Blackstone Group LP has reached a deal to sell a Manhattan office tower for about $2.25 billion to a venture led by Canadian property investor Ivanhoe Cambridge, the Wall Street Journal reported, citing people familiar with the terms of the sale.
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Oil price rout to curb U.S. drilling costs even with mega merger
Low oil prices that threaten producers' profits may be a boon in one way, as they force service companies to keep prices low for the drill bits, cement and piping for oil extraction, even if two of the largest providers of such products merge.
In Pentagon deal with Russians, big profit for tiny Florida firm
For months, a powerful U.S. senator has been pushing for details of a murky deal under which a Russian manufacturer supplies the rocket engines used to launch America’s spy satellites into space.
U.S. auto regulator seeks nationwide recall of Takata air bags
The U.S. auto safety regulator on Tuesday called on Japanese supplier Takata and five automakers to expand nationwide a regional recall of potentially deadly air bags, increasing pressure on the industry to act more swiftly in the growing scandal.
Nokia announces new brand-licensed tablet computer
Finland's Nokia (NOK1V.HE) announced a brand-licensed tablet computer which runs on Google's (GOOGL.O) Android platform, just six month after the company sold its ailing phones and devices business to Microsoft (MSFT.O) for over $7 billion.
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Swiss cement maker Holcim (HOLN.VX) said on Tuesday it expected to have selected buyers for assets it must divest to push through its merger with France's Lafarge LAPF.PA by the end of January.
U.S. power company NRG Energy Inc aims to grab a bigger piece of the residential solar industry by expanding its business in California, the nation's biggest solar market, and offering a new financing option to its customers.
Backers of the Keystone XL oil pipeline hope a vote in the U.S. Senate late on Tuesday will send a bill to the desk of President Barack Obama.
Russian airlines are facing a drop in passenger numbers because of the Ukraine crisis, prompting some analysts to expect fleet reductions and possible state support next year to cope with deepening losses.
Australia and India will push for a free trade pact, Australian Prime Minister Tony Abbott and Indian Prime Minister Narendra Modi said on Tuesday during a rare state visit to Canberra by an Indian leader.
Toyota Motor Corp on Monday said it will introduce its first mass-market fuel cell car in the United States next year, hoping to replicate the success of its Prius hybrid with a vehicle that runs on hydrogen instead of gasoline.
President Barack Obama's executive action on immigration is expected to include some modest changes to make it easier for technology companies to retain high-skilled workers frustrated by long and unpredictable waits for green cards.
Apple Inc's app store in China now accepts payments made using China's UnionPay credit and debit cards, the iPhone maker said on Monday, making purchases easier for users in Apple's second-largest app market.
Rocket Internet (RKET.DE), the global e-commerce investor, expects to launch at least another 10 start-ups in 2015 and said it would work more closely with Facebook (FB.O) on advertising.
