Business

Credit Suisse To Raise $6 Billion As New Chief Revamps Strategy

Credit Suisse (CSGN.VX) has set out plans to raise 6 billion Swiss francs ($6.3 billion) from investors, slim down its investment bank and cut...

Sony To Pay Up To $8 Million In Hacking Lawsuit

Sony Pictures Entertainment Inc has agreed pay up to nearly $8 million to resolve a lawsuit by employees who claimed their personal data was...

Morgan Stanley Quarterly Profit Drops 42 Percent, Shares Plunge

Wall Street bank Morgan Stanley (MS.N) reported a quarterly profit that fell far short of market expectations, capping a generally downbeat quarter for big...

Oprah Winfrey To Buy 10 Percent Stake In Weight Watchers

Talk-show host and media magnate Oprah Winfrey is buying a 10 percent stake in Weight Watchers International Inc (WTW.N) in a vote of confidence...

Wall St. Falls As Morgan Stanley Results Disappoint

U.S. stocks opened lower on Monday after a swathe of weak results led by Morgan Stanley and Halliburton. Morgan Stanley's shares (MS.N) fell 6.2 percent...

Asia Stocks Near Two-Month Highs On Encouraging China Data

Asian shares held two-month highs on Monday as a batch of Chinese data showed the economy slowing while still managing to reassure investors it...

Apple Patent Case: Wisconsin University Wins Huge Damages

A US jury has ordered technology giant Apple to pay more than $234m (£152m) in damages for patent infringement. The Wisconsin Alumni Research Foundation, the...

Google Book-Scanning Project Legal, Says U.S. Appeals Court

A U.S. appeals court ruled on Friday that Google's massive effort to scan millions of books for an online library does not violate copyright...

University Cannot Get Triple Damages In Patent Fight With Apple

The University of Wisconsin-Madison's patent licensing body will not be able to extract triple damages from Apple as a jury weighs how much the...

GE Beats Profit Expectations As Aviation Counters Weak Oil Segment

General Electric Co (GE.N) reported a better-than-expected quarterly profit on Friday, helped by cost cuts and higher sales of its jet engines business that...