Business

Bank of America Corp (BAC.N) reported a third-quarter profit of $2.22 billion, compared with a loss a year earlier, as provisions for credit losses and expenses fell. The second-largest bank earned 20 cents per share in the three months to...

BlackRock Inc (BLK.N), the world's largest money manager, said on Wednesday that its third-quarter profit rose 15 percent, citing market growth and strong global demand from its retail and institutional clients. The New York-based asset manager reported net income of...

PepsiCo Inc (PEP.N) reported higher quarterly earnings on Wednesday and said it was on track to meet its financial goals for the year, despite a sluggish economy. The maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice said net income was...

Stock index futures rose on Wednesday amid cautious optimism that U.S. politicians would strike a last-minute deal to prevent the country from defaulting on its debt, an event that could roil markets and economies worldwide. In another day of heavy...

Citigroup Inc (C.N) reported a marginal fall in adjusted quarterly profit from ongoing businesses after the Federal Reserve's decision to continue its bond-buying program for longer than expected slowed trading by clients. Citigroup shares were down 1 percent at $49.10...

Coca-Cola Co (KO.N) reported higher quarterly earnings and lower revenue on Tuesday as strong sales of its namesake products offset the effects of global economic pressures and the costs of restructuring bottling operations in Brazil and the Philippines. Net income...

A month of combat in the U.S. Congress over government spending showed signs on Monday of giving way to a Senate deal to reopen shuttered federal agencies and prevent an economically damaging default on federal debt. Senate Majority Leader Harry...

Signs of a deal to avert an economically damaging U.S. debt default boosted world equity markets and the dollar on Tuesday, though firm short-term interest rates highlighted concerns that the problem may just be postponed. Hopes rose after U.S. Senate...

Slow progress in talks to avert a U.S. debt default kept world shares and oil under pressure on Monday, while the yen rose as some investors shifted into safer assets. The cautious mood was reflected in the market's neutral reaction...

China's annual consumer inflation rate rose to a seven-month high of 3.1 percent in September as poor weather drove up food prices, limiting the scope for the central bank to maneuver to support the economy even as exports showed...