Wal-Mart lowers profits guidance

Wal-Mart has trimmed its trading outlook for this year, citing a range of one-off costs including the closure of some stores in China.

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.

JP Morgan in record $13bn settlement with US authorities

US bank JP Morgan Chase has agreed to a record $13bn (£8bn) settlement with US authorities for misleading investors during the housing crisis.

BP compensation fund for Gulf oil spill victims at risk of running out

BP could soon run out of cash in the compensation fund set up for victims of the Deepwater Horizon disaster, unless it is successful in a legal challenge that will be heard in court next week.

General Motors CEO says dividend, share buyback possible

DETROIT: General Motors CEO Dan Akerson says the company's finances are sound enough to consider paying a dividend or even buying more stock from the US government.

Panasonic investigated in US for alleged bribes: Report

WASHINGTON: The US government is investigating whether a unit of Japanese electronics giant Panasonic Corporation paid bribes abroad to facilitate business deals, The Wall Street Journal reported Monday.

HSBC blasted for 'stunning failures over oversight'

The US says "dangerous practices" at HSBC allowed the bank to pass money to "drug kingpins and rogue nations", fining it $1.9bn (£1.2bn). HSBC agreed the fine, the largest of its kind, earlier on Tuesday.