Vince Cable rebuts claim government massively undervalued Royal Mail

Vince Cable has continued to contest claims that the government significantly undervalued Royal Mail, costing taxpayers £750m on the day of the postal service was privatised in October.

French president meets rival German and US bidders for Alstom

French president François Hollande met rival German and US bidders for Alstom, one of France's prime industrial assets, on Monday amid concerns that the company will fall into American hands.

Barclays in $280m settlement with US regulators

Barclays agreed to a $280m (£167m) settlement with the US Federal Housing and Finance Authority (FHFA).

Wal-Mart Names China CEO to Head Asia as Regional Sales Slow

Wal-Mart Stores Inc. (WMT) named its top China executive to head its Asian operations amid store closures and sluggish sales in the region that have hampered the retailer’s attempts to counter slowing growth in the U.S.

Microsoft and Nokia complete mobile phone unit deal

Microsoft has completed its purchase of Nokia's mobile phone business for 5.44bn euros ($7.5bn; £4.5bn).

Facebook earnings surge on mobile advertising

Social networking giant Facebook has reported profits of $642m (£383m) during the first quarter of 2014, beating analyst expectations.

GM accused of hiding ignition flaws in 2009 bankruptcy

Lawyers pressing cases against General Motors say the automaker concealed the controversial ignition defect when it "took billions of dollars in taxpayer money" during its government-sponsored bankruptcy in 2009.