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Kraft Heinz withdraws $143B bid to buy Unilever

Sun, 19 Feb 2017 19:46:35 GMT2017-02-19T19:46:35Z

NEW YORK (AP) -- Ketchup maker and packaged food giant Kraft Heinz has withdrawn a $143 billion offer to buy Unilever, backing away after the mayonnaise, tea and seasonings maker rejected the bid as too low....



UAE seals deal with China's CNPC for onshore oil project

Sun, 19 Feb 2017 14:15:52 GMT2017-02-19T14:15:52Z

DUBAI, United Arab Emirates (AP) -- The United Arab Emirates' main state oil company has signed a deal giving China National Petroleum Company an 8 percent stake in a major onshore oil project....



The fiduciary rule and you

Sun, 19 Feb 2017 14:01:46 GMT2017-02-19T14:01:46Z

President Donald Trump's administration is working to dismantle a complex set of financial rules including the "fiduciary rule," which requires certain financial professionals to act in their clients' best interests when providing retirement advice....



Citigroup CEO Corbat takes home $15.5 million for 2016

Fri, 17 Feb 2017 22:36:10 GMT2017-02-17T22:36:10Z

NEW YORK (AP) -- Citigroup's board of directors is awarding CEO Michael Corbat a pay package worth $15.5 million for 2016, down from $16.5 million in 2015....



Business Highlights

Fri, 17 Feb 2017 22:30:20 GMT2017-02-17T22:30:20Z

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Bank of America CEO Moynihan gets 25 percent pay raise

Fri, 17 Feb 2017 22:15:36 GMT2017-02-17T22:15:36Z

NEW YORK (AP) -- Bank of America CEO Brian Moynihan is getting a big pay raise this year....



Kraft Heinz, TrueCar rise; Campbell Soup, Nu Skin fall

Fri, 17 Feb 2017 21:34:14 GMT2017-02-17T21:34:14Z

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday:...



Aetna fattens shareholder payout after Humana deal fails

Fri, 17 Feb 2017 21:11:47 GMT2017-02-17T21:11:47Z

Aetna is doubling the quarterly dividend it pays shareholders and buying back stock as it regroups from its failed attempt to acquire rival health insurer Humana....



Markets Right Now: Late push renews records for US indexes

Fri, 17 Feb 2017 21:11:45 GMT2017-02-17T21:11:45Z

NEW YORK (AP) -- The latest on developments in financial markets (All times local):...



BMW recalling 19,000 i3 plug-in hybrids for fire risk

Fri, 17 Feb 2017 20:47:16 GMT2017-02-17T20:47:16Z

DETROIT (AP) -- BMW AG is recalling more than 19,000 i3 REx plug-in hybrids in the U.S. because they could develop a fuel vapor leak that would increase the risk of a fire....