British Steel back in profit after spin-off from Tata


SCUNTHORPE, England British Steel has returned to profit in its first 100 days of trading after being spun off as a loss-making division in April by India's Tata Steel after it decided to exit the troubled British steel sector.

Wal-Mart in talks to buy stake in Indian online retailer Flipkart - sources 29 Sep 2016

MUMBAI/HONG KONG Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two people familiar with the matter said, as the world's biggest retailer aims to break into a fast growing but highly competitive online retail market.

GAIL buys three LNG cargoes for Nov-Dec - trade sources 28 Sep 2016

NEW DELHI Gas firm GAIL (India) Ltd has bought three cargoes of liquefied natural gas (LNG) for deliveries in November and December, two trade source said.

ING selling $300 million Kotak Mahindra stake - term sheet 28 Sep 2016

MUMBAI Dutch financial services company ING Group is selling a $300 million stake in Indian lender Kotak Mahindra Bank Ltd in a block trade on Thursday, according to a deal term sheet seen by Reuters.

Canada approves $27 billion LNG complex; Petronas in no rush to start 28 Sep 2016

RICHMOND, British Columbia/KUALA LUMPUR Malaysia's Petronas said it would review a proposed C$36 billion ($27.25 billion) liquefied natural gas (LNG) project in western Canada after Ottawa approved the project with conditions to limit the environmental impact.

SABMiller shareholders comfortably back AB InBev takeover offer 28 Sep 2016

LONDON SABMiller shareholders backed the brewer's $100-billion-plus takeover by rival Anheuser-Busch InBev by a large majority on Wednesday, paving the way for one of the biggest corporate mergers in history.

Sears hitches a ride with Uber to make rewards plan more attractive 28 Sep 2016

Sears Holdings Corp is partnering with ride-services company Uber Technologies Inc as the struggling retailer tries to make its rewards program more attractive to shoppers.

Twitter could take many forms, depending on new owner 28 Sep 2016

SAN FRANCISCO With speculation mounting that Twitter Inc will soon have a new corporate owner, the 10-year-old social networking service - which has long struggled to define its core purpose -may end up heading in one of several distinctly different directions depending on who ends up paying for it. | Video

China's Wanda in talks to buy Hollywood's Dick Clark Productions 28 Sep 2016

SAN FRANCISCO Chinese property-to-entertainment conglomerate Dalian Wanda is in talks to buy a controlling stake in Dick Clark Productions, the company that runs the Golden Globe awards and Miss America pageants, as it expands a growing Hollywood portfolio. | Video

Singapore's BandLab to buy 49 percent of Rolling Stone 26 Sep 2016

SINGAPORE Singapore's BandLab Technologies will buy 49 percent of Rolling Stone magazine from publisher Wenner Media and plans to expand the business into new markets and boost its profile in Asia, the two companies said in a statement.