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LONDON — Barclays PLC revealed Friday that it is slashing its bonus pool after earnings at its investment banking division fell sharply and dented overall profitability.
The push by Afghanistan's president to nationalize legions of private security guards before the end of March is encouraging corruption and jeopardizing multibillion-dollar aid projects, according to companies trying to make the switch.
French oil company Total SA forecast higher production this year while revealing Friday that higher oil prices helped it post a 12.8 percent rise in fourth quarter profits despite a drop in output.
NYSE Euronext on Friday said costs related to its collapsed merger with German stock market Deutsche Boerse caused a slump in fourth quarter earnings.
A landmark $25 billion settlement with the nation's top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit.
Oil prices fell to near $99 a barrel Friday in Asia as encouraging news about the U.S. economy was tempered by European demands for Greece to make further spending cuts before getting a new bailout.
HOLD STEADY: Vodafone Group PLC, the world's largest mobile communications company, says revenue held steady in the final three months of 2011 as double-digit gains in India and Turkey were offset by slumps in Italy and Spain.
World stock markets dropped Friday after Europe's finance ministers demanded more spending cuts from Greece before clearing a euro130 billion ($170 billion) bailout to stave off the country's bankruptcy.
The Food and Drug Administration is preparing to review the first lower-cost versions of biotech drugs, expensive medications which have never before faced generic competition.
Workers stashed money away in their 401(k) retirement plans at a faster clip last year but didn't get an immediate reward for their savings strategy. Fidelity Investments, the nation's biggest 401(k) administrator, says the average account balance was essentially unchanged in 2011, compared with 2010.
An heir to the Guerlain perfume empire went on trial Thursday in Paris on charges he made racist insults on national television.
The Commodity Futures Trading Commission is looking at high-frequency traders to gauge their importance in the markets and consider possible new rules for them.
More than two years after it came clean about its addiction to debt, Greece may finally have begun its long and painful road to recovery.
As if bankrupt American Airlines didn't have enough problems, along comes consumer advocate Ralph Nader, who's really steamed that for a flight Saturday to Dallas/Fort Worth Airport, the only way for a non-frequent flyer to get an aisle seat was to pay a full $2,680 fare instead of the $700 price he'd already paid.
A landmark $25 billion settlement with the nation's top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit.
Wheat prices fell Thursday after the government predicted global inventories would reach a record high by summer.
China last month sent a senior official to symbolically hand over the keys to a nine-story twin tower to house Uganda's president and prime minister, a gift from Beijing.
Greece's political leaders on Thursday agreed to steep government cutbacks and economic reforms to qualify for a euro130 billion ($170 billion) bailout from other countries in Europe and around the world.
Leather seats are disappearing from cars. Precious jewels are vanishing from drawers. TVs are spirited out of homes in the dead of night.
The largest chemical conference in the Asia-Pacific region is returning to the Hawaii Convention Center in 2015.
