Business

UBS AG (UBSG.VX) shut down a feeder fund at the end of July that provided wealthy clients access to billionaire investor John Paulson's Advantage fund due to the high cost of operating that portfolio, two sources said on Thursday. The...

Tesla Motors Inc (TSLA.O) said on Thursday it has sent a software patch to address security flaws in the Tesla Model S sedan that could allow hackers to take control of the vehicle. The Financial Times reported on Thursday that...

Oil set multi-month lows on Thursday as investors and traders sought clues about the market's next bottom after a large drop in U.S. crude inventories failed to boost prices. A bigger-than-expected build in U.S. gasoline stockpiles last week proved more...

Britain's competition watchdog has accused Pfizer (PFE.N) and Flynn Pharma of breaching UK and European law by ramping up the cost of an epilepsy drug, given to more than 50,000 British patients, by as much as 2,600 percent. The Competition...

BEVERLY HILLS, August 05, (THEWILL) – The Central Bank of Nigeria (CBN) Wednesday officially placed a countrywide ban on foreign currency cash deposits in banks to stop illicit financial flows into the Nigerian banking system. The ban, which became...

Global economic growth will slow this year to the lowest rate since the financial crisis, according to the National Institute of Economic and Social Research (NIESR). The think tank cut its 2015 forecast to 3.0% from the 3.2% it predicted...

U.S. stock index futures were higher on Wednesday as investors awaited private employment data for July, which will provide a snapshot of the labor market ahead of the critical non-farm payrolls data on Friday. * Private payrolls processor ADP is...

As oil prices entered a second steep slide a few weeks ago, bullish traders and analysts had hoped for a repeat of the sharp but short dip that occurred early in the year - a speculative slide below $50...

Borrowing by U.S. small businesses jumped to a record in June, an index released Wednesday showed, signaling tighter labor conditions that may help build the case for the Federal Reserve's first interest-rate increase in nearly a decade. The Thomson Reuters/PayNet...

Time Warner Inc reported a better-than-expected quarterly profit, helped by higher content revenue in its Turner division as well as the release of "Batman: Arkham Knight" and "Mortal Kombat X" videogames. Turner, owner of channels such as CNN and TNT,...