Business

Ford Profit Beats Estimates; Outlook Affirmed

Ford Motor Co (F.N) on Tuesday posted a higher-than-expected quarterly profit as a strong performance in the No. 2 U.S. automaker's core North American market offset losses in Europe and South America. The company also affirmed the 2014 profit outlook...

U.S. Securities Class-Action Suits Rise, Big Supreme Court Case Looms

Investors are pursuing more lawsuits accusing companies of fraud, according to a new study, but filings may plunge if the U.S. Supreme Court decides soon to remake the legal landscape. Plaintiffs filed 166 federal securities lawsuits seeking class-action status in...

Emerging Sell-Off Hits European Shares, Lifts Yen

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Emerging markets led a global sell-off in risky assets on Monday as European stocks followed sharp falls in Asia and safe-haven assets such as the yen and gold rallied. Concerns about China's economic slowdown and its shadow banking sector, coupled...

Google To Buy Artificial Intelligence Company DeepMind

Google Inc said on Sunday it had agreed to acquire privately held artificial intelligence company DeepMind Technologies Ltd. Technology news website Re/code, which reported news of the deal earlier, said the price was $400 million, without disclosing where it got...

Lion Air To Cancel Order For Five Boeing 787s

Indonesian budget airline Lion Air said on Monday it planned to cancel an order for five Boeing Co (BA.N) 787 aircraft and replace them with smaller 737 models. The carrier said it needed widebody aircraft to accommodate more than the...

AT&T Says Does Not Intend To Bid For Vodafone

U.S. mobile operator AT&T on Monday ruled out buying Vodafone for the next six months after an enquiry by Britain's takeover panel following months of speculation, sending its shares down 6 percent. AT&T had sparked speculation that it could be...

Exclusive: Mitsubishi Heavy In Talks To Become F-35 Supplier, Seeks Japan Subsidy: Sources

Mitsubishi Heavy Industries is in advanced talks to supply parts for the F-35 stealth fighter to Britain's BAE Systems, in what would be the first involvement of a Japanese manufacturer in a global weapons program, according to people with...

Analysis: BP Back In Favour Despite Spill Legacy, Russia Doubts

If you had spent 10 pounds on BP shares on April 19, 2010, you would have just nine pounds now, including dividends. A poor investment, however you cut it, but also a remarkable recovery. A day later an explosion at...

Top Bankers Expect EU Stress Tests To Reignite Banking M&A

Bankers expect a thorough European Central Bank (ECB) health check of the euro zone's largest banks to reignite domestic and cross-border merger activity by rebuilding confidence among lenders. The sovereign debt crises that nearly caused a break-up of the single...

Swiss cCabinet Blocked Branson From Heading Finance Regulator – Paper

Switzerland's cabinet has twice refused to accept the nomination of a British-born ex-UBS (UBSN.VX) banker as head of the financial market regulator, hoping to see more competition for the role, a Swiss newspaper reported on Sunday. Mark Branson is leading...