Prosecutors are probing whether UBS's French unit helped bankers from the parent company in Switzerland approach and encourage French clients to open Swiss bank accounts that allowed them to evade taxes.
Interest in Myanmar's potential has reached feverish levels as reforms have intensified, but reality is struggling to match expectations as leaders gather for the East Asian edition of the World Economic Forum.
Glencore Xstrata and Blackstone Group are among the suitors circling the Canadian iron ore operations that Rio Tinto has put on the block. The 59% stake in Iron Ore Co. of Canada could fetch about $4 billion.
Evolution: It is messy, it takes time and some people don't even believe in it. But it is essential for a select group of growing oil and gas companies that they master it.
A month of rising U.S. Treasury yields spurred a selloff last week among dividend-rich stocks like utilities and REITs that had benefited from rock-bottom interest rates. Now the question is: Will Treasury yields go higher?
HSBC's gauge of manufacturing activity in China slipped into contractionary territory in May, despite the country's official reading showing a slight improvement.
Some mortgage investors got an unexpected refresher course on the risks of subprime debt when they received notice of $1 billion of previously undisclosed losses.
Bank of America's fight for approval of an $8.5 billion settlement with investors over soured mortgage securities has one giant hurdle in its path: AIG.
Freight Cars Fall Into River in Ontario Derailment
A container train operated by Canadian Pacific derailed in northwestern Ontario on Sunday as it was crossing a bridge, sending about 11 cars into the Wahnapitae River as the bridge collapsed. No injuries were reported.
"After Earth," a postapocalyptic adventure starring the typically bankable Will Smith, opened to a weak $27 million in estimated box-office receipts in the U.S. and Canada.
A prominent Chinese developer and a scion of the Safra banking family have purchased a 40% stake in the General Motors Building in a deal that values the Manhattan property at approximately $3.4 billion.
A prominent proxy adviser said Sprint Nextel shareholders should vote for a $20.1 billion acquisition by SoftBank, but set aside the question of whether the deal is better than a rival proposal from Dish Network.
A venture of Crown Acquisitions and Highgate has reached a deal to buy a 27-story office and retail tower near in Manhattan for $1.3 billion, the most paid for a Manhattan commercial property in more than two years.