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Whole Foods plans to cut about 1,500 jobs
Upscale food market operator Whole Foods Market Inc said it would cut about 1,500 jobs, or about 1.6 percent of its workforce, over the next eight weeks.
Pipeline giants strike deal for $38 billion merger
Oil and gas pipeline firm Energy Transfer Equity reached a deal to acquire another pipeline giant, The Williams Companies, in a transaction valued at $37.7 billion including debt.
Apple sells 13 million iPhones in opening weekend record
Apple's iPhone 6S and 6S Plus were released last week and have already clocked up record sales figures. The company says that it sold more than 13 million new devices over the weekend, a new record for the iPhone. "Sales for iPhone 6Sand iPhone 6S Plus have been phenomenal,...
Volkswagen under fire: Former CEO under investigation
Prosecutors in the German state of Lower Saxony launch a criminal investigation into former CEO Martin Winterkorn.
Alcoa stock jumps on plan to split into 2 companies
Alcoa Inc., the top U.S. aluminum maker, will break itself up by separating manufacturing operations from a legacy smelting and refining business that’s struggling to overcome booming production from China.
Comcast to buy majority stake in Universal Studios Japan
Comcast Corp. is spending $1.5 billion to buy a 51% stake in Universal Studios Japan, in a deal it calls its biggest international investment.
Mercedes tops list of carmakers overstating fuel economy
Mercedes-Benz topped a European lobbying group’s list of carmakers to overstate fuel economy for the second year in a row in an annual study that may receive extra scrutiny amid Volkswagen AG’s diesel-engine test scandal.
Consumer spending rises more than expected
Household spending climbed more than forecast in August and incomes also rose as the biggest part of the U.S. economy continued to power past a global slowdown.
Watchdog probes major banks over precious metals pricing
Swiss regulators have opened an investigation into possible manipulation of the precious metals market by several major banks.
Apple sells record number of new iPhones
Apple sold more than 13 million iPhone 6s and iPhone 6s Plus units three days after their launch, the company said.
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