Lloyds Banking Group PLC is set to cut around 9,000 jobs over the next three years as part of a plan to reduce costs, according to a person familiar with the matter.
U.S. regulators are preparing to offer more public guidance for banks that provide debt for private-equity deals, after officials and financiers have tussled for months over acceptable lending practices.
With the health law’s insurance mandate for employers set to kick in next year, companies are trying to avoid the law’s penalties while holding down costs, using strategies like enrolling employees in Medicaid.
Russia’s economy, hit by Western sanctions, stopped growing in September, data from the economy ministry showed.
The European Parliament approved the lineup of Jean-Claude Juncker’s new European Commission, enabling the new team to start its five-year mandate on time on Nov. 1.
Dow Chemical Co., which has been selling off assets and streamlining its operations, said its profit rose as sales thrived across the company’s segments.
Asian investors are poised to buy a record amount of U.S. apartment buildings this year, as they move beyond luxury condos and marquee hotels.
Deutsche Lufthansa said it is close to selling its IT Infrastructure division to IBM and outsourcing its IT services to the technology company as part of a broader restructuring of its systems unit.
Yahoo reported a slight increase in revenue, helped in part by its growing mobile business, easing for now the pressure on CEO Marissa Mayer.
Stocks in Asia traded higher, reflecting gains on Wall Street overnight and bargain hunting by investors in Japan, where markets have been especially volatile.
Procter & Gamble shook up its senior management ranks, naming new leaders for key businesses and narrowing the field of potential successors to CEO A.G. Lafley.
Several executives at J.P. Morgan Chase in New York were warned of potential problems related to the bank’s hiring practices in China more than a year before the program came under scrutiny by the U.S.
U.S. stock futures were little changed Wednesday, pausing after a three-day rally that carried the Dow back into positive territory for the year.
Consumer prices rose slightly in September, the latest sign of modest U.S. inflation pressures amid concerns of a global slowdown.
Northrop Grumman reported a 5% decrease in third-quarter earnings as the defense contractor works to reduce its pension costs.
Stanley Black & Decker Inc. said its profit rose 43% in the most recent quarter as the company boosted its margins and sales and results topped analysts’ expectations.
Bank of England officials grew gloomier about the U.K.’s economic prospects in October, citing increasing headwinds from overseas and a slowdown at home, according to minutes of this month’s policy meeting.
European stocks steadied at near two-week highs, following a rally sparked by the possibility of further stimulus measures from the European Central Bank.
BGC Partners plans to make a hostile bid to buy rival GFI Group for $675 million after an effort to strike a friendly deal between the interdealer brokers foundered.
Confidential arrangements for multinational companies like Amazon and Fiat save taxes but now are under pressure from the EU.
AT&T lowered its revenue outlook for the year, pointing to fewer-than-expected sign-ups for its no-contract Next wireless plans that require customers to pay full price for their smartphones.
General Dynamics Corp. on Wednesday reported forecast-beating quarterly profits and increased its 2014 guidance, with signs that orders for its core combat and information technology units have bottomed out.
Total named refining and chemicals head Patrick Pouyanné as its new chief executive, after the death of Christophe de Margerie in a Moscow plane crash.
Norfolk Southern said third-quarter earnings rose 16% as it became the latest railroad operator to report increased freight traffic.
Boeing said its earnings increased, buoyed by continued strong demand for the aerospace giant’s jetliners. Results easily outpaced market estimates, and the company again raised its earnings guidance for the year.
Days after the Japanese government approved plans to build a floating train that would halve the travel time between the country’s two largest metropolitan areas, supporters of the technology are stepping up their campaign to bring a similar system to the Northeast Corridor of the U.S.
McDonald’s outlined plans for what it called fundamental changes to its business as it reported one of its worst quarterly profit declines in years, driven by problems in nearly every major part of its business.
A push to tighten mortgage-lending standards in the wake of the housing bust has given way to making credit more accessible as Washington frets about the strength of the housing recovery.
The Japanese electronics giant is considering slashing its smartphone sales target again, as the business struggles against competition, especially in emerging markets.
Total is expected Wednesday to name a successor to CEO Christophe de Margerie, who died in a Moscow plane crash. He moved the company away from Europe’s aging oil fields to riskier, resource-rich nations.