Business

Morgan Stanley (MS.N) is poised to pay $3.2 billion to settle federal and state charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, the New York Attorney General's office said on Thursday. The...

Shares of social media website Twitter Inc (TWTR.N) hit an all-time low on Thursday after the company said on Wednesday evening that user growth stalled for the first time since the company went public. Brokerages piled on, with more than...

PepsiCo Inc (PEP.N) reported better-than-expected quarterly net revenue on Thursday as higher sales of snacks and non-fizzy beverages such as Gatorade in North America helped reduce the impact of a strong dollar. PepsiCo increased its annual dividend to $3.01 per...

HSBC (HSBA.L), Europe's largest bank, has dropped plans to freeze pay this year, according to a memo by Chief Executive Stuart Gulliver seen by Reuters, reversing a cost-cutting decision made less than two weeks ago. The memo, in which Gulliver...

General Motors (GM.N) will resume operations in Egypt on Sunday, the company said on Thursday, after temporarily halting activities earlier in the week due to its inability to source dollars amid the country's currency crisis. Import-dependent Egypt has been facing...

SAN FRANCISCO, February 10, (THEWILL) – The naira fell on the parallel market on Wednesday on strong demand for dollars from importers amid dwindling liquidity, while stock index climbed to 24,000 points for the first time in almost a...

Investment banks could be left with unwanted stock in Italian oil company after falling crude prices diminish demand for deal they underwrote Investment banks Goldman Sachs and JP Morgan could be left with large stakes in Italian oil services company...

Time Warner Inc (TWX.N), the owner of cable channels CNN and HBO and movie studio Warner Bros, reported a steeper-than-expected 6 percent drop in quarterly revenue, hurt by a lack of hit movie releases and a strong dollar. The company's...

Wall Street was higher on Wednesday, led by financial stocks, after Federal Reserve Chair Janet Yellen said conditions in the United States would allow the Fed to pursue "gradual" adjustments to monetary policy. However, tightening financial conditions driven by falling...

When Twitter Inc reports results on Wednesday, a less than stellar showing could hammer the stock further as a broad selloff in the technology sector has made investors jittery. Twitter's shares have lost more than two-thirds of their value in...