Business

Hedge fund veteran William Ackman has the support of some of Wall Street's top investors as he tries to pull off the biggestever deal carried out by a blankcheck acquisition company, according to regulatory filings published in the last few days.

A Federal Reserve official widely considered a frontrunner to be tapped as Presidentelect Joe Biden's Treasury Secretary is urging universities and government agencies to make the field of economics more inclusive.

Tobacco company Imperial Brands reported higher fullyear sales on Tuesday, as demand for tobacco offset a drop in its ecigarette business.

The S&P 500 and Dow Jones industrial average notched record closing highs on Monday as news of another promising coronavirus vaccine fanned hopes of eradicating COVID19, while spiking infections and new shutdowns threatened to hobble a recovery from the p...

The World Health Organization (WHO) welcomed Moderna reporting on Monday that its experimental vaccine showed 94.5% efficacy but said that "many questions" remained and it was no time for complacency.

A gauge of global stocks hit a record on Monday as the latest batch of positive data for a possible COVID19 vaccine boosted sentiment, along with signs of economic recovery in Asia, while oil prices jumped.

Prime Minister Boris Johnson is pushing ahead with legislation that will deliberately breach the European Union exit treaty signed in January, despite warnings that it could wreck trade deals with the EU and the United States.

Time spent playing video games can be good for mental health, according to a new study by researchers at Oxford University.

Hungary plans to veto the European Union's 202127 budget and its postCOVID recovery scheme, and Poland could follow suit as both object to a proposal to make funding conditional on member states' adherence to the rule of law.

PNC Financial Services Group said Monday it is buying the U.S. subsidiary of Spains BBVA bank for $11.6 billion in cash.

Lyft scored a major victory when California voters passed Proposition 22, allowing appbased companies to treat drivers as contractors instead of employees and saving the company from what many anticipated would be crippling expenses.

Reliance Industries Ltd said on Sunday it has bought a 96% stake in online furniture retailer Urban Ladder for Rs 1821.2 million ($24.4 million), furthering its attempt to expand its presence in India's online retail market.

Wall Street jumped on Friday as encouraging earnings stoked risk appetite and Presidentelect Joe Biden's COVID advisory team said it was not considering a nationwide shutdown, but oil prices slid as Libyan output rose and investors worried the resurgent p...

Wall Street gained ground on Friday with upbeat earnings reports helping to drive optimism about the economy even as investors weighed a current surge in virus cases against hopes for successful COVID19 vaccines.

General Motors Co said on Friday it is recalling 68,677 electric cars worldwide that pose a fire risk after five reported fires and two minor injuries.

Japan is set to break with its ageold tradition of requiring citizens to use personal seals to stamp all official documents, scrapping their use in nearly 15,000 administrative processes, an official at the Cabinet Office said on Friday.