Facebook Shares Plunge on Aggressive Spending Plan Despite Robust Quarterly Results
Facebook forecast 75% increase in expenses for 2014.
China's Evergrande Launches Infant Formula Following Acquisition of Cowala Dairy
Evergrande, which acquired New Zealand dairy firm, enters booming dairy products business.
36 European Banks Would Have Failed Stress Test Based on Basel III Norms
Basel III is tougher global regulatory standard on bank capital adequacy, stress test and market liquidity risk.
Standard Chartered Profit Falls on Higher Costs and Bad Loans
Pre-tax profit for quarter ended on 30 September declines to $1.5bn from $1.8bn last year.
Japan Retail Sales Rise at Fastest Pace Driven by Apparels, Food and Beverages
Retail sales rose 2.3% year-on-year in September, representing biggest gain since March.
China Plans £105bn Investment in British Infrastructure by 2025
China will primarily invest in UK's energy, property and transport infrastructure.
Launch of Shanghai-Hong Kong Stock Connect Delayed
Shares in Hong Kong Exchanges and Clearing decline almost 5% in morning trade.
Oil Prices Drop as Goldman Sachs Cuts WTI and Brent Projections by $15 Per Barrel
Goldman lowers price projections of West Texas Intermediate to $75 a barrel from $90, and of Brent to $85 from $100.
China Fourth Quarter Growth Could Slow to 7.2% on Weak Domestic Demand
Song Guoqing, member of monetary panel at People's Bank of China, sees weak growth outlook.
Michael Jackson, Elvis Presley and Elizabeth Taylor among Top 10 Highest Earning Dead Celebrities
Others in list include Bob Marley, Marilyn Monroe, Albert Einstein and Bruce Lee.
Bitcoin Payments Accepted for Surgery at Major Polish Hospital in Warsaw
Warsaw hospital accepts payments in popular digital currency bitcoin for wider range of healthcare services.
Google CEO Larry Page Puts Sundar Pichai In Charge of Key Businesses
Pichai to oversee search, maps, Google+, commerce, advertising and infrastructure..
Raj Rajaratnam's Brother Makes $840,000 Settlement with SEC over Civil Claims
Rengan Rajaratnam settles insider trading case with US Securities and Exchange Commission.
Google Set to Spend $1bn in Long-Term Office Leases
Lease contracts have periods expiring between 2027 and 2028.
Swiss Banks Question Terms of US Tax Amnesty Deals
As many as 73 Swiss banks question more than dozen demands set out in agreement.
Microsoft Sales Beat Projections on Nokia Acquisition But Profit Falls
Acquisition of Nokia boosts company's revenues by 25% to $23.2bn.
UK Consumer Confidence Falls as Low Rate of Economic Growth Stokes Job Insecurity Fears
YouGov/CEBR consumer confidence index declines by 2.9 points to 111.2 points in October.
Tesco Sales and Profit Fall as Profit Overstatement Calculated at £263m
Sales for first half declined 4.4% to £34bn, while pre-tax profit fell 91.9% to £112m
Lloyds to Axe 9,000 Jobs and Shut Down Some Branches
Plan to be carried out over next three years as part of CEO Antonio Horta-Osorio's strategic review of business.
China Manufacturing Rises to Three-Month High But Demand and Employment Remain Weak
HSBC/Markit flash PMI rises to 50.4 in October, compared to 50.2 in September.
Facebook Paid No Corporation Tax in UK for Second Straight Year
Research firm eMarketer estimates £371m in revenues for Facebook in UK, compared to reported £49.8m
Seven Controversial Figures of Internet Freedom: Edward Snowden, Julian Assange and More
NeoMam Studios compiled a list of the most controversial figures of internet freedom.
Data Storage Maker EMC Buying Most of Cisco's Stake in Joint Venture VCE
EMC will consolidate VCE into its business and add joint venture's sales into its quarterly results
JPMorgan, UBS and Credit Suisse Fined €94m for Forming Cartels
European Commission fined banks for manipulating Swiss franc derivatives and Libor.
AbbVie Calls for US Corporate Tax Reform as $55bn Deal with Shire Collapses
CEO Richard Gonzalez said US-based companies at disadvantage to foreign competitors.
Microsoft Sets $84.3m Annual Pay Package for New CEO Satya Nadella
Package is largely comprised of long-term stock awards.
China 'Hacked' Apple's iCloud Service to Snoop on Sharing of Hong Kong Protest Images and Videos
Chinese government accused of staging man-in-the-middle (MITM) attack on Apple's iCloud.
Total CEO Christophe de Margerie Dies in Moscow Plane Accident
Three crew members also killed as de Margerie's private jet crashes at Vnukovo Airport.
Saudi's Largest National Commercial Bank to Become Fully Islamic in Five Years
Decision comes after Islamic scholars criticised bank for having non-Islamic businesses in connection with its float.
Standard Chartered to Close Thousands of SME Accounts in UAE
Move is part of bank's agreement with US regulator to settle money laundering charges.
