Brazilian construction giant Odebrecht and petrochemical affiliate Braskem have agreed to pay a record $3.5 billion to settle a vast international bribery case, US officials said Wednesday.
The US Federal Reserve on Wednesday raised the benchmark interest rate by a quarter percentage point as expected, citing an improving economy with one month to go before President-elect Donald Trump takes office.
(AFP ) European equities surged and US stocks hit fresh records Wednesday in anticipation the European Central Bank will extend its stimulus, and amid optimism about the American economy after the presidential election.
Robert Vaughn, best known for his role as Napoleon Solo on the hit US television spy series "The Man from U.N.C.L.E" died Friday of acute leukemia aged 83, his manager said.
Federal prosecutors have begun a probe into the Wells Fargo bogus accounts scandal, the Wall Street Journal reported Wednesday.
The dollar strengthened Wednesday against major currencies, including the euro and the pound, following the release of encouraging jobs data.
Strong US retail sales lifted the Dow to a fourth straight record Friday as global equity markets finished a big week of gains on a muted note.
The pound surged Thursday after the Bank of England unexpectedly left interest rates unchanged following the Brexit vote but signaled a rate cut could come at its August meeting.
A Beverly Hills billionaire is teaming up with other investors to buy Hostess -- maker of such snacks as Twinkies and Ding Dongs -- for $2.3 billion, it was reported today.
Ratings agency Standard & Poor's removed the United Kingdom's coveted AAA status on Monday because of its vote to leave the European Union, downgrading it by two notches with a long-term negative outlook.