BOE: U.K. Banks Need More Capital

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The Bank of England said U.K. lenders together had a capital shortfall of $41.96 billion at the end of 2012 and need to sell assets and restructure further to close the gap.

For Web Firms, Faster Access Comes at a Price

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Facebook, Google and Microsoft and other Internet companies have been paying broadband-service providers for connections to get faster and smoother access into their networks. Netflix has been reluctant.

China Manufacturing Hits a Nine-Month Low

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China saw a fresh sign of economic weakness on Thursday, as an initial gauge of manufacturing health slumped to a nine-month low in June.

Fed Result, China PMI Weigh on Asian Shares

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Asian markets were lower Thursday in the wake of Wednesday's Federal Reserve policy meeting outcome and a weak China PMI reading. The Hang Seng fell 2.2%.

Markets Flinch as Fed Eyes Easy-Money End

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Bernanke said the Fed could start winding down its $85 billion-a-month bond-buying program later this year, setting up a high-stakes test to see if the economy and markets can begin to stand on their own.

Facebook Plays Catch-Up in Video

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When Twitter bought video-sharing app Vine in October, it was largely viewed as a consolation prize after Facebook snapped up photo-sharing app Instagram. But now, Facebook is trying to catch up to Twitter in video.

GM Sticks to China Growth Plan

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General Motors is sticking to a goal of quadrupling its share of the Chinese market for luxury vehicles by the end of this decade even as it acknowledged a slowdown in the market and increasing risks there.

As Sanctions Bite, Iran Invests in Georgia

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Economic sanctions against Iran have made it hard for Iranians to do business abroad. But Iranian businessmen are flocking to Georgia, a U.S. ally in the Caucasus region, to pursue profits.

FedEx Reins In Expectations

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FedEx's earnings were weighed down by restructuring charges in the latest quarter, and the shipping company reined in expectations amid weakness in its international priority business.

How I Built GoPro Extreme Sports Camera

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Surfer, seeking a way to film his stunts, finds he has to invent it.

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