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Shell Plans To Sell Stake In Eagle Ford Shale

Royal Dutch Shell plans to sell its 106,000-acre stake in the Eagle Ford shale formation in South Texas, the Wall Street Journal reported on Sunday. Shell's decision comes after it took a $2.2 billion charge against its U.S. shale business...

N.Y. Attorney General Settles With Payday Loan Companies

New York Attorney General Eric Schneiderman's office said on Monday it had reached settlements with five companies over charges of violating the state's usury and licensed lender laws through the collection of so-called payday loans. New York law limits interest...

Toshiba To Cut 3,000 Staff In Ailing TV Division

Toshiba Corp (6502.T) said on Monday it would cut 50 percent of staff in its loss-making TV unit and cease production at two of its three overseas factories before the end of this fiscal year. Toshiba said it would increase...

Jose Mourinho Not My Friend – Andre Villas-Boas

Tottenham manager Andre Villas-Boas has no regrets about the breakdown of his friendship with former mentor and Chelsea boss Jose Mourinho. Villas-Boas, 35, worked under Mourinho for seven years at Porto, Chelsea and Inter Milan and faces him for the...

Lionel Messi Appears In Spanish Court Over Tax Fraud

Barcelona footballer Lionel Messi has appeared before a Spanish judge as part of a tax fraud investigation. The 26-year-old Argentine, four times Fifa World Player of the Year, and his father Jorge Messi are accused of defrauding the authorities of...

Sudanese Use Tear Gas On Crowd Demanding President Resign

Police fired tear gas to disperse thousands of Sudanese demanding the resignation of President Omar Hassan al-Bashir after rights groups accused security forces of shooting dead at least 50 people in the worst unrest in Sudan's central region for...

Kenya Says Holding Eight People Over Mall Attack, Three Freed

Kenyan authorities are holding eight people in connection with a weekend attack by Islamist militants on a Nairobi shopping mall, while three others were released after questioning, the interior minister said on Friday. Somali Islamist group al Shabaab said its...

Europe’s Plan To Address Weak Banks Risks Unraveling

The European Central Bank's (ECB) plan to test the health of the euro zone's largest lenders without the means to plug any holes it uncovers risks foiling what some see as the bloc's final chance to put its financial...

How Jack Ma Can Keep A Tight Grip On Alibaba After An IPO

Alibaba Group Holding Ltd founder Jack Ma wants to keep a tight grip on the Chinese e-commerce company he founded even after he takes it public, and U.S. law gives him several ways to do so. The company had planned...

BlackBerry Reports Deep Loss, Revenue Drop, As Warned

BlackBerry Ltd reported a quarterly loss of nearly $1 billion on Friday, in line with last week's warning, days after accepting its largest shareholder's tentative $4.7 billion bid to take it out of the public eye. BlackBerry, which had warned...

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