Business

The Justice Department is preparing to file civil fraud charges against Citigroup Inc and Bank of America's Merrill Lynch unit over their sale of flawed mortgage securities ahead of the financial crisis, according to people familiar with the probes. Civil...

The Federal Reserve will decide on Wednesday whether the U.S. economy is finally resilient enough to withstand less policy support, or whether it is prudent to wait a bit longer. With the world's financial markets on edge, the U.S. central...

GlaxoSmithKline will stop paying doctors to promote its products at events and remove individual sales targets for its marketing staff in a first for the drugs industry looking to recover from scandals over improper sales practices. It also said on...

Asian shares pushed higher on Tuesday on the back of rising U.S. manufacturing output and a jump in euro zone business activity, ahead of a momentous U.S. Federal Reserve policy decision later this week. Investors are on tenterhooks over when...

Facebook Inc will begin selling video ads later this week and plans to make an announcement on Tuesday, the Wall Street Journal reported, citing people familiar with the matter. The ads will play automatically in users' news feeds and may...

It used to be that people in the market for a new car could go to the car-shopping website TrueCar.com, which collects bids from auto dealerships, and get dealers to undercut one another on price. Dealers could see the...

General Motors Co (GM.N) plans to slash its headcount in South Korea next year as it prepares to withdraw its Chevy brand in Europe, a major export market for South Korean-made cars. GM Korea CEO Sergio Rocha has said it...

Stock futures were little changed on Monday, suggesting investors were reluctant to buy even after a steep decline last week, as they turned their focus to an upcoming Federal Reserve policy meeting. Equities are coming off their worst week in...

American International Group Inc (AIG.N) said it would sell its aircraft-leasing business to AerCap Holdings NV (AER.N) in a deal valued at about $5.4 billion, marking the insurer's exit from its last non-core business. AIG, which was nearly wiped out...

The Lloyd's of London LOL.UL insurance market has appointed its first ever female chief executive, to replace Richard Ward who announced he was stepping down from the role in July. Inga Beale, a 30 year industry veteran who was previously...