Rolls-Royce has lost jet engine orders worth £2.6bn after Emirates airline cancelled a planned purchase of 70 A350 aircraft from Airbus.
International companies remain blasé about the threat of cyberattacks, despite a number of high-profile and costly breaches, according to a major survey out on Wednesday.
James Tomilson Hill, the Blackstone Group vice chairman who runs the company’s $58bn hedge-fund business, has emerged as a billionaire as the world’s largest private-equity firm and his art collection have surged in value.
Morgan Stanley and Banco Santander are hiring executives from the U.K. markets regulator for their London operations, as banks look to the watchdog for staff to see them through - and keep them clear of - probes.
Pimco is still hawking its "new neutral" expectations for interest rates to stay lower for longer, but some analysts are starting to express doubt.
Bad weather in the U.S., the crisis in Ukraine, rebalancing in China and the anticipated rise in interest rates will hit global growth this year, according to the World Bank, which has urged countries to continue urgent reforms.
Perhaps the most amazing thing about the O.J. Simpson case is that everyone in Los Angeles had a connection to it.
Convicted insider trader Mathew Martoma has been given almost seven more weeks to ponder his fate.
Deutsche Bank hired Marc Benton to replace Michael Hafner as head of its European energy investment banking business.
The more risk-averse Morgan Stanley that has emerged since the financial crisis may tell a tale of two Wall Streets. But it may also tell a tale of two businesses within the bank.