Business

Stocks dipped at the open on Friday, in the wake of earnings from Morgan Stanley and General Electric and ahead of data on the housing market and consumer sentiment. The Dow Jones industrial average .DJI fell 1.25 points or 0.01...

Goldman Sachs Group Inc and Citigroup Inc were hit hard by a sharp fall in bond trading revenues in the fourth quarter, a stinging blow for two banks long seen as stalwarts of fixed income markets. The two banks performed...

Saudi Gulf Airlines has signed a $2 billion agreement with Canada's Bombardier Inc (BBDb.TO) to buy 16 CSeries planes with options for 10 more, Samer al-Magali, an executive representing the airline, told a news conference at the Bahrain International...

Investigators in Japan are studying x-ray images of a lithium-ion battery from when it left the factory, hoping these may shed some light on why it appeared to overheat on a Boeing 787 Dreamliner jet earlier this week. They will...

China's Commerce Ministry said it had approved U.S.-listed laboratory equipment maker Thermo Fisher Scientific Inc's (TMO.N) $13.6 billion takeover of Life Technologies Corp (LIFE.O), subject to certain conditions. The conditions are that Thermo Fisher cut the prices of two types...

The minister of Petroleum Resources will henceforth have a say in all divestments of assets in the upstream sector of the nation’s oil and gas industry by any operator. Consequently, any divestments in the sector must comply strictly with the...

Bank of America Corp, the No.2 U.S. bank, reported a stronger-than-expected quarterly profit, driven by a steep fall in mortgage losses and provisions to cover bad loans. Fourth-quarter net income applicable to shareholders rose to $3.18 billion, or 29 cents...

U.S. stock index futures rose on Wednesday, indicating the S&P 500 will build on its biggest gain in nearly a month, after earnings from Bank of America and ahead of data on inflation and manufacturing. Bank of America (BAC.N) shares...

General Motors Co's (GM.N) new executive team expects a slight uptick in pretax profits this year, but said margins likely will remain flat until 2015. A new management team led by Chief Executive Officer Mary Barra and President Dan Ammann...

Intel Corp (INTC.O), hit by slumping personal computer sales, has put off opening a major chip factory that President Barack Obama once held up as an example of U.S. manufacturing potential. The "Fab 42" facility built in Chandler, Arizona, originally...