Business News Headlines

Apple shares jump 8 percent, Asian stocks lag

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SYDNEY - Shares in tech heavyweights Apple and Facebook held hefty after-hours gains on Thursday as their results handily outpaced Wall Street expectations, though Asian markets managed only a muted cheer on the news. | Video

FXpert 1:51am BST

Apple expands buybacks by $30 billion, OKs 7-for-1 stock split

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SAN FRANCISCO - Apple Inc has approved another $30 billion (17.8 billion pounds) in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors. | Video

Japan 2:04am BST

Facebook first revenue grows 72 percent on rising mobile ads

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SAN FRANCISCO - Facebook Inc's mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets. | Video

Facebook 12:08am BST

S&P warns of bank rating 'uncertainties' in independent Scotland

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- Ratings agency Standard & Poor's said there were "important considerations and uncertainties" that factored into the creditworthiness of banks should Scotland vote to end its 307-year union with England in September.

UK, 1:37am BST

UK plans tougher pay rules for top company executives

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LONDON - Britain's stock-market listed companies should be able to claw back bonuses paid to poorly performing executive board members, a regulator proposed on Thursday, mirroring steps already being taken by banks.

12:12am BST

UK employers agree average 2.5 percent pay rise in first-quarter: survey

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LONDON - British employers raised pay in the first three months of 2014 at the same pace as a year ago, although current low levels of inflation should improve workers' spending power, a survey showed on Thursday.

1:55am BST

Buffett: moving oil by rail safely major industry concern

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NEW YORK - Warren Buffett, chairman of conglomerate Berkshire Hathaway , said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely.

2:19am BST

UK car manufacturers grow again in March after retooling

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LONDON - British car production returned to growth in March after some automakers completed retooling to make new models, an industry body said on Thursday, in another sign of momentum in the country's manufacturing sector.

UK 12:03am BST

Pension funds pile pressure on Barclays over governance

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LONDON - A group of British public sector pension funds has heaped pressure on Barclays ahead of its annual general meeting by saying it has governance concerns over the company's search for a new chairman.

1:57am BST

Wed, Apr 23 2014

Mexico's Slim reaches deal for control of Telekom Austria

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VIENNA/MEXICO CITY - Mexico's Carlos Slim struck an 11th-hour deal on Wednesday with the Austrian government that could give him control of Telekom Austria and allow the multi-billionaire to consolidate his foothold in Europe as he expands outside the Americas.

23 Apr 2014
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The UK’s paradox of faith

When a European leader says he's a Christian and that he lives in a Christian country, he's asking for trouble.