The shipyard at the heart of the British Royal Navy's headquarters is to close, leading to the loss of hundreds of jobs and the end of 500 years of military shipbuilding tradition.
A new anonymous internet marketplace for illegal drugs has opened, with the same name and appearance as the Silk Road website shut down by US law enforcement authorities a month ago.
Pharma company Johnson & Johnson has agreed to pay over $2.2 billion to resolve criminal and civil allegations in the US that it promoted powerful psychiatric drugs for unapproved uses in children, seniors and disabled patients.
The US government plans to punish Indian outsourcing giant Infosys Ltd with the largest immigration fine ever for seeking visas fraudulently for workers at big clients in America, according to a Wall Street Journal report.
JPMorgan Chase has agreed to pay $5.1bn to resolve claims that it misled US mortgage giants Fannie Mae and Freddie Mac about risky home loans and mortgage securities it sold them before the housing market collapsed.
Twitter has set a relatively modest price range of $17 to $20 per share for its initial public offering (IPO), and says it could raise as much as $1.6bn in the process.
Protesters have marched to the headquarters of Brazil's state-run petroleum company Petrobras after it won the right to develop an offshore field that could contain 12 billion barrels of oil.
JPMorgan has agreed a provisional deal with the US government to pay $14 billion to settle investigations into bad mortgage loans the bank sold to investors before the financial crisis.
China's economic growth has rebounded to 7.8 percent in the latest quarter after a boost in government spending to reverse a sharp downturn.
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