Business

When a British bookmaker installed Stephen Elop as favorite to take over the soon-to-be-vacant CEO slot at Microsoft Corp last week, most tech observers laughed it off as a publicity stunt. But Microsoft's purchase of Nokia's handset business, announced late...

Applications for U.S. home loans rose for the first time in four weeks as mortgage rates fell from their highest level this year, although demand for purchase loans slipped, data from an industry group showed on Wednesday. The Mortgage Bankers...

Chrysler Group LLC reported a 12 percent gain in U.S. August auto sales and predicted that the industry will continue on its hot streak as it heads into the fall selling season, when new models are introduced. Chrysler said that...

SAN FRANCISCO, September 02, (THEWILL) – United Bank for Africa Plc (UBA), the Pan-African bank with operations in 19 African countries and New York, London and Paris, Monday announced the launch of Project Alpha – the Group’s next stage...

A delay in potential U.S. military action in Syria and improving economic data from China and Europe lifted world share markets on Monday and sent the safe-haven Japanese yen lower. Oil prices rebounded on the brighter economic outlook after falling...

Verizon Communications was poised on Monday to take full control of its U.S. wireless business with a $130 billion deal to buy out Vodafone and end a decade-long corporate stand-off. The British firm said late on Sunday it was in...

Three HTC Corp design executives were arrested on suspicion of leaking trade secrets, sending the Taiwanese smartphone maker's shares tumbling on Monday as its troubles deepened amid a wave of senior staff departures and disappointing sales. Taipei prosecutors confirmed that...

U.S. stocks extended losses on Friday as U.S. Secretary of State John Kerry said the U.S. is not alone in its will to act following the Syrian chemical weapons attack. The Dow Jones industrial average .DJI was down 69.49 points,...

A federal judge on Friday set a tentative November 25 trial date in the U.S. government's legal challenge to an American Airlines AAMRQA.UL merger with U.S. Airways (LCC.N). Judge Colleen Kollar-Kotelly, who will try the case without a jury, announced...

Top investors in Vodafone Group (VOD.L) are set to clash over what the company should do with perhaps as much as $130 billion in proceeds from the sale of its stake in Verizon Wireless, which is expected to be...