Business

Spinning off the clean-up project at Japan's wrecked Fukushima nuclear plant from the rest of operator Tokyo Electric Power's business could be an option in the future if the decommissioning runs smoothly, the company's president said. Nearly three years after...

In early 2011, Morgan Stanley Chief Executive James Gorman thought he had finally figured out how to rebuild the bank's depleted bond trading business without taking too much risk. He hired traders from rivals in areas where the bank was...

U.S. industrial output rose at its fastest clip in 3-1/2 years in the fourth quarter as factory activity closed out the year on a strong note, a sign of the economy's brightening prospects. Manufacturing production rose a stronger-than-expected 0.4 percent...

U.S. consumer sentiment slipped in its first January measure, weighed by lowered expectations among lower- and middle-income families, a survey released on Friday showed. The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment came in...

Morgan Stanley rolled forward its plan to reduce its risky assets as the Wall Street bank focuses on generating a higher return on equity, a measure where it lags its rivals. The bank, which reported a sharp fall in quarterly...

Stocks dipped at the open on Friday, in the wake of earnings from Morgan Stanley and General Electric and ahead of data on the housing market and consumer sentiment. The Dow Jones industrial average .DJI fell 1.25 points or 0.01...

Goldman Sachs Group Inc and Citigroup Inc were hit hard by a sharp fall in bond trading revenues in the fourth quarter, a stinging blow for two banks long seen as stalwarts of fixed income markets. The two banks performed...

Saudi Gulf Airlines has signed a $2 billion agreement with Canada's Bombardier Inc (BBDb.TO) to buy 16 CSeries planes with options for 10 more, Samer al-Magali, an executive representing the airline, told a news conference at the Bahrain International...

Investigators in Japan are studying x-ray images of a lithium-ion battery from when it left the factory, hoping these may shed some light on why it appeared to overheat on a Boeing 787 Dreamliner jet earlier this week. They will...

China's Commerce Ministry said it had approved U.S.-listed laboratory equipment maker Thermo Fisher Scientific Inc's (TMO.N) $13.6 billion takeover of Life Technologies Corp (LIFE.O), subject to certain conditions. The conditions are that Thermo Fisher cut the prices of two types...