Business

U.S. stocks fell to session lows on Friday, erasing earlier gains and dropping in heavy trading, as forces in Ukraine engaged a Russian armored column on Ukrainian soil. A Ukrainian military spokesman said Ukrainian forces had tracked a Russian armored...

Canadian plane and train maker Bombardier and Japanese industrial giant Hitachi are the two frontrunners to buy Finmeccanica's rail subsidiaries, several sources close to the auction process said. Italy's Finmeccanica has been trying to sell its cash-strapped train division AnsaldoBreda...

SAN FRANCISCO, August 14, (THEWILL) – The Central Bank of Nigeria (CBN) has reinstated the Automated Teller Machines (ATMs) transaction fees it scrapped some months back. The CBN announced the development in a note to banks dated August 13, 2014, pegging...

Bond yields across the euro zone hit record lows on Thursday and the euro hovered near its weakest in nine months after Germany reported its economy unexpectedly shrank in the second quarter, casting doubt on the region's fragile recovery. Germany's...

Cisco Systems Inc (CSCO.O) forecast tepid current-quarter results and said it plans to cut another 6,000 jobs, as the network equipment maker works through a transition toward a new cycle of high-end switches and routers. The latest round of layoffs...

Mortgage applicants who can't provide tax returns or pay stubs to show their income are getting stated income loans again as companies such as Unity West Lending and Westport Mortgage chase customers they can no longer afford to ignore. Lenders...

Former Microsoft CEO Steve Ballmer became the new owner of the NBA's Los Angeles Clippers on Tuesday, concluding a public saga in which the league expelled one of the prior co-owners for racist comments. The sale marks the end of...

Jack Ma, founder and executive chairman of Alibaba Group Holding , holds deep sway over executive and board appointments at China's biggest e-commerce company, and that influence is set to strengthen further at the firm, which is heading towards...

The four biggest U.S. brokerage firms are facing an exodus of employees who are finding they can make more money and save on taxes by taking their clients and starting an independent firm before they retire. Prices are rising for...

On a trip to Beijing a decade ago, Bill Gates was asked by a senior government official how much money Microsoft Corp made in China. The official asked the interpreter to double check Gates' reply as he couldn't believe...