Siemens Preps Bid for U.S. Firm

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Siemens is preparing a multibillion-dollar offer for U.S. energy firm Dresser-Rand, according to people familiar with the matter, likely edging out an earlier offer from Swiss rival Sulzer.

Did you follow Scotland's attempts to break free from Great Britain?

Pressure on Sterling May Continue Despite Scottish 'No' Vote

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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.

Brooklyn Man Charged as Middleman in Insider Trading Ring

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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.

ITT Under Scrutiny from Two U.S. Federal Agencies

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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.

Alibaba IPO Leaves Investors Wanting More

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Despite the big pop enjoyed by participants in Alibaba Group Holding Ltd.'s initial public offering, investors were still hungry after company made its trading debut at $92.70.

Judge Tells GM to Open Defect Files

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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.

Glaxo Guilty of Bribery in China

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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.

Prada Revenue Rises in First Half

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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.

Tesla Motors Releases New Software Suite

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Tesla Motors Inc. released a suite of software changes Friday to its electric Model S designed to help the driver dodge traffic, extend range and give the car a nickname.

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