Wealth of 85 Richest Equivalent to That of Half the World's Population
Richest people are rigging rules to increase their wealth, says Oxfam.
UBS to Outsource Fixed Income Trading Platform in Cost-Cutting Drive
UBS will make use of standardised solutions from French trading software firms Murex and Ion Trading
SFO Received 'Blockbuster Funding' from UK Treasury to Probe Rolls-Royce's Bribery Abroad
UK Treasury allowed funding "in the low millions" of pounds for SFO's criminal probe of Rolls-Royce.
China Economic Growth Eases Amid Lower Spending and Tight Credit
China records growth rate of 7.7% in fourth quarter, down from 7.8% in third quarter.
Porn to Be Bitcoin's 'Killer App' as Sales of Site in Digital Currency Soar
Porn industry expected to widely adopt digital currency due to its anonymity feature.
Online Storage Provider Dropbox Valued at $10bn
Dropbox secures $250m funding from venture capitalists.
Russian Teenager Authored Malware Used in Target Data Breach
Cyber security firm IntelCrawler said new breaches at US retailers could appear very soon.
Bitcoin Trades Above $900 Despite Silk Road Forfeiture
Forfeiture is largest ever in US involving cryptocurrency.
Sales of Gaming Consoles Rise But New Game Sales Decline
Sales of video-game hardware rose 28% year over year to $1.37bn in December, according to NPD Group.
NSA Accused of Collecting 200 Million Text Messages Per Day
GCHQ also found to have used Dishfire program to tap Britons' communications.
US Senate Approves $1.1tn Spending Bill to Avert Shutdown
US Senate Approves $1.1tn Spending Bill to Avert Shutdown
China's Luxury Spending Falls Again as More Millionaires Look to Emigrate
Overall luxury spending fell by 15% while spending on gifts declined 25%.
Citibank to Replace Debit Cards Involved in Target Data Breach
Citi is second major bank in US to do so after JP Morgan Chase.
Defence Firm Altegrity That Vetted Snowden Faces $1.8bn Debt
US defence contractor Altegrity is holding company for USIS that vetted Edward Snowden and Aaron Alexis.
China Defends Blocking Facebook, Twitter and Bloomberg
China's ambassador to UK Liu Xiaoming says websites have to abide by country's law.
Top 10 Acquisitions by Google Including Nest
Google recently announced its acquisition of Nest Labs for $3.2bn – its second largest purchase after Motorola Mobility.
Emerging Markets Help China's Huawei Post Strong Profit Growth
Huawei's revenues in US and Australia slowed down due to security concerns.
Boeing Dreamliner Grounded After Battery Vents White Smoke
Japan Airlines-operated 787 Dreamliner was grounded in Tokyo after apparent problems with battery.
Japan's Toshiba to Buy Controlling Stake in British Nuclear Firm for £102m
Toshiba has been looking for outside opportunities after Fukushima disaster in 2011
Target's Payment Processors Could Face Hefty Fines Due to Data Breach
Payment networks Visa and MasterCard often levy fines on payment processors for cyber security breach.
China Bans Foreign Cars in Military
Xi Jinping ordered that army should use domestic car brands rather than foreign brands.
'More Agile' Airbus Beats Boeing in Commercial Market Share
Airbus commanded 51% gross market share in aircraft category above 100 seats at year end.
Nasdaq and S&P Look to Expand Index Offerings With Acquisitions
Companies are planning to bid for index businesses of Barclays and Northwestern Mutual Life.
Apple Fails to Block Probe of Top Execs Over E-Book Price Fixing
US District Judge denied Apple's plea to block antitrust monitor from probing its top officials Tim Cook and Al Gore.
Japan's Suntory to Become World's No.3 Liquor Company with $16bn Jim Beam Acquisition
US-based Beam owns premium liquor brands including Maker's Mark, Jim Beam and Canadian Club.
India Looks to Recover €270m from UK's AgustaWestland Over Scrapped Chopper Deal
India paid over 43% of €560m contract for 12 AW101 choppers.
Overstock.com Becomes First Major E-tailer to Accept Bitcoins
Overstock.com struck a deal with Coinbase to process bitcoin payments on its site.
'One in Five Non-Food Items Purchased Online in UK During Christmas'
Online sales of non-food items rose 19.2% in December, according to BRC.
China Overtakes US with $4tn in Trading
Growing business ties with emerging markets have helped world's second largest economy.
Singapore Taxes Certain Bitcoin Transactions
Gains from long-term investment in Bitcoins are not taxable, according to Inland Revenue Authority of Singapore (IRAS).
