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Deals Headlines

Germany encouraged over Opel jobs, but UK union worries

BERLIN/LONDON Initial talks between the German government and carmakers PSA and General Motors have led to some encouraging signs that jobs at Opel factories will be preserved, though no guarantees have been made yet, a top official said on Monday.

Alibaba expands bricks-and-mortar retail push with Bailian deal

BEIJING China's Alibaba Group Holding Ltd said it formed a strategic partnership with Bailian Group, the largest retailer by store numbers to join the e-commerce giant's drive to use big data to improve and profit from brick-and-mortar sales.

Kraft walks away from 'friendly' bid for Unilever

NEW YORK U.S. food company Kraft Heinz Co withdrew its proposal for a $143-billion merger with larger rival Unilever Plc, the companies said on Sunday, raising questions about whether Kraft will turn its focus to another target.

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