Markets

McLaren are selling a minority stake in their Formula One team to a consortium of U.S.-based investors in a deal that will value the British racing outfit at 560 million pounds (US$740.49 million), Sky News reported on Saturday, citing sources.

Twitter Inc said on Saturday it had "inadvertently" limited engagements for a brief period on U.S. President Donald Trump's tweets with "disputed" labels but later reversed its action.

Virgin Galactic Holdings Inc cut short a test flight of its suborbital SpaceShipTwo Unity plane on Saturday, safely returning its pilots to Spaceport America in New Mexico after the rocket motor's ignition sequence failed to complete.

Apple Inc Chief Executive Tim Cook on Saturday called on governments and businesses to implement stronger climate targets starting next year, during remarks at the United Nations' Climate Ambition Summit.

PARIS: France's blue-chip CAC-40 companies threw their support behind global recommendations on climate risk disclosures, a major Paris business organisation said on Saturday (Dec 12). All 40 companies on the benchmark index endorsed the code developed by the international Task Force on Climate ...

British aero-engine maker Rolls-Royce Holdings Plc is beginning a search for its next chairman, Sky News reported on Saturday.

AstraZeneca Plc will acquire U.S. based Alexion Pharmaceuticals in a US$39 billion deal, the company said in a statement on Saturday.

Fiat Chrysler Chief Executive Mike Manley is in pole position to take over the top job at Ferrari, Italian daily Il Messaggero said on Saturday in an unsourced report.

Italian prosecutors have completed a probe into Vivendi's Vincent Bollore and Arnaud De Puyfontaine for alleged market manipulation and obtruction of regulators, the Italian tax police said in a statement.

Tesla, the U.S. automaker, will send delegations to Indonesia next month to discuss potential investment in a supply chain for its electric vehicles, the government said on Saturday in a statement.