US sues Wells Fargo for mortgage fraud
The US filed suit Tuesday against US banking giant Wells Fargo, alleging mortgage fraud that cost the government hundreds of million of dollars after the holders of the home loans defaulted.
Japan auto giants to halve Chinese output: report
Japan's top three carmakers will halve production in China following a sales slump there sparked by a backlash over a territorial row between Tokyo and Beijing.
Samsung tips record Q3 profit of $7.3 bn
South Korea's Samsung Electronics said Friday it expected a record operating profit of 8.1 trillion won ($7.3 billion) in the third quarter, boosted by sales of its flagship Galaxy smartphones.
Apple smartphones gaining on Samsung in US
Apple narrowed the gap with Samsung smartphones in the precious US market in the months before the release of the hot-selling iPhone 5 model.
04 October 2012 14:28
Gold mine evicts workers as S.African strikes spread
A leading gold mine in South Africa started evicting thousands of its striking workers from company dormitories on Tuesday as work stoppages spread to more gold and platinum mines.
Two S. Korea nuclear reactors shut down
Two South Korean 1,000-megawatt nuclear reactors were shut down Tuesday at separate plants, both as a result of unrelated systems malfunctions.
02 October 2012 17:54
New York sues JPMorgan over mortgage securities
The state of New York filed suit against JPMorgan Chase and its subsidiary JPMorgan Securities Monday over the allegedly fraudulent sales of mortgage-backed securities ahead of the US financial crisis.
Xstrata, Glencore announce new deal for massive tie-up
Swiss mining group Xstrata and commodities giant Glencore said on Monday they had agreed on new terms for their tie-up to create a massive company worth about 70 billion euros ($90 billion).
02 October 2012 13:19
World's 2nd largest steel firm born in Japan
Japan's Nippon Steel and rival Sumitomo Metal Industries formally merged on Monday, creating the world's second largest steelmaker amid intensifying global competition.
02 October 2012 10:02
Chevron pays $17.5 mn fine for Brazil spill
US oil firm Chevron has paid a $17.5 million fine for a major spill off Rio de Janeiro state last year, Brazilian authorities said Thursday.
30 September 2012 14:59
Heineken takeover of Tiger Beer maker approved
Shareholders in the parent company of the Singapore-based brewer that makes Tiger Beer on Friday approved the firm's takeover by Dutch giant Heineken.