BUSINESS

The two men, along with their father, are already facing a litany of other charges, including official corruption, in a separate ongoing trial.

Wish you were the owner of the fastest convertible in the world? Well, Dream On, because that title belongs to Aerosmith front man Steven Tyler after he purchased the first, and custom-made, 2012 Hennessey Venom GT Spyder for over $1 million. View the slideshow to see photos of Steven Tyler with his custom 2012 Hennessey Venom GT Spyder.

Economic stagnation and continuing debt crisis in the single currency bloc drove the region's business sentiment to 90.6 in May from April's revised 92.9, the European Commission said Wednesday. That was the second big fall in a row and left the index at its lowest level since the back end of the global recession in October 2009.

Italian government borrowing costs rose Wednesday to crisis levels as international investors, spooked by developments in Greece and Spain over the past few days, shied away from lending to that recession-ravaged peripheral European economy.

The Burmese in Thailand occupy the lowest strata of society and earn meager wages toiling at menial jobs in construction, fishing and factories, often illegally.

Two months ago, Toronto activist investor Victor Alboini, whose Jaguar Financial had acquired a stake just below 5 percent in Research in Motion (Nasdaq: RIMM), said the company won?t be around in its current shape in two years. Now it's for sale.

Iraqi officials on Tuesday said their country's next oil lease auction will not allow companies to sign contracts with Iraq's semi-autonomous northern region of Kurdistan.

The companies whose shares are moving in pre-market trading Wednesday are: Delcath Systems Inc., Quicksilver Resources Inc., Research In Motion Limited, Nokia Corp., Telefonaktiebolaget LM Ericsson, Facebook Inc. and Western Digital Corp.

The global headquarters of Dewey & LaBoeuf LLP, a glass-sheathed office tower in midtown Manhattan, has a commanding view of a stretch of Sixth Avenue looking downtown. A pair of statues, designed by artist Jim Dine, rise from the plaza of the stately office, overlooking Rockefeller Center. But now, it will be the law firm's ornate tomb, a reminder of its glory days.

Apple has acknowledged that its iPad made it a major force in ebooks but denied that it?s stifling competition in a formal reply to the Justice Department's antitrust suit.

In a big blow to the striking pilots of Air India, the Delhi High Court Wednesday said that they have no right to get training to fly advanced aircraft like Boeing 777.

Futures on major U.S. indices point to a lower opening Wednesday ahead of anticipated reports on the Mortgage Applications Index and Pending Home Sales.

Morgan Stanley has received an in-principle approval from the Reserve Bank of India (RBI) for a banking license, a leading business daily reported Wednesday quoting a spokesperson of the bank.

Bombay Stock Exchange's benchmark Sensex and NSE's Nifty opened in red in the morning session Wednesday, weighed down by a slump in the shares of Tata Motors. The choppy trading continued with India's largest automaker being the top loser in the BSE with a 9.03 percent or 24.80 points decline.

Asian markets fell Wednesday amid Spanish banking sector woes and a report that China is not planning further stimulus measures to lift its economic growth.

Apple Inc Chief Executive Tim Cook said he would like to see more of the company's products assembled at home than in China and contain more U.S. components such as semiconductors.

The value of the Canadian dollar gained against most of its rival currencies Tuesday amid strong indications of growth in Asia and North America

The tenuous situation in Greece has become a full-fledged national referendum on whether to stay in the euro zone and accept austerity for debt leniency.

Economic data and news flows are light this morning as market participants take stock of the significant moves across asset classes in the past wee

Abortion has been legal in Turkey since 1983 (during the first ten weeks of pregnancy) and has not played any significant role in the nation?s political debates, making Erdogan?s sudden statements somewhat puzzling.

The U.S. Supreme Court let an appeals court ruling stand that said police used excessive force when tasering two women, though the officers had immunity from lawsuits.

China and Japan, not exactly the world's best friends, will soon be walking away from the dollar, hand-in-hand. Although the two countries have their share of diplomatic problems, June 1st will mark a historic day in Sino-Japanese relations, as they move to conduct trade directly using their own currencies.

After having its majority share of Argentine oil company YPF seized by the government, Repsol CEO Antonio Brufau said Tuesday the company was prepared to negotiate with government officials for fair compensation.

Japanese trading house Marubeni Corp. (Tokyo: 8002), which has been on a global shopping spree in recent years so it can become a dominant grain supplier to China, just took a strategic step toward that goal.

One month of lackluster job growth can be blamed on the weather, but two or even three is dangerously close to a trend. Unfortunately, we might be in for another month of slower job growth in May.

Oil and natural gas companies in Oklahoma will have to disclose the chemicals used when hydraulically fracturing rock for oil or natural gas, as of July 1.

French labor unions warned Francois Hollande's government of massive layoffs, which could test the new president's economic mettle.

Salty Watermelon Pepsi is the latest exotic flavor to be rolled out by Pepsi Japan. It's not as weird as you might think, given Japanese culinary customs.

Graft and debt are crippling China's railway industry and eroding trust in the government's management of a crucial sector of transportation -- and may kill the dream of becoming the world's leader in high-speed trains