Business

Energy shares dragged Wall Street lower on Monday as crude prices fell further, while readings on the services sector and home sales came in below forecasts. Brent crude oil LCOc1 fell below $85 a barrel and U.S. crude CLc1 dipped...

A standoff within the U.S. Securities and Exchange Commission is stalling the final piece of Bank of America Corp's record $16.65 billion settlement with the U.S. government tied to troubled mortgage-backed securities, Bloomberg News reported, citing people with knowledge...

Swedish aerospace firm Saab (SAABb.ST) has finalised a $5.4 billion order to sell 36 fighter jets to Brazil, one of the most valuable defense contracts up for grabs in an emerging market. Shares in Saab, which in December leapt by...

Merck & Co reported lower than expected third quarter revenue, hurt by sharply lower sales of its Gardasil vaccine against cervical cancer, but cost cuts enabled the company to beat earnings forecasts. The No. 2 U.S. drugmaker on Monday said...

General Motors Co (GM.N) persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV (SPYKF.PK) accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company. The...

A group of 25 banks have failed European health checks, while up to 10 of those continue to have a capital shortfall, two people familiar with the matter said on Friday, providing a snapshot of the health of the...

SAN FRANCISCO, October 24, (THEWILL) – Mr. Uzomah Dozie has been appointed the Group Managing Director/Chief Executive Officer of Diamond Bank Plc, following the resignation of Mr. Alex Otti, who formally resigned his appointment on Thursday to pursue his...

General Motors Co (GM.N) on Thursday reported a higher-than-expected profit in the third quarter and said it had strong demand for its redesigned full-size pickup trucks in North America. "Solid results really continue to be driven by strength in North...

GT Advanced Technologies Inc (GTATQ.PK) said it reached an agreement with Apple Inc (AAPL.O) under which it will stop making sapphire materials and focus on supplying equipment to make sapphire crystals. GT said it would be released from all exclusivity...

Caterpillar Inc (CAT.N) shares jumped more than 6 percent in premarket trading after the company reported a stronger-than-expected quarterly profit and boosted its 2014 profit outlook, citing strong demand for its products in North America. Excluding restructuring costs, Caterpillar said...