LONDON— The part-nationalized Lloyds Banking Group says its six-month net profit more than halved to 699 million pounds after it put aside another 600 million pounds to cover the cost of improperly sold payment protection insurance. The group said Thursday the profit fell from 1.58 billion pounds a year earlier.» Read More
Philippines has ambitions to join Macau and Singapore among the ranks of Asia's top gaming destinations. Buoyed by stellar economic growth, the casino rush is starting.
Italy sold all the bills and bonds it aimed to at an auction on Thursday, a few days after outgoing Prime Minister Mario Monti announced he may join the election race to lead a reform-minded centrist alliance.
A federal jury on Wednesday found that Marvell Technology Group infringed two patents held by Carnegie Mellon University, and ordered the chipmaker to pay $1.17 billion in damages.
Already struggling at home with weak revenues and tough new capital and leverage requirements, investment banks are now also facing a slump in their once most promising business - emerging markets.
New Japanese Prime Minister Shinzo Abe unveiled a cabinet stacked with close allies on Wednesday, kicking off a second administration committed to battling deflation and coping with the challenge of a rising China.
Samsung Electronics said on Wednesday it had filed a complaint against Ericsson with the U.S. International Trade Commission, requesting a U.S. import ban and sales ban on some of the Swedish telecoms equipment maker's products.
Top U.S. lawmakers voiced rising fear on Sunday that the country would go over "the fiscal cliff" in nine days, and some Republicans charged that was President Barack Obama's goal.
Last month's dreams of a "grand bargain" of tax hikes and spending cuts seem long gone and a stop-gap that puts everything off for a while but resolves nothing is now the most promising alternative.
Rigorous new sanctions against Iran's banking, shipping and industrial sectors took effect on Saturday, as part of the European Union's effort to force Tehran to scale back its nuclear program.
"What could have been a merry Christmas is going to turn to a ho-hum Christmas, and we can thank our, you know, politicians for getting in the middle of it all," said a retail analyst.
The dollar was lifted by safe-haven buying as investors fled higher-yielding assets and bought safer U.S. instruments
Apple's stock plunge is hurting investors who chased hot mutual funds that loaded up on Apple as the stock raced to a record $705 per share.
Shares of RIM fell on Friday on fears that a new fee structure for its high-margin services segment could put pressure on the business.
Global investors are betting Washington will overcome its budget deadlock despite an apparently serious setback. Republican lawmakers rejected a proposal on Thursday by their leader, House of Representatives Speaker John Boehner, designed to extract concessions from President Barack Obama.
Struggling Finnish mobile phone maker Nokia has settled its patent dispute with BlackBerry maker Research in Motion in return for payments, as it tries to exploit its trove of technology patents to boost its finances.
Peter Madoff will serve 10 years in prison for his role in his older brother's multibillion-dollar Ponzi scheme, a U.S. judge said Thursday.
Oil overcame early selling pressure, inching above $110 a barrel on Thursday, as investors reacted to mixed U.S. economic data and the ongoing stalemate on U.S. budget talks.
Ericsson, the world's biggest telecom network equipment maker, will take an 8 billion crown($1.2 billion)charge on its ST-Ericsson venture.
Gold stalled on Wednesday, within sight of an almost four-month low as signs of progress in the U.S. fiscal talks that dented bullion's safe-haven appeal.
Ratings firm Fitch warned on Wednesday there was an increased likelihood it would strip the U.S. of its triple-A status if Washington does not prevent $600 billion of spending cuts and tax hikes from kicking in early next year.