Our Great City
Updated: 4 min 41 sec ago
Missouri-based Great Plains Energy said it agreed to buy Kansas’s Westar Energy for roughly $8.6 billion in a move the utilities hope will lead to more controlled costs and consumer rates.
Suzuki Motor said it used an improper fuel economy testing method on more models than it had previously announced, the latest revelation in a scandal that has rocked the Japanese auto industry.
Chinese companies are binge-building thermal power plants to take advantage of cheap coal and create jobs, though they are compounding an oversupply of power and complicating a government plan to shift to cleaner energy sources.
Michael Dell and Silver Lake underpaid by more than 20% when they took Dell Inc. private three years ago for $24.4 billion, a Delaware judge ruled.
Volkswagen swung to a profit in its first quarter on the absence of new emissions-related charges, but operating earnings plunged at its large Volkswagen-brand unit and in China.
Gauges of U.S. consumer confidence are sending mixed signals, fostering uncertainty about whether the recent pickup in consumer spending will be sustained into the summer months.
Lead independent director Frederic Salerno said in a letter to Viacom constituencies the board is preparing for a legal battle to keep their seats because they don’t believe controlling shareholder and former chairman Sumner Redstone has the mental capacity to act of his own free will.
Activist investor Carl Icahn said he has taken a “large position” in Allergan and threw his support behind the pharmaceutical company’s CEO, Brent Saunders.
Google, Facebook, Twitter and Microsoft have agreed with the European Union to remove from their websites information visible in Europe that incites hatred or acts of terror to help combat the growing threat of terrorism on the continent.
Jazz Pharmaceuticals agreed to buy Celator Pharmaceuticals in a roughly $1.5 billion deal that represents a huge premium for a company with a promising leukemia drug but no revenue.
Home prices rose strongly in March, the latest sign the housing market has momentum heading into the critical spring selling season.
Consumer spending advanced at the fastest pace in nearly seven years in April—jumping 1.0%— in the latest sign the economy is improving after a sluggish start to the year.
The U.S. Chamber of Commerce will deploy influential Republicans to raise funds for tight Senate races, aiming to keep the GOP from losing control of the Senate in November.
Several American and international business groups signed a draft letter of protest against proposed Chinese regulations for the insurance sector that they say could result in discrimination against foreign technology companies.
Starbucks said it was adding new cold coffee offerings, including Nitrogen-infused coffee, in seven major U.S. cities this summer.
The challenges that accident investigators are facing locating crash recorders from EgyptAir Flight 804 almost two weeks after the plane went down is reinforcing efforts by Airbus to find alternative ways to tap crucial flight data from lost aircraft.
The cultural dominance of venture capital and hypergrowth for startups is provoking a backlash in tech, with some VCs and founders working on a more “organic” way to grow new businesses.
Two Hollywood franchises turned in disappointing box-office performances on Memorial Day weekend. “Alice Through The Looking Glass” flopped, while the superhero sequel “X-Men: Apocalypse” opened to $80 million.
Key companies in the portfolio of web-retailing group Rocket Internet narrowed their adjusted losses in the first quarter.
Airbus is studying whether to upgrade its new A330neo jetliner to blunt the range advantage of the plane’s main rival, Boeing’s 787-9 Dreamliner.