Seventeen people were indicted on Wednesday on charges of running a high-end prostitution ring that catered to Wall Street clients who often spent more than USD 10,000 in a night, authorities said.
Standard & Poor's Ratings Services has affirmed its 'A/A-1' long-term and short-term local and foreign currency rating for Oman, removing the country from CreditWatch with negative implications, where they were placed on March 7, 2011.
Google Inc is introducing a credit card for its advertising customers, offering its clients a credit line to try and drum up business as competition in the online ad market heats up.
German Chancellor Angela Merkel and French President Nicolas Sarkozy have sorted out their dispute over involving private creditors in a second financial rescue of debt-laden Greece, clearing the way for a long-awaited deal at an emergency summit of eurozone leaders in Brussels today.
India has said discussion on climate change in the Security Council is a welcome step, but maintained that the 15-member body does not have tools to deal with the issue.
HSBC's China Flash PMI for July dropped by its fastest pace since March 2009 and pointed to a monthly contraction in the country's vast manufacturing sector for the first time in 12 months, the purchasing managers' survey showed on Thursday, while a price sub-index signalled rebounding inflation.
EBay Inc on Wednesday reported that its second-quarter results were dented by acquisition costs, and the e-commerce company forecast third-quarter profit just below analyst forecasts, sending shares 1%.
Groupon Inc's rapid growth has attracted rivals and regulators, a twin threat to the largest online daily deal company as it gets ready for an initial public offering.
McDonald's Corp loses a lawsuit over its Happy Meal advertising practices.
Intel Corp's quarterly revenue forecasts trumped Wall Street's expectations, defying investors' concerns about slowing personal computer sales and buoying its shares.
Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe.
Qualcomm Inc's improving financial outlook was not enough to impress investors disappointed with its wireless chip shipment target during a quarter when new advanced devices like the next generation Apple Inc iPhone are expected to go on sales.
The White House signaled on Wednesday it could support a short-term increase in the US borrowing limit for "a few days" if lawmakers agreed to a broad deficit reduction deal but needed more time to pass it.
The US Federal Reserve is actively preparing for the possibility that the United States could default as a deadline for raising the government's USD 14.3 trillion borrowing limit looms, a top Fed policymaker said on Wednesday.
British Premier David Cameron today faced tough questions in the parliament over the extent of his relationship with Rebekah Brooks and was forced to defend himself over reports he attended a Christmas bash at the house of the former News International CEO.
Banks are poised to offer a complex Greek rescue proposal, which excludes a bank levy, to a meeting of euro zone leaders on Thursday, industry sources said.
British Prime Minister David Cameron, defending his integrity in an emergency debate in parliament on Wednesday, said he regretted the uproar caused by his hiring of a former newspaper editor at the heart of a phone-hacking scandal.
AMR Corp, parent of American Airlines, plans to buy 460 narrowbody Boeing Co 737s and Airbus EADS A320s beginning in 2013 through 2022, calling it the "largest aircraft order in aviation history."
The International Monetary Fund warned on Tuesday that Europe's debt crisis could have a major global impact if not tackled quickly and it urged euro zone leaders to beef up the region's rescue fund and recapitalise its banks.
Robert Mudroch today sought to allay his workforce telling them that News Corp would bounce back from the phone hacking scandal.
British Prime Minister David Cameron will be grilled by parliament on Wednesday about his decision to employ a former tabloid newspaper editor caught up in a phone-hacking scandal that has rocked Britain's establishment.
A dramatic day for the Murdoch empire, as Rupert Murdoch and his son appeared before a parliamentary committee on allegations of phone hacking and corruption. Author of Wilful Blindness: Why We Ignore the Obvious at Our Peril, Margaret Heffernen talks about the proceedings and her takeaways.
Two Taliban spokesmen said their mobile phones, emails and a website had been hacked and messages issued on Wednesday falsely reporting the death of the movement's supreme leader Mullah Mohammad Omar.
South Korea's Samsung Electronics Co launched an upgraded version of its Galaxy tablet in its lucrative home market on Wednesday, seeking to stem the runaway success of Apple Inc's iPad.
For those who think a deeply indebted United States has begun its long, slow fade as the world's dominant financial power, the loss of the country's gold-plated AAA credit rating would seem poetic justice.