Santander Finance Chief Named New CEO

Santander replaced its chief executive with its long-standing finance chief and made several changes to its board of directors, in the first major shake-up at the eurozone's largest lender since Ana Botín took the reins following her father's death.

India to Sell Stake in Coal India or ONGC

India's new government hopes to raise billions of dollars through selling government stakes in one of the two massive state-run companies by December 10.

Clarkson to Buy RS Platou for $440 Million

Clarkson, the world's largest shipbroker, said it plans to acquire Oslo-based rival RS Platou for a record $440 million, in a move likely to kick off further consolidation in an industry struggling to cope with falling brokerage fees and asset prices.

Volvo Makes Provision For Anti-Trust Probe

Swedish truck maker Volvo says it has made a provision of €400 million related to an ongoing anti-trust investigation by the European Commission.

ING to Cut 1,700 Jobs

ING says that it will shed 1,700 jobs over the next three years as it expands and strengthens its digital network.

Sony Pulls FIFA World Cup Sponsorship

Sony Corp. has decided to end its sponsorship of World Cup soccer amid growing concerns about the transparency of the bidding process for the next two tournaments, a person familiar with the matter says.