant testified on Friday at a U.S. Bankruptcy Court hearing.

  • DETROIT, Sept 5- Detroit could not afford to undertake a series of necessary improvements without a court-approved plan to shed a chunk of its debt, a city consultant testified on Friday at a U.S. Bankruptcy Court hearing.

  • Sept 5- Starbucks Corp on Friday announced two new types of stores aimed at capturing the growing demand for upscale reserve coffee and a separate test of an "express" store in Manhattan offering speedy service in a city where a " New York minute" is more like a nanosecond.

  • DETROIT, Sept 4- Revenue projections in Detroit's debt adjustment plan will be hard to achieve, but restructuring initiatives will bring in new money and help make Detroit's plan feasible, Detroit's chief financial officer said Thursday in the city's historic bankruptcy hearing.

  • DETROIT, Sept 4- Detroit's chief financial officer took the stand on Thursday as the first witness in the city's historic bankruptcy hearing, testifying that while he believed Detroit's debt adjustment plan can be implemented, it cannot be set in stone.

  • *ECB cuts key interest rates to record lows. LONDON, Sept 4- Most euro zone bond yields and money market rates dropped on Thursday after the European Central Bank cut interest rates and announced plans to buy assets, in a bid to stimulate the faltering euro-zone economy.

  • Market Basket back to work  Friday, 29 Aug 2014 | 3:20 PM ET

    Facilities and operations manager at Market Basket Steve Paulenka, and Tom Trainor, Market Basket district grocery supervisor, discuss the resolution of the dispute between cousins Arthur T. and Arthur S. Demoulas which initially cost both men their jobs.

  • Roche to purchase InterMune in $8.3 billion deal Sunday, 24 Aug 2014 | 12:27 PM ET

    Biotech firm Roche announced plans Sunday to buy InterMune for $8.3 billion on a fully diluted basis in an all-cash transaction.

  • Citi to US: Argentina banking license at risk Tuesday, 19 Aug 2014 | 1:40 PM ET

    Citigroup told the US appeals court that Argentina's banking license may be at risk as a result of the standoff between the country and hedge funds.

  • Electrolux, Quirky in talks to buy GE unit: Report Thursday, 14 Aug 2014 | 1:14 AM ET

    General Electric is reportedly in talks with Electrolux and Quirky to sell its household appliances unit, Bloomberg reported, citing people familiar with the matter.

  • Walgreen confirms Boots takeover in non-inversion deal Wednesday, 6 Aug 2014 | 6:21 AM ET
    A Walgreens store on June 19, 2012 in San Francisco, California.

    U.S. giant Walgreen announced a near-£6 billion ($10.1 billion) deal to buy the remaining stake in U.K. drugstore chain Alliance Boots.

  • Reynolds, Lorillard to reshape Big Tobacco Friday, 11 Jul 2014 | 3:55 AM ET

    Reynolds American and Lorillard are agreeing a complex merger that will reshape Big Tobacco, bringing together the two biggest US operators.

  • Crumbs shows risks of being a one-hit wonder Wednesday, 9 Jul 2014 | 6:24 AM ET
    A selection of cupcakes is seen at Crumbs Bake Shop.

    When Crumbs shuttered its remaining stores, it seemed like an abrupt ending for a company that opened a decade ago to ride the wave of popularity of the sugary treat.

  • Big tech supports San Francisco Pride  Friday, 27 Jun 2014 | 2:44 PM ET

    CNBC's Josh Lipton reports from San Francisco where one of the biggest gay pride parades is taking place. Apple and Google are among the big tech companies participating.

  • Bitcoin's Mt.Gox gets US bankruptcy protection Wednesday, 18 Jun 2014 | 3:50 AM ET
    This photo illustration shows a man looking at the bitcoin exchange website of Mt. Gox in Tokyo last February.

    The failed Tokyo-based bitcoin exchange, Mt.Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States.

  • Why are so many M&A deals being pulled? Wednesday, 4 Jun 2014 | 7:51 AM ET

    The value of potential takeovers yanked from the market is at its highest level since the height of the global credit crisis in 2008.

  • The next UK pharma takeover target may be… Tuesday, 3 Jun 2014 | 8:46 AM ET
    30mg tablets of Shire Plc's Adderall XR.

    There is market rumor and speculation that Dublin-based, U.K.-listed pharma company Shire is a takeover target.

  • Apple-Beats deal criticism is 'unfair': Cramer Thursday, 29 May 2014 | 9:50 AM ET
    Jim Cramer on "Squawk on the Street."

    Apple's $3 billion acquisition of Beats is not a needle mover for the stock, but it makes sense, CNBC's Jim Cramer said.

  • Should Warren Buffett buy Kellogg? Tuesday, 13 May 2014 | 4:46 PM ET

    Kellogg shares are up roughly 10 percent this year amid speculation Buffett might acquire the company, but not everyone is sure it's a good idea.