U.S. President Barack Obama will attend India's Republic Day celebrations in January as chief guest, a sign of steadily expanding ties between two countries that share concerns about China's growing power in Asia.
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Fund boards, management go on high alert around bond liquidity
U.S. fund firms are taking extra measures to make sure they don't get stuck holding hard-to-sell bonds in the event that fixed income markets see a massive race to the exits when interest rates start to rise.
Apple $450 million e-book settlement gets final court approval
A U.S. judge on Friday gave final approval to Apple Inc's (AAPL.O) agreement to pay $450 million to resolve claims it harmed consumers by conspiring with five publishers to raise e-book prices.
Global M&A deals cross $3 trillion for first time since 2007
Mergers and acquisition deals announced so far this year have topped $3 trillion, the highest since 2007, helped by mega deals in the healthcare, energy and power sectors.
Amazon plans ad-supported video streaming service: NY post
Online retailer Amazon.com Inc will release a new ad-supported video streaming service early next year, the New York Post reported, citing sources.
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Boeing Co (BA.N) on Friday welcomed a decision by Japan to buy V-22 Osprey tilt-rotor aircraft that it builds together with Bell Helicopter, a unit of Textron Inc (TXT.N).
Bank of America has hired two U.S. government officials to join its financial crimes team, according to three people familiar with the matter, as banks are under increasing pressure to police their transactions for suspicious activity.
The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc (BKW.N) of Canada's iconic coffee-and-donut Tim Hortons Inc (THI.TO), Industry Minister James Moore said on Friday.
American Airlines Group Inc (AAL.O) subsidiary Envoy Air plans to transfer at least 50 Embraer 145 (EMBR3.SA) aircraft to other regional carriers beginning in early 2015 in a move that will lead to job cuts, according to an internal letter reviewed by Reuters.
Aereo Inc, the online video streaming company backed by media mogul Barry Diller, has filed for bankruptcy protection. The Chapter 11 filing on Thursday night came five months after the U.S. Supreme Court said Aereo violated broadcasters' copyrights by capturing live and recorded programs on miniature antennas and transmitting them to subscribers who paid $8 to $12 a month.
World stock markets and oil prices rallied on Friday, fueled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.
U.S. stock investors head into the Thanksgiving holiday thankful for the market's recent strength, which puts major indexes on track for another year of double-digit gains, though the swiftness of the advance has raised eyebrows.
The Pentagon said on Friday it had awarded Lockheed Martin Corp (LMT.N) a contract valued at $4.7 billion for an eighth batch of F-35 fighter jets that lowered the average price per jet by 3.5 percent from the last contract, and 57 percent from the first batch.
While the fall in the oil prices is generally regarded as positive for many businesses, it has a major influence on inflation expectations, interest rates and bond prices at the global level.
