Uncertainties over the Scottish referendum had pushed the pound up and down. Now that the Scots have opted to stay in the U.K., investors say sterling will dance to a different tune: one played by the Bank of England.
A Brooklyn man has been charged as the middleman in a $5.6 million insider-trading scheme that involved passing tips through napkins and sticky notes near the clock at Grand Central Terminal, the U.S. Securities and Exchange Commission announced Friday.
Troubles in the nation's for-profit college industry accelerated on Friday as ITT Educational Services Inc. disclosed that two federal agencies have placed the struggling education company in their cross hairs.
Hundreds of car owners suing General Motors over an ignition-switch flaw got a boost on Friday when a New York judge ordered the auto maker to turn over internal documents about its handling of the defect to plaintiff attorneys.
GlaxoSmithKline said a Chinese court found its subsidiary in the country guilty of bribery, and fined the company close to $491.5 million, in what Chinese state media said was the largest ever corporate fine.
Italian fashion group Prada SpA saw sales inch up slightly in the first half, but profits fell, as growth in the Americas and the Middle East offset a decline in its leather goods sales and overall weakness in Europe.