FedEx indicted for shipping illegal online pharmacy meds
The US Justice Department announced that package-delivery giant FedEx has been indicted for allegedly facilitating the distribution of controlled substances and prescription drugs sold by illegal online pharmacies.
Government slaps $579 million penalty on India's Reliance
The Indian government has announced a new penalty of $579 million on the country's largest private company, Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row.
Gold shines as investors seek shelter; oil drops again
Gold prices zoomed this week to a four-month peak as investors sought shelter from weak eurozone data and fears of contagion from a bank's problems in Portugal, dealers said.
12 July 2014 16:25
Softbank in deal to merge Sprint, T-Mobile: report
Japan's SoftBank and Deutsche Telekom of Germany have reached a basic agreement for a merger between their US affiliates Sprint and T-Mobile US, the business daily Nikkei reported.
12 July 2014 13:44
Ride-share operator Lyft's New York launch hit snag
Ride-share operator Lyft was forced to postpone its planned launch in New York after a court intervened over demands that it satisfy local safety and licensing requirements.