Business

Bain Capital's credit arm, Sankaty Advisors, is buying the debt portfolio of JPMorgan's principal investment group for more than $1 billion, the Financial Times reported. Sankaty won an auction for JPMorgan Chase & Co's Global Special Opportunities Group portfolio, which...

President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals, a former senior U.S. Treasury Department official said on Monday. By invoking a 1969...

About 80 of the 106 Swiss banks that signed up for a deal with U.S. tax authorities could be fined less than they had feared for their role in helping wealthy Americans cheat on their taxes, but must widen...

Amazon.com Inc's message to investors has always been clear: trust in founder and CEO Jeff Bezos. But after more than a year of mostly disappointing quarterly results, that faith is being tested. Some on Wall Street wonder if Amazon may...

Facebook Inc said the U.S. Securities and Exchange Commission dropped its probe into the social networking company over events surrounding its controversial initial public offering. In its quarterly report filed on Thursday, Facebook said the regulator in May "notified us...

Japan's Mazda Motor Corp (7261.T)(MZDAY.PK) will broaden a recall of cars sold in the United States because an air-bag inflator, supplied by Japan's Takata Corp (7312.T), could rupture and seriously injure occupants. The issue of ruptured inflators - which can...

U.S. stocks fell at the open on Friday following back-to-back record high closes on the S&P 500, weighed by declines in Amazon and Visa after the companies reported earnings. The Dow Jones industrial average .DJI fell 90.71 points or 0.53...

GOVERNOR EMMANUEL UDUAGHAN OF DELTA STATE (L) AND MR. ANDREW FAWTHROP - OUT GOING CHAIRMAN/MANAGING DIRECTOR, CHEVRON (R),  DURING THE LATER’S VISIT TO THE GOVERNOR, AT THE GOVERNMENT ANNEX WARRI. SAN FRANCISCO, July 24, (THEWILL) –  Delta State Governor, Dr....

China's food regulator has visited close to 600 restaurants, businesses and food distributors as it investigates a fast-spreading food safety scare that has dragged in a number of global brands and hit food outlets as far away as Japan. Hong...

Ford Motor Co's (F.N) operating earnings for the second quarter beat Wall Street expectations as better-than-expected profit in North America and Europe countered weaker results in Asia Pacific and South America. Ford's Chief Financial Officer Bob Shanks said lower costs...