Business

T-Mobile US Inc (TMUS.O) has agreed to pay $48 million to resolve a federal probe into whether it adequately disclosed speed and data restrictions for its "unlimited" data plan subscribers, U.S. regulators said on Wednesday. The settlement includes a $7.5...

Morgan Stanley reported a better-than-expected profit on Wednesday, boosted by a surge in bond trading that helped all Wall Street banks last quarter. Morgan Stanley's gains were especially notable. Its adjusted bond-trading revenue more than doubled, hitting Chief Executive James...

Netflix has shaken off growth worries with new subscriber numbers that beat estimates and sent its shares soaring. The video streaming company added 3.2 million international customers in the last three months, far more than the 2 million analysts had...

NatWest bank has frozen the accounts of Russia's state-run broadcaster RT, its editor-in-chief says. Margarita Simonyan tweeted: "They've closed our accounts in Britain. All our accounts. 'The decision is not subject to review.' Praise be to freedom of speech!" An MP...

Wall Street inched lower in a choppy session on Monday as an advance in technology and financial stocks offset the effects of lower oil prices and a dip in healthcare stocks. Investors are also awaiting Federal Reserve Vice Chairman Stanley...

Deutsche Bank needs to move quickly to boost capital and deliver healthy profits if it is to restore investor confidence, but its room for maneuver appears limited, bankers, analysts and investors say. When John Cryan took over as chief executive...

Bank of America Corp (BAC.N), the second-largest U.S. bank by assets, reported its first profit increase in three quarters on Monday, foiling expectations for another drop, as bond trading surged and expenses fell. Like rivals JPMorgan (JPM.N) and Citigroup (C.N),...

Morrie Low, a 27-year-old Seattle cocktail server, has found an unlikely new source of pleasure: credit card companies. After working off card balances he built up during college, Low started collecting new cards in May specifically to reap the increasingly...

Chelsea has signed a new kit deal with US sportswear giants Nike, in an agreement which marks the largest commercial deal in the club's history. Nike will provide the London club's kit from the 2017-18 season, after the Premier League...

Samsung Electronics Co Ltd on Friday said it expected to take a hit to its operating profit of about $3 billion over the next two quarters due to the discontinuation of its fire-prone Galaxy Note 7 smartphone. The outlook brings...