GlaxoSmithKline (GSK ), reported third-quarter revenue down 3 percent to £5.6 billion, lower than the £5.7 billion forecast by analysts, as sales of its blockbuster asthma drug Advair continued to fall.
The Federal Reserve's New York branch knew about risks JPMorgan Chase was taking with its massive 'London Whale' derivatives bets four years before they imploded, but it failed to act properly to head them off, the U.S. central bank's inspector general said.
Douglas Flint, the chairman of Europe's biggest bank, says restrictions on pay are hitting banking industry and making it difficult to hire top talent
Former SAC Capital portfolio manager Mathew Martoma lost a bid to remain free while he fights a conviction for perpetrating the most lucrative insider-trading scheme in U.S. history, as a federal judge expressed doubt that his appeal will succeed.
Bank of England policymakers remained split over whether to raise interest rates immediately, with two members of the nine-strong monetary policy committee (MPC) voting in favour this month.
Asos chief Nick Robertson has swept aside rumours that the online fashion retailer is about to be swallowed by Amazon, declaring the internet company was not his “dream partner”.
A new Ebola vaccine could be ready to send to West Africa within the next three months, NewLink Genetics Chairman and CEO Charles Link says.
Despite an earnings beat, things still don't look so good for Yahoo -or CEO Marissa Mayer, industry experts said.
Tesco is poised publish the details of its new chief executive’s multimillion-pound golden hello.
Royal Bank of Scotland has escaped €115m of fines for alerting the European commission’s competition watchdog to two attempts to fix the prices of key interest rates.
Credit ratings agency Standard & Poor's is formally acknowledging what Warren Buffett watchers have known for years: Berkshire Hathaway has transformed itself from an insurance holding company to a full-fledged corporate conglomerate.
Amazon is at the centre of a row about a warehouse development in Kent that is set to benefit from almost £50m of government funding and threatens the future of a listed medieval church.
Low oil and gas prices are close to triggering a wave of bankruptcies and debt defaults among US producers, investors fear. The fall in the oil price to levels that are punishingly low for producers is putting up to $88bn of borrowings potentially at risk.