Stock prices were mostly higher in afternoon trading on Friday, as investors welcomed Scottish voters' decision to remain part of the U.K., while shares of Alibaba Group Holding Ltd. made its trading debut with a sharp gain.
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.
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.
India is expanding a campaign to reduce drug prices by capping the amount pharmaceutical companies can charge for more medicines and warning of jail time for executives at firms that don't meet output targets.