Malaysia Airlines Apologizes for Tweet, Posts Loss

Malaysia Airlines on Friday said its loss widened last quarter and apologized for a promotional tweet slammed as insensitive after two deadly passenger jet disasters this year.

Tesco executive under suspension leaves company

The BBC has learned one of the Tesco executives suspended by the company over the £260m profit misstatement has left the company.

SFO still not equipped to handle its most serious cases, report finds

The Serious Fraud Office was still not equipped to handle the most serious cases of corruption when it was last inspected last year, an official report has found.

HP earnings fail to impress investors ahead of split

Technology giant Hewlett-Packard's fourth quarter earnings failed to impress investors ahead of its big business split next year.

Amazon offers package collection at post offices

Amazon shoppers will be able to avoid missed deliveries in the runup to Christmas by collecting packages from their local post office.

RBS 'wanted critic Tomlinson's mortgage back'

A businessman who wrote a government report that criticised RBS has been told he can no longer remain a customer of the bank, Panorama has learned. In the 2013 report, Lawrence Tomlinson accused RBS of systematically wrecking viable businesses.

Apple $450 million e-book settlement gets final court approval

NEW YORK (Reuters) - A U.S. judge on Friday gave final approval to Apple Inc's (AAPL.O) agreement to pay $450 million to resolve claims it harmed consumers by conspiring with five publishers to raise e-book prices.

British Gas owner Centrica sees profits hit by mild weather

British Gas owner Centrica has reduced its earnings forecast, as milder winter weather cut into its revenues.

RBS fined £56m over 'unacceptable' computer failure

Royal Bank of Scotland (RBS) has been fined £56m by regulators after a 2012 software issue left millions of customers unable to access accounts.

Royal Mail says Amazon delivery service will hit its UK parcels business

Royal Mail shares slumped on Wednesday after the newly privatised postal service warned that its profits would be hit by Amazon launching its own delivery service.

Shell wins tax battle against Indian authorities

Oil giant Royal Dutch Shell has won a long-running court battle against Indian authorities over a tax dispute involving billions of dollars.

Post Office facing pre-Christmas strike action

Post Office staff who work in the company's supply chain have voted in favour of strike action over pay. The workers - who deliver and collect cash from post office branches - backed strike action by 76%, the Communication Workers Union (CWU) said.

Serco chairman to leave troubled government contractor

The chairman of Serco, the beleaguered outsourcing firm that has several contracts with the UK government, has announced he will leave the company.

Barclays may face massive new penalty over currency rigging

Barclays could face a huge new penalty for rigging currency markets after pulling out at the 11th hour from the settlement talks that led to £2.6bn of fines being slapped on six other big players in the currency markets.

Microsoft leapfrogs Exxon to become second largest firm

Energy giant Exxon has ceded its position as the world's second-largest public company to tech firm Microsoft, after concerns about the falling price of oil drove its shares down.

Virgin America shares soar on IPO as airline industry shakes off turbulence

Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared as much as 28% in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence.

Asda sees sales fall as 'shockwave' hits supermarkets

Sales at Asda have fallen, hit by what the retailer called "a shockwave" in the supermarket sector. Asda, which is owned by US grocery giant Wal-Mart, said sales at stores open more than a year were 1.6% lower in the third quarter, compared with the previous three months.

Sainsbury’s to splash out £150m on price cuts as it slumps to first-half loss

Sainsbury’s has slumped into the red after taking a one-off charge of £628m to pull out of building 40 new supermarkets and downgrading the value of 40 underperforming stores, just a year after writing off plans for 15 new supermarkets at a cost of £92m.

Apple to Fiat EU Tax Cases Should Be Finished Ahead of New Ones

The European Union should complete its four tax probes before it can “decide what to do next,” EU Competition Commissioner Margrethe Vestager said.

Serco shares plunge after it unveils plans to raise £550m

Outsourcing firm Serco's shares have plunged 32% after it unveiled plans to raise up to £550m through selling new shares and cut its profit forecast.

Twitter opening office in HK despite China ban

Social media giant Twitter has said it will open an office in Hong Kong in the first quarter of 2015. The messaging service has been banned from operating in China since 2009 over fears that it could be used to organise protests against the government.

Full investigation into the dominance of 'big four' UK banks confirmed

Britain's biggest banks face the prospect of being broken up by the competition regulator, in spite of warnings that this would be hugely expensive and hold back lending to the economy.

UK new car sales hit 2m mark

Britons have bought more than 2m new cars so far this year, following an unexpectedly sharp jump in sales in October.

Morrisons supermarket suffers another sales fall

Supermarket Morrisons suffered a 6.3% fall in sales in the three months to 2 November compared with a year earlier.

Toyota raises full-year profit forecast

Japan's biggest car manufacturer, Toyota, has raised its full-year profit forecast by 12.4%, citing a weaker yen and cost cutting efforts.

HSBC sets aside $378m for potential forex-rigging fines

HSBC has warned it is facing a $378m (£237m) penalty for rigging currency markets and a possible criminal investigation in France over alleged tax offences.

Samsung wobbles but stays its ground

Seoul (AFP) - Buffeted by sliding profits and emboldened competitors, mighty Samsung Electronics is looking unusually vulnerable these days, but analysts say its financial muscle and product diversity make "crisis" talk more than a little premature.

RBS reserves £400m for currency probe

Royal Bank of Scotland has set aside £400m to cover potential costs from an investigation into alleged manipulation of the foreign exchange market.

Sony reports a quarterly loss of $1.2bn

Japanese consumer electronics giant Sony has reported a net loss for the three months to September of 136bn yen ($1.2bn; £762m).

JP Morgan directors top income averages of investment banks

Investment banks may be cutting back on their trading activities but for those still in the market the money remains good – especially at JP Morgan.