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A UAE-based tea trading company owned by Chai Trading Company (CTCL), a wholly-owned subsidiary of giant Kenya Tea Development Agency (KTDA) Holdings Ltd, has lost a battle to prevent a Sh122.67 million levy. Claim from Kenya Revenue…

(Reuters) - A US appeals court on Friday suspended the approvals and permits needed to allow a residential project to be built Morgan's children (NYSE:) subsidiary to build a 32-mile gas pipeline in Tennessee, at the request of…

By Ananta Agarwal (Reuters) - Used car retailer CarMax Inc beat Wall Street estimates for second-quarter revenue on Thursday as price cuts on used vehicles boosted unit sales, especially in the retail segment, sending its shares up 6.4…

(Reuters) - The United Auto Workers union said on Wednesday it has set a strike deadline at Ford Motor Co's (NYSE:F) tool and die unit at the River Rouge complex over local contract issues. Ford's Rouge complex, which employs about 6,000…

JHVEPhoto/iStock Editorial via Getty Images ByblosNew York Stock Exchange: JBL) Signed an MoU with the Government of Tamil Nadu to expand operations in Tiruchirappalli, India, at an investment of Rs. 2,000 crore. The agreement, signed…

Minority shareholders in Uganda’s EABL subsidiary Uganda Breweries Limited (UBL) are set to receive a windfall of up to 34 times their historical investment in the company when they sell their 1.81 percent stake to EABL through a tender…

By Daniel Leussink and Maki Shiraki KINOKAWA, Japan (Reuters) - Panasonic Holdings Corp said on Monday its power unit has completed preparations to mass-produce 4680 batteries for electric vehicles as it seeks to start supplying cells to…

(Expand distribution.) ZURICH (Reuters) - Nestle intends to keep its health sciences unit, Chairman Paul Bulcke said in a newspaper interview published on Sunday, after the food giant announced it would replace Chief Executive Mark…

Victor Gollmer/iStock Editorial via Getty Images Nestlé Chairman Paul Bulcke said in an interview with the Neue Zurich am Sonntag newspaper published on Sunday that the company plans to retain ownership of the health sciences unit. The…