Business

Oil traded at close to nine-month highs on Friday, on course for a second week of gains, as violence in Iraq raised worries over supplies. Stock markets remained upbeat. Buoyed by the billions of dollars the U.S. Federal Reserve is...

Siemens and Mitsubishi Heavy Industries added a billion euros to their offer for Alstom's energy business on Friday, hoping to see off a revamped bid by General Electric ahead of Monday's deadline for a decision on the struggling company's...

Buyout firms TPG Capital and Carlyle Group are targeting a $2.4 billion initial public offering of shares in Australia's Healthscope Ltd as their most-favored option for the country's second-biggest private hospitals operator, a source with direct knowledge of plans...

A North Carolina judge ruled on Thursday that a Justice Department lawsuit against Bank of America Corp could move forward, allowing the complainant 30 days to file its amended petition. The Department of Justice's lawsuit accuses Bank of America of...

SAN FRANCISCO, June 20, (THEWILL) – The fight against illegal oil bunkering and pipeline vandalism would continue to suffer a setback in the country with inadequate patrol gunboats and other equipment being used by the Nigerian Navy Ship, THEWILL...

Accounting adjustments enabled BlackBerry, the troubled smartphone maker, to report on Thursday a $23 million, or 4 cents a share, profit for its last quarter. Without those noncash changes, however, the company lost $60 million during the period. But the...

Global stocks and emerging market assets rallied on Thursday after the U.S. Federal Reserve signaled that rising inflation won't trigger an interest rate rise any time soon, while Iraq turmoil sent crude oil futures to their highest this year. Following...

Facebook Inc.'s FB.O website crashed briefly on Thursday, temporarily preventing computer and mobile phone users from reaching the site around the globe. During the outage, Facebook users ranging from Australia to South Korea to India and Britain were greeted with...

Ferrari Chairman Luca Cordero di Montezemolo has dismissed press speculation that he could become the next chairman of ailing airline Alitalia once it is rescued by Gulf-based Etihad Airways. "For me there is only Ferrari, to which I am very...

Aluminum giants Alcoa Inc and Novelis Inc spent decades wooing Detroit's automakers to toss out their heavy steel vehicle bodies and overhaul their factories in order to mass produce vehicles made out of lighter aluminum. This year, with Ford Motor...