Canadian firm Bombardier sells 10 jets for $259m

Canadian aerospace manufacturer Bombardier has announced it has sold 10 Challenger jets for $259m (£157m) to an anonymous buyer.

Barclays fined $3.75m after record-keeping failure

Barclays has been fined $3.75m (£2.28m) by a US regulator for allegedly failing to keep proper electronic records, emails and instant messages.

Apple CEO Tim Cook's 2013 pay steady but sees part of stock award shrink

SAN FRANCISCO: Apple Inc CEO Tim Cook earned roughly the same in 2013 as in 2012, but lost part of his performance-based stock award during a year in which intense competition and margin pressure bludgeoned the iPhone maker's stock.

Toshiba to buy majority stake in UK nuclear consortium

Japanese group Toshiba has confirmed that it is in the final stages of securing a majority stake in a British nuclear power consortium, bringing a further boost to the UK's ambitious nuclear programme.

UK car production nearing six-year high, SMMT says

Car production in the UK is set to reach a six-year high of more than 1.5 million vehicles this year, the industry's trade body has said.

Rolls-Royce: SFO launches formal bribery and corruption investigation

The Serious Fraud Office has opened a formal criminal investigation into allegations of bribery and corruption at aircraft engine maker Rolls-Royce.

Royal Mail's FTSE 100 debut sparks profit-taking by shares investors

Royal Mail has been a spectacular stock market performer since its flotation in October, but its debut in the FTSE 100 yesterday was an excuse for investors to cash in some of their gains.

AT&T to join rivals with 'transparency report'

Washington (AFP) - AT&T said Friday it would join rivals in the tech and telecom sector in publishing a "transparency report" about demands for information from law enforcement agencies.

Blackberry and Foxconn agree a five-year deal

Struggling smartphone maker Blackberry has agreed a five-year deal with Foxconn, the big Taiwan-based maker of electronic products and components.

European Commission rejects Google's latest proposals to settle antitrust case

The European Commission has rejected Google's revised proposals to settle a three-year antitrust row, its competition commissioner Joaquin Almunia said today.

Serco agrees to repay £68.5m after tagging scandal

Private security firm Serco has agreed to repay £68.5m to the government for overcharging to tag criminals, says the Ministry of Justice (MoJ).

GSK to stop paying doctors to make speeches

GlaxoSmithKline (GSK) is making major changes to its incentive schemes following a damaging corruption scandal in China.

Lloyds insurance market appoints its first female CEO Inga Beale

LONDON: The Lloyd's of London insurance market has appointed its first ever female chief executive, to replace Richard Ward who announced he was stepping down from the role in July.

RSA shares close down 7% as chief Simon Lee quits over Irish woes

Shares in RSA Insurance Group closed down 7.2% after the firm's chief executive, Simon Lee, resigned amid deepening problems at its Irish unit. RSA said he would leave the group with immediate effect.

General Motors sells stake in PSA Peugeot Citroen

DETROIT: General Motors Co. has decided to unload its 7 percent stake in French automaker PSA Peugeot Citroen.

BlackBerry extends key deadline to boost capital raise

TORONTO: BlackBerry Ltd , which recently concluded a $1 billion convertible debt offering, said it has agreed with its debtholders to extend an option deadline attached to the deal, giving potential investors a chance to buy up to a further $250 million in convertible debt.

American Airlines fined for misleading fliers on fares

American Airlines was fined by the Department of Transportation on Wednesday after its agents allegedly told customers that some of the airline's fees were government-imposed taxes.

Lloyds bank fined record £28m for 'serious failings'

Lloyds Banking Group has been fined £28m for "serious failings" in relation to bonus schemes for sales staff.

Mary Barra named GM CEO to become America's first female car chief

General Motors, America’s largest car manufacturer, has named Mary Barra its chief executive, making her the first woman to head a major auto firm.

Technology firms seek government surveillance reform

Leading global technology firms have called for "wide-scale changes" to US government surveillance. Eight firms, Google, Apple, Facebook, Twitter, AOL, Microsoft, LinkedIn, and Yahoo, have formed an alliance called Reform Government Surveillance group.

Verizon Schedules Jan. 28 Vote on Vodafone Wireless Deal

Verizon Communications Inc. (VZ) scheduled a shareholder meeting for Jan. 28 to vote on its $130 billion acquisition of Vodafone Group Plc (VOD)’s stake in their wireless joint venture.

Samsung and Philips among tech firms raided by EU

Samsung and Philips have revealed that they were among several consumer electronics companies raided recently by European Commission inspectors.

Nissan to Beat China Growth for First Time Since 2011

Nissan Motor Co. (7201) forecast its growth in China will outpace industrywide sales in the country for the first time in three years as consumers in the world’s largest auto market return to Japanese brands.

Autumn Statement: Business rate rises to be capped

Increases in business rates in England are to be capped at 2%, instead of being linked to inflation, the Chancellor, George Osborne, has announced.

Hewlett-Packard plans 1,100 UK job cuts

The computer giant Hewlett-Packard says it is cutting 1,124 posts in the UK as part of a global downsizing. The US company says it will start the process next year.

RBS must do better after payment fault, says boss

The boss of RBS has admitted the bank "has to do better" amid a day of disruption for many customers following a computer failure.

loyds and Nationwide drive best quarter yet for FLS

Lloyds Banking Group and Nationwide have driven the largest increase in quarterly lending since the Bank of England launched its Funding for Lending Scheme more than a year ago.

Amazon trialling the use of drones for parcel delivery

Amazon is testing delivering its parcels using drones, the company’s CEO has revealed. The company hopes to have the scheme up and running within five years.

GM Replacing China President as Socia Retires After One Year

General Motors Co. (GM), which sells more vehicles in China than in any other country, is replacing its president in the country after a year.