BlackBerry faces class action shareholder lawsuit

TORONTO: A class action lawsuit has been filed against BlackBerry by a shareholder claiming the company misled investors about its future, including how the BlackBerry 10 smartphone line would fare against competitors.

Samsung Electronics reports record-high profit for 3Q

SEOUL: Operating profit at Samsung Electronics hit another record high in the July-September quarter, likely driven by robust sales of its cheaper mid-range smartphones in developing countries.

BP wins reprieve over Gulf of Mexico payouts

Oil giant BP's attempts to limit claims over the 2010 Gulf of Mexico oil spill have been given a boost after a US appeals court halted some payments.

Boeing warns US shutdown could slow jet, defense deliveries

NEW YORK: Boeing Co is taking steps to deal with possible delays in jetliner deliveries, including its new 787 Dreamliner, caused by the federal government shutdown that has idled thousands of US aviation officials needed to certify the planes.

Google offers rivals more space to get EU deal

Google has agreed to give rivals more space on its website, raising the chances of a deal with Europe's antitrust authorities and reducing the risk of a hefty fine.

Over-complicated RBS must lend more, says new chief executive Ross McEwan on first day in charge

Ross McEwan, said he wanted to “create a bank that is known for exceptional customer service and not for failure”, admitting that “sometimes we make it too hard for our customers to do business with us”.

Airlines promise a return to civility, for a fee

NEW YORK: Airlines are introducing a new bevy of fees, but this time passengers might actually like them. Unlike the first generation of charges which dinged fliers for once-free services like checking a bag, these new fees promise a taste of the good life, or at least a more civil flight.