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.