Procter & Gamble to name veteran David Taylor as new CEO
The 35-year insider will replace A.G. Lafley, who will remain as chairman to help with leadership transition.
Teva to acquire Allergan's generic drugs unit for $40.5bn
Teva will pay $33.75bn in cash and offer $6.75bn of its stock for Allergan.
Fiat Chrysler gets record $105m US fine over lapses in safety recalls
Carmaker would also have to buy back more than 500,000 Ram pickup trucks and other vehicles under agreement with NHTSA.
Apple, Microsoft, Google and other US firms to commit $140bn to address climate change
Bank of America, General Motors, Cargill, Wal-Mart Stores, Coca-Cola and PepsiCo will also contribute.
AirAsia blasts Malaysia airport operator for 'sinking' new terminal in Kuala Lumpur
AirAsia boss Tony Fernandes highlights risks of cracks in taxiway.
Great Scotland Yard sold to Indian billionaire Yusuffali Kader for £110m
Kader's Lulu Group and Steigenberger to turn property into luxury hotel with suites costing up to £10,000 a night.
UK house prices inflated by foreign criminals by laundering billions via luxury properties
Donald Toon, director of economic crime at NCA, says property market skewed by laundered money.
Gold prices plunge to new 5.5-year low on strong dollar, silver hits 6-year low
Gold prices closed at $1,085.50 per ounce on 24 July, down 0.79% or $8.60, on Comex.
Nokia's €15.6bn acquisition of Alcatel-Lucent gets European Commission approval
Regulator says deal will not hamper competition as Ericsson and Huawei are already there.
US Fed data leak shows staff expect interest rate to increase
As per staff projections, Fed will increase benchmark rates to 0.35% by end of 2015 from 0.13%.
Anglo American to cut 6,000 jobs to counter low commodity prices
Company looks to save $500m via various cost cutting measures, as it posted a huge loss for the first half.
China's manufacturing sector contracts for 5th straight month in July
Flash Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) declined to 48.2, the lowest reading since April 2014.
Forbes Asia Fabulous 50: China's Tencent and India's HDFC Bank bag top honours
Baidu, Lenovo, TCS and Tata Motors also on prestigious list.
Japan's Meiji Yasuda acquiring StanCorp of US for $5bn
Move comes as Japanese insurers look abroad for growth amid domestic slowdown.
AT&T secures FCC nod to complete $48.5bn deal with DirecTV
At least three of five FCC commissioners voted in favour of deal with conditions.
Qualcomm to cut 15% of workforce and consider break-up
Qualcomm's third quarter revenues fell 14.3% to $5.83bn — the first quarterly fall in five years.
Bank of America CFO Bruce Thompson steps down
Thompson will be replaced by Paul Donofrio with effect from 1 August.
US Senator calls on regulators to probe Apple for antitrust violations in music streaming market
Senator Al Franken said regulators need to ensure meaningful competition in ever-evolving digital music industry.
Versace-designed Aykon Tower flats in Nine Elms to cost £711,000 and more
The 57-storey skyscraper will have 360 apartments and be completed in 2020.
Roger Federer is world's most marketable sports star despite Wimbledon loss
Tennis stars dominates latest top 20 power list prepared by London School of Marketing.
Toshiba sells stake in elevator maker Kone for €864.7m to bolster books
Toshiba Elevator and Building Systems sells Kone shares to institutional investors.
Gold prices remain under pressure after hitting 5-year low
Bullion is trading down 1.11% at 1,091.20 per ounce on Comex as at 6.51am GMT.
Toyota delays plan to build Lexus vehicles in China
Slow growth in China's auto market and lower manufacturing costs in Japan delay Toyota's new assembly line in China.
US telecom and antitrust regulators signal approval for $48.5bn AT&T-DirecTV deal
US Federal Communications Commission and Justice Department expected to announce their approval soon.
Audi, BMW and Daimler near deal to buy Nokia Here Maps for over €2.5bn
The German auto makers outbid Silicon Valley rivals and plan to create an open platform, according to WSJ.
Qualcomm likely to announce thousands of job cuts and company break-up
The company is preparing to lay off thousands of employees due to challenges in the high-end smartphone business.
Pearson said to be exploring sale of Financial Times for £1bn
Germany's Axel Springer SE as well as investors in Europe, the Middle East and Asia are expected to be potential bidders.
Rolls-Royce secures £1.4bn worth of Trent 700 engine contracts
New contracts are a relief for Rolls Royce, after it cut profit outlook for third time in just over a year.
Brics-promoted New Development Bank opens in Shanghai
Bank was officially launched at last BRICS summit in Russian city of Ufa earlier in July.
Turkey targets international partners to boost defence exports to $25bn by 2023
Turkey is looking for co-production and technology transfer agreements at a conference to be held in Ankara on 10-12 November.
