Asian shares headed for the biggest loss since September 2011 and bond risk surged on concern the Federal Reserve may phase out stimulus and as China's cash crunch worsened.

China's manufacturing is shrinking at a faster pace this month, adding to stresses in the economy and financial system after interbank borrowing costs surged to the highest in seven years.

The parent of United Airlines said it would add a minimum annual spending level that passengers will have to meet to qualify for elite frequent-flier status.

Company abruptly fires its founder on the day it was scheduled to hold its annual shareholder's meeting. new. Former Men's Wearhouse chairman George Zimmer is seen in 2008.

Four large U.S. banks have failed to comply with key elements of a landmark $25 billion mortgage settlement, an independent monitor said Wednesday.

The cost of living in the US rose slightly in May as higher energy costs were offset by the first drop in food prices in almost four years, signalling inflation remains at bay.

Wed Jun 19, 2013 3:46pm EDT. By Nivedita Bhattacharjee. June 19 (Reuters) - FedEx Corp reported a higher-than-expected quarterly profit on Wednesday as it cut costs and its U.S.

TOKYO | Tue Jun 18, 2013 12:54pm EDT. TOKYO (Reuters) - New York-based hedge fund Third Point said it has raised its stake in Sony Corp and urged the Japanese company to create an independent board to run a partially spun-off entertainment arm with ...

Two San Francisco property owners dubbed "landlords from hell" for making their tenants' lives unbearable before fleeing to Italy and hiding out for two years have been convicted of a raft of crimes in the case and will do state prison time, authorities ...

Israel's Stratasys, which manufactures higher-end 3D printers, has bought the New York desktop 3D printing manufacturer for up to $604 million.