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. Last Updated: 07/27/2016


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NBC Wins Bidding for Vivendi Universal

France's Vivendi Universal has announced a multibillion-dollar plan to merge its theme parks and glitzy Hollywood television and movie studios with U.S. General Electric Co.'s NBC unit.

European Shares Rise to Year Highs

European shares rose to new highs for the year in opening trade Wednesday as Nokia led gains in the technology sector and cosmetics giant L'Oreal added gloss to the advance.

U.S. Presses China on Currency Control

The U.S. treasury secretary said Wednesday that Chinese leaders indicated they would move toward letting their currency trade freely on world markets, but he came away with no timetable for ending exchange-rate controls.

Bush to Ask UN to Share Troop Burden in Iraq

U.S. President George W. Bush has agreed to begin negotiations in the UN Security Council to authorize a multinational force for Iraq but has insisted that the troops be placed under U.S. command, according to senior administration officials.

What Role for the Armed Forces?

Russia's leaders have to decide what the primary function of the armed forces will be in the future.

Two Price Tags on Slavneft Oil Company

Like a ticket for the Hermitage, Slavneft has two prices -- a domestic price and a price for foreigners.

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