Barclays stock hit by £5.8bn cash call to plug shortfall

Barclays will issue £5.8bn in new shares as part of a move to plug a £12.8bn capital shortfall created by new regulatory demands.

Apple launches probe over China labor problems

Apple is taking action after being singled out once again for terrible working conditions in its suppliers' factories in China.

Suzuki to invest $611 million to build car plant in Indonesia

TOKYO: Suzuki Motor Corp is investing 60 billion yen ($611.4 million) to build a new passenger car plant in Indonesia, a spokesman said on Sunday, as Japanese automakers target the world's fourth most populous state.

Wonga row: Archbishop of Canterbury 'embarrassed' over Church funds

The Archbishop of Canterbury said he was "embarrassed" and "irritated" that the Church of England invested indirectly in online lender Wonga.

Samsung's record profit isn't good enough

Samsung is learning that difficult lesson Friday after reporting a record profit that nonetheless fell short of investor expectations.

Facebook shares soar 25% on strong mobile ad earnings

Shares in Facebook jumped by more than 25% at the market opening on Thursday, after it beat profit forecasts with stronger than expected mobile ad sales.

RBS fined £5.6m for incorrectly reporting trades

Royal Bank of Scotland has been fined £5.6m for failing to properly report almost 45 million trades. The fine relates to the period between November 2007 and February 2013 when regulators found mistakes in more than a third of the bank's transactions.

Most big US technology groups slip European tax net

LONDON: Most big US technology companies cut their tax bills by not declaring a tax residence in their main European markets, preventing tax authorities in those countries from even assessing their income, a Reuters analysis of hundreds of corporate filings shows.

McDonald's says eating-out market remains 'challenging'

McDonald's says the "informal eating-out market remains challenging" and that this will affect its results for the rest of the year.

German bank fund sees Commerzbank stake sale soon

FRANKFURT: Germany's bank bailout fund Soffin expects Berlin to sell its 17 percent stake in the country's second-biggest lender, Commerzbank, in the coming months, a German magazine reported on Saturday.

Panasonic pleads guilty in auto parts price-fixing case

Japanese electronics maker Panasonic has agreed to plead guilty to felony charges for its role in an auto parts price-fixing conspiracy involving at least 11 companies, the Justice Department announced Thursday.

China's economic slowdown takes toll on US companies

NEW YORK: It's official. China's slowdown is starting to hurt corporate America. As the world's second-largest economy - and still growing - China is seen as a primary source of revenue growth by the largest U.S. companies.

German finance minister says multinationals must pay fair taxes

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble will push to stop multinational companies shifting profits to tax havens and is confident the Group of 20 nations meeting in Moscow this week will agree on common standards.

BP asks for temporary halt to Gulf compensation payments

BP has asked for a temporary halt to all compensation payments to people and businesses who say they lost money after the Gulf of Mexico oil disaster.

Barclays to fight $453 million power fine in US court

NEW YORK: Barclays will contest a record $453 million fine imposed by a US energy regulator against the British bank and four of its power traders, setting up a likely federal court battle.

Pay companies to hire youth, OECD suggests

PARIS :The plight of youth unemployment in developed economies is so severe it has prompted the OECD to call for more government intervention, possibly including paying companies to hire.

Microsoft and Blackberry cut Surface and Z10 prices

Microsoft and Blackberry have both cut prices on their flagship products in a bid to boost sales. Microsoft dropped the price of the 32GB Surface RT to £279 from £400 in the UK, with the 64GB model's price down by the same amount to £359.

JP Morgan and Wells Fargo post big jump in profits

JP Morgan has recorded a profit of $6.5bn (£4.3bn) for the second quarter of 2013, up 31% from a year ago.

Boeing's 787 problems return with Dreamliner fire in London

Just when Boeing thought its Dreamliner problems were over, the company faced a fresh crisis Friday when an empty 787 caught fire at London's Heathrow airport.

Chinese demand for Jaguar boosts JLR June sales

British luxury carmaker Jaguar Land Rover reported a 7 per cent rise in June sales as it sold more Jaguar cars in China, the company's fastest growing market.

Smartphone sales down to 8-9% in April-June triggered by rupee fall, consumer fatigue

KOLKATA: The booming Indian smartphone market seems to be losing steam as sales growth tapered down in the April-June quarter despite the launch of several new models and buyback and EMI schemes.

Telecom commission puts off divestment plans in TCIL

KOLKATA: The Telecom Commission has postponed the divestment plans in Telecommunications Consultants India (TCIL) as it is actively considering the proposals to raise cash by exiting Bharti Hexacom — in which TCIL holds 30% — a top TCIL executive told ET.

AIG, GE Capital tagged "systemically important," will face greater regulation

American International Group and GE Capital will face increased supervision after regulators announced Tuesday that the firms had been deemed systemically important and "potential threats to financial stability."

Honda aims to sell 36,000 Dream Neo bikes in Rajasthan in FY'14

JAIPUR: Honda Motorcycle and Scooter India (HMSI) aims to sell 36,000 units of its 100cc bike Dream Neo, which was launched here today, in Rajasthan this fiscal.

Lloyds Stake Said to Attract Interest From Davies-Led Group

Former Standard Chartered Plc Chairman Mervyn Davies is working to assemble an investor group to bid for part of the U.K. government’s stake in Lloyds Banking Group Plc (LLOY), according to a person with knowledge of the talks.

Duke Energy CEO wants pay-as-you-go construction

RALEIGH, N.C. (AP) -- The newly installed chief executive officer of Duke Energy Corp. wants to change how the utility is regulated in the Carolinas and Florida so that America's largest electric company can more easily pass along the cost of big power plants a little at a time.

Michael Dell is said to be encouraged by board to raise offer

Michael S Dell may have to dig deeper into his pockets if he wants his $24.4 billion bid for the computer company he founded to succeed.

Ford, General Motors, Chrysler urge 30-year tariff phase-out on Japan cars

WASHINGTON: Detroit automakers, following a failed effort to keep Japan out of regional free trade talks, outlined their fallback position on Tuesday, including a demand that U.S. auto tariffs be phased out in no less than 25 to 30 years.

BP compensation fund for Gulf oil spill victims at risk of running out

BP could soon run out of cash in the compensation fund set up for victims of the Deepwater Horizon disaster, unless it is successful in a legal challenge that will be heard in court next week.

Coal companies hit by oversupply, Obama

Coal company stocks have taken a hit lately, as a global oversupply and pending climate change rules from the Obama administration weigh on the sector.