Shares in French car maker Peugeot Citroën soared after it emerged the company is in talks with U.S. auto giant General Motors about a possible alliance.

Alibaba Group plans to take its publicly traded Alibaba.com unit private in a $2.3 billion deal to shore up the business-to-business portal.

Royal Dutch Shell made a proposed $1.57 billion cash offer to buy the U.K.-listed Cove Energy, marking the company's first foray into Kenya and Mozambique.

Republicans and business groups complain that the 35 percent corporate tax rate is among the highest in the world, leaving American companies at a disadvantage.

Citigroup is facing a multibillion-dollar write-down as it begins unwinding its minority investment in the Morgan Stanley Smith Barney brokerage.

France Télécom posted a drop in its net profit for 2011 and said competitive pressures are likely to intensify as regulations become more stringent and taxes rise in key markets.

Wynn Resorts defended its move to oust major shareholder Kazuo Okada, saying the board acted out of an obligation to protect the company and its shareholders.

An online posting for a job at a Tesco supermarket has sparked a national controversy over whether a government program created to help tackle the U.K.'s youth-unemployment crisis is exploiting young, out-of-work Britons.

U.K. energy company Centrica has reached an agreement with French oil major Total SA to buy its oil and gas assets in the central North Sea for $388 million.

The court’s decision in a new case has the potential to undo an accommodation on affirmative action in higher education reached by the court in 2003.