COMPANIES

Detroit makes history by filing for bankruptcy owing billions of dollars in debts

Weekend elections in Japan fuel a selling spree

Chancellor George Osborne unveiled draft tax breaks to drive investment in shale gas production

Rising costs and plummeting sales will force more businesses to close than open

Consultancy group Mercer warns that rising base salaries "weakens" efforts to clamp down on reckless bankers.

US Federal Reserve could increase the pace of bond purchases if needed, says chairman.

Settlement that could result in the the largest payment ever to the US energy market regulator, reports WSJ

GSK's British head of finance is banned from leaving China after head of operations Mark Reilly's flight.

Prime Minister Antonis Samaras's two-party coalition scrapes through vote.

There is no set timeline for reducing US monetary stimulus.

Vacancies unchanged at 2% in first quarter as investment trust tackles challenging market.

G20 finance ministers to discuss impact of Fed asset purchase programme tapering this weekend

Heathrow bosses unveil third runway plans submitted to Airports Commission

China Food and Drug Administration announces six-month campaign to stop sales of illegal medicine.

ONS says number of people out of work for over a year at highest since 1996.

Q2 net profit rose 101% but investors worried about growth prospects amid Fed stimulus cut.

Diamond Electric becomes 10th auto-parts company to plead guilty in the US Department of Justice's long-running investigation

Financial exchanges are prime targets say International Organization of Securities Commissions and the World Federation of Exchanges Office

US regulator Ferc imposes record fine on Barclays and power traders Daniel Brin, Scott Connelly, Karen Levine and Ryan Smith.

Commercial extraction may mean government stripping local council planners of powers.

RWE npower report says energy bills in Britain to rise by 2020

Nigel Lawson-led panel for the Institute of Economic Affairs offers prize for best strategy if Britain votes to exit EU

Ongoing financial crisis and higher unemployment in Europe continued to affect vehicle demand

International Monetary Fund fears FTT could have negative impact on transaction volumes.

Baidu joins other Chinese giants, such as Alibaba, cater for growing mobile services demand

Eurobank completed New Hellenic Postbank and New Proton Bank acquisitions to strengthen its banking sector

Countries struggle with debt while Greek workers strike and Spain hopes to raise €4bn through a bond auction

Falling revenue and high input costs have hurt the profitability of the business, according to the company.

Investors who are only permitted to hold London-listed shares would prefer all-cash deal