GM revenues hit by Russia and Brazil

US car giant General Motors has reported a fall in first quarter revenues, following lower demand from Brazil and Russia.

Australia, U.K. to Join on Multinationals Tax Avoidance Efforts

Australia and the U.K. will collaborate on ways to stop multinational companies diverting profits and avoiding taxes, according to Australian Treasurer Joe Hockey.

Goldman Sachs sees profits jump on stronger trading

US banking giant Goldman Sachs has reported a sharp rise in profits thanks in part to an improvement in trading activity at its investment banking arm.

Rolls-Royce receives record £6bn engine order

Rolls-Royce has received its largest order to date, worth £6.1bn ($9.2bn), to supply engines for 50 Emirates A380 planes.

E.U. Charges Google With Violating Antitrust Laws

BRUSSELS — The European Union’s antitrust chief on Wednesday formally accused Google of abusing its dominance in web searches to the detriment of competitors and began official proceedings into whether its Android smartphone software forces phone makers to favor the company’s own services and applications.

Nokia in Advanced Talks to Acquire Alcatel-Lucent Assets

Nokia Oyj is in advanced negotiations to acquire part of Alcatel-Lucent SA to strengthen its telecommunications-equipment business and better compete with Ericsson AB, according to people familiar with the matter.

McDonald's franchise workers denied pay raise to join 200-city protest

With a national day of action over low wages in the US approaching, a move by McDonald’s to quell pay protests by giving raises to workers at its 1,500 company-operated restaurants appears to have backfired, infuriating employees at 12,500 franchisee-operated restaurants who were passed over by the plan.