JPMorgan nears $2 billion settlement in a case tied to Madoff: Reports

JPMorgan Chase & Co is nearing a $2 billion settlement with federal authorities to resolve suspicions that the bank ignored signs of Bernard Madoff's Ponzi scheme, the New York Times reported, citing people briefed on the case.

Facebook sued over alleged private message 'scanning'

Facebook is facing a class action lawsuit over allegations that it monitors users' private messages. The lawsuit claims that when users share a link to another website via a private message, Facebook scans it to profile the sender's web activity.

Japan Companies Say Recovery to Survive Higher Tax, Poll Shows

More than 80 percent of large Japanese companies expect the nation’s economic recovery to survive Prime Minister Shinzo Abe’s planned sales tax increase in April, according to a survey by the Mainichi newspaper.

Ford, Chrysler close 2013 with more gains in US sales

CHICAGO: Ford and Chrysler closed out 2013 by extending strong sales gains Friday as the booming US auto industry was expected to rack up its best performance in years.

Wal-Mart recalls donkey meat in China

Wal-Mart has recalled a donkey meat product in China after tests showed that it contained DNA of other animals.

Restoring trust in Barclays 'to take five to 10 years'

Barclays chief executive Antony Jenkins says he expects it to be five to 10 years before he can restore public trust in the bank. Mr Jenkins said that people in large organisations, "want to do the right thing - it's sometimes that they perceive the right thing differently".

Fiat reaches deal to buy remaining 41.5% of Chrysler shares

Italian car manufacturer Fiat announced on Wednesday that it has reached an agreement to acquire the remaining shares of Chrysler for $3.65bn (£2.2bn) in payments to a union-controlled trust fund.