Business

SAN FRANCISCO, September 28, (THEWILL) - Blackberry has declared that would no longer be making handsets 14 years after releasing its first product saying it will outsource to other companies. This was revealed in a statement released by the company saying...

UBS Financial Services, a subsidiary of UBS Group AG (UBSG.S), has agreed to pay more than $15 million to settle charges it failed to adequately train its sales force about key aspects of certain complex financial products it sold...

The U.S. Securities and Exchange Commission on Wednesday said it would adopt rules to strengthen the regulatory framework for clearing agencies deemed systematically important or that are involved in complex transactions, such as security-based swaps. Clearing agencies act as a...

National Amusements Inc (NAI), the controlling shareholder of CBS Corp (CBS.N) and Viacom Inc (VIAB.O), is preparing to call on the two media companies to explore a merger, two people familiar with the matter said on Wednesday. NAI may contact...

The Federal Reserve is considering changes to the annual stress tests it gives U.S. banks to move to a more risk-sensitive, firm-specific approach that would raise capital requirements for big banks based on their test results, according to its...

Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources said the group and non-member Russia were still trying to bridge differences between the kingdom and...

Oil fell 3 percent on Tuesday, wiping out gains from the previous session, as producing countries meeting in Algeria appeared less likely to agree on output cuts that would reduce a global glut and boost crude prices out of...

The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States. The new figure of 1.7 percent,...

Six Democratic U.S. senators on Tuesday asked embattled Yahoo CEO Marissa Mayer for more information about the internet company's investigation into a hack that compromised data related to 500 million user accounts. The lawmakers said they were "disturbed" the two-year-old...

Bank of America (BAC.N) is set to cut about two dozen investment banking jobs in Asia, including some top dealmakers, sources told Reuters, as a slowdown forces western banks to cut costs. The job cut plan comes after Reuters reported...