Business

Martin Williams' greatgrandfather founded their CocaCola distribution business in Corinth, Mississippi, in 1907, just a handful of years after Coke was first sold in bottles across the United States.

Britain's accounting regulator said on Thursday it has fined Deloitte a record 15 million pounds ($19.4 million) for its audit of software firm Autonomy that contained "serious and serial failures".

The Federal Reserve on Wednesday vowed to keep interest rates near zero until inflation is on track to overshoot the U.S. central bank's 2% target, a bold new promise aimed at bringing millions of outofwork Americans back to the labor market.

Sony's upcoming PlayStation 5 video game console will cost $500 and launch Nov. 12, the company said Wednesday, setting up a holiday battle with Microsoft's Xbox Series X over whose new console will turn up under more trees this year.

The Federal Reserve kept interest rates pinned near zero on Wednesday and made a bold, new promise: to keep them there until inflation is on track to "moderately exceed" the U.S. central bank's 2% inflation target "for some time."

Sri Lanka is seeking at least 340 million rupees ($1.89 million) from the owners of the stricken supertanker New Diamond for assistance rendered to the vessel since it caught fire on Sept. 3, the coordinating officer to its attorney general said.

Gold prices rose on Wednesday, helped by a subdued dollar as investors bet on dovish monetary cues from the U.S Federal Reserve when it announces its policy decision later today.

The head of the European Commission said on Wednesday the chances of reaching a trade deal with Britain were fading by the day as the British government pushes ahead with moves that would breach their divorce treaty.

ONGC Videsh Ltd (OVL), the overseas investment arm of the state-owned firm, as also its Chinese partner CNPC and Malaysia's Petronas have withdrawn from the block, a top company official said.

A House committee issued a scathing report Wednesday questioning whether Boeing and government regulators have recognized the problems that caused two deadly 737 Max jet crashes and whether either will be willing to make significant changes to fix them.

Oil prices rose for a second day on Wednesday, gaining more than 2%, as a hurricane closed U.S. offshore oil and gas production and an industry report showed U.S. crude inventories decreased.

Gold prices held steady on Wednesday as investors awaited the outcome of the U.S. Federal Reserve's policy meeting, hoping for details of the central bank's plans to balance interest rates against its inflation target.

The United States on Tuesday blacklisted a Chinese developer of a port, airport and resort complex in Cambodia, saying it was built on land seized from local people and there were "credible reports" it could be used to host Chinese military assets.

Kraft Heinz said Tuesday that it is selling its natural cheese business including its Cracker Barrel and Breakstones brands to French dairy company Lactalis Group as part of a larger restructuring.

Goldman Sachs Group has made changes at the top of its natural resources investment banking team, including handing sole responsibility for leading the group to Suhail Sikhtian, according to a memo seen by Reuters on Tuesday.

Tech stocks pushed Wall Street's main indexes higher on Tuesday as positive U.S. factory data fueled optimism around an economic rebound, while investors looked for continued support from the Federal Reserve as its twoday meeting got underway.