JPMorgan seeks to reduce clearing and settlement risks: Report

JPMorgan Chase, a major player in providing clearing and settlement services to other financial firms, plans to reduce some services to clients and sever ties with others as it seeks to reduce risks involved in the business, the Wall Street Journal said.

Lufthansa staff to go on strike

Cabin staff at German airline Lufthansa are to go on strike, possibly as early as Thursday, after wage talks broke down this week.

Apple Case Muddies the Future of Innovations

Apple’s victory on Friday in a patent lawsuit against Samsung could, if upheld, give its rivals a kick in the pants to create more original products.

Hertz Global Holdings near $2.5 billion deal to buy Dollar Thrifty: Report

CHICAGO: Hertz Global Holdings is nearing an agreement to acquire Dollar Thrifty Automotive Group for around $2.5 billion and could announce a deal in coming days, a source familiar with the matter said on Saturday.

Shareholders to get $3.2 billion if Heineken offer is approved: Fraser and Neave

SINGAPORE: Singapore conglomerate Fraser and Neave (F&N) said on Friday it plans to distribute Sg$4.0 billion ($3.2 billion) to shareholders if an offer by Dutch firm Heineken to buy its stake in a brewery is approved.

Apple and Samsung get South Korea bans

A South Korean court has ruled that Apple and Samsung both infringed each other's patents on mobile devices.

Guinness maker Diageo sees profits jump

Diageo, the world's biggest producer of spirits, has reported a big jump in annual profits, thanks in part to strong sales and acquisitions in emerging markets.

BMW Revives Scooter Ambitions as Audi Revs Up Ducati

Bayerische Motoren Werke AG (BMW) has long made powerful motorcycles such as the 193-horsepower S 1000 RR that can be seen screaming down the autobahn.

Siemens seeks thousands of job cuts: paper

FRANKFURT (Reuters) - German engineering conglomerate Siemens is in early internal talks to cut thousands of jobs in response to a weakening economy, particularly in Europe, a German newspaper reported.

Apple becomes the most valuable company of all time

Apple - the world's most valuable firm - is now the most valuable company of all time, with a market value of approximately $623bn (£397bn).

Swap mis-selling victims to wait nine months for review

Small businesses that could have been mis-sold complex interest rate derivatives face a wait of up to nine months to find out whether they are entitled to any compensation.

Samsung reaches deal with German firm Osram on lawsuits

SEOUL: South Korea's Samsung Electronics said Friday it has reached a deal with German lighting group Osram to settle all their global patent lawsuits, as it continues a high-stakes US court battle with Apple.

Wal-Mart profit up despite slowing international growth

(Reuters) - Wal-Mart Stores Inc's full-year profit may miss Wall Street expectations as growth slows in international markets, pressuring the world's largest retailer even as its U.S. discount stores continue to rebound.

Facebook stock hits all-time low as insiders get first chance to sell

NEW YORK (CNNMoney) -- Facebook's life as a public company has been a nightmare from day one, and the pain continued on Thursday as some company insiders got their first chance to dump shares.

Virgin Trains loses West Coast Mainline franchise

Virgin Rail has lost its bid to continue running the West Coast Mainline and will be replaced by the UK's largest rail operator, FirstGroup.

Osborne to advertise for Bank of England governor

George Osborne is poised to advertise for a new Bank of England governor in the autumn to replace Sir Mervyn King.

Japan's Sharp eyes selling plants to Hon Hai: Reports

TOKYO: Japanese electronics giant Sharp is considering selling overseas factories to Taiwan's Hon Hai Precision in a bid to turn around its ailing finances, reports said Saturday.

Investing in the Emerging-Market Consumer

With much of the eurozone mired in a recession and the recovery in the United States progressing at an almost glacial pace, it's not surprising that investors are increasingly turning to emerging markets to augment portfolio returns.

Olympus posts $56 million quarterly loss

TOKYO: Japan's Olympus said Thursday it lost $57 million last quarter as the scandal-hit camera and medical equipment maker looks for outside investors after a loss cover-up scandal last year.

Standard Chartered rejects Iran allegations

The chief executive of scandal-hit Standard Chartered has said it "fundamentally rejects" accusations that it laundered as much as $250bn (£161bn) for Iran.

Wall Street bankers face severe pay cuts

Wall Street executives look set to confront severe pay cuts this year as banks come under pressure to axe costs, recruiters have warned.

General Motors says China sales hit record high in July

SHANGHAI: US auto giant General Motors said Monday that its sales in China surged to a record 199,503 vehicles in July, defying a market slowdown and moves by a major Chinese city to limit car numbers.

RBS to pay out £125m over computer glitch

Royal Bank of Scotland (RBS) has put aside £125m to pay compensation to customers affected by the recent breakdown in its computer systems.

Petrobras posts first loss in 13 years; results shock

RIO DE JANEIRO: Brazil's state-led oil giant Petrobras on Friday posted its first quarterly loss in more than 13 years, fanning concerns that the company, hampered by government intervention and soaring costs, will fail to meet its goal of becoming one of the three biggest crude producers by the end of the decade.

Eurozone companies 'weak in July'

Europe's manufacturing and service provider sectors both shrank in July, the 11th consecutive month of contraction, according to an influential survey.

GM posts quarterly loss on weakening euro

US car giant General Motors (GM) has reported a fall in profits due to weak sales in Europe, where the debt crisis has weighed on the euro.

Companies add 163,000 jobs, but manufacturing falters

NEW YORK (Reuters) - U.S. companies hired more workers than expected in July, but continued weakness in the manufacturing sector pointed to sluggish economic growth.

Facebook stock slides to a record low, share-deluge looms

SAN FRANCISCO: Facebook Inc's shares dived 6 percent to another record low on Tuesday, sliding for the third straight day since a lackluster quarterly report showed decelerating user growth.