COMPANIES

Nigeria said on Thursday it was fining airlines British Airways and Virgin Atlantic a total of $235 million, as an ongoing row between Britain and Africa's most populous nation over landing slots and ticket prices escalates.

Netflix said Thursday it would refuse to join Wal-Mart in the settlement of a class-action lawsuit involving more than 25 million current and former Netflix subscribers.

Citibank has sold servicing rights for a $2.6 billion real estate loan portfolio to CWCapital LLC, the companies announced on Wednesday.

Canada will probe allegations of widespread sexual harassment at the storied Royal Canadian Mounted Police, looking into the latest in a string of problems that have tarnished the reputation of the national force.

Delinquent U.S. mortgage payments fell to 7.99 percent in the third quarter, down from 9.1 percent from a year earlier, according to the Mortgage Bankers Assocation.

Citigroup analysts believe that Amazon will launch its own smartphone in the fourth quarter of 2012.

Warner Bros. signed a major film distribution agreement with LOVEFiLM, a major competitor to Netflix, who signed an agreement with Lionsgate earlier this week.

Ford's new Shelby GT500 Mustang has surpassed all expectations, bringing with it a brand new supercharged 5.8-liter V8 engine that generates no less than 650 horsepower. The 2013 Shelby GT500 is expected to have a top speed of over 200 MPH.

The British government has agreed to sell Northern Rock, the failed mortgage lender it nationalized in 2008, to Virgin Money, the banking arm of Richard Branson's Virgin empire.

The former CEO of Olympus Corp, whose suspicions over dubious accounting triggered a scandal at the camera and medical equipment maker, will return to Japan next week to meet with police and authorities investigating the case.

Carrefour, the world's second-biggest retailer, must slash prices, build more convenience stores and attract online shoppers as dire economic times make the current CEO's hypermarket revival plan increasingly obsolete.

Journalist Malcolm Gladwell told The Atlantic Wire on Wednesday that although Bank of America tapped him to speak at events focusing on small businesses over the past few weeks, he had no idea the corporation crowed about the arrangement in a press release.

An Illinois judge set the bond at $40,000 for an algebra teacher at a Christian school who admitted to investigators that he masturbated behind a lectern Friday during class, WWLS-TV reported Wednesday. Paul LaDuke, a 75-year-old minister in charge of a class full of minors, confessed that until one of them caught him in the act, he would put an apron on and masturbate while he thought about girls in the room for 10 years.

Threats of money problems continue to hang over U.S. local governments, but most cities and counties will still be able to pay their debts in the near future, Janney Capital Markets said in a special report on Wednesday.

The Ford Mustang's most recent generation of models has undergone many changes throughout the years, but probably none like the changes among the 2013 models seen at the Los Angeles Auto Show Wednesday.

Less than four months before the Penn State sex abuse scandal erupted, Joe Paterno transferred full ownership of his Pennsylvania home to his wife, Suzanne, for $1 plus love and affection, according to county records.

Start-up company ConnecTV, which will track television viewers' watching habits and connect them to other viewers via social media, has struck a deal with 10 TV station groups that collectively cover 76 million U.S. households., the company announced Tuesday.

United Talent Agency has signed a lease for its new global headquarters, real estate developer Tishman Speyer announced Tuesday.

Vodafone India, buffeted by brutal competition and regulatory woes, expects a shakeout within two years.

Despite AT&T receiving competition in iPhone sales from Sprint and Verizon, the company's churn rate is stable.

Weekly U.S. crude inventories continued to slip, falling 1.1 million barrels in the week ended Nov. 11.

Real estate mogul Sam Zell's Equity Residential is the lead bidder to buy 53 percent of rival company Archstone for over $2.5 billion, the Wall Street Journal reported.

New York State is conducting public hearings starting today and lasting throughout the end of the month to discuss the state's rules regarding hydraulic fracturing.

The risks U.S. oil giant ExxonMobil took on when signing a deal with Iraq's semi-autonomous Kurdistan region could be coming back to hurt them.

Citigroup plans to cut approximately 3,000 jobs, or around one percent of its workforce, continuing a pattern of job cuts on Wall Street.

Hackers attacking Canadian organizations are determined to make money in targeted campaigns while government insiders stole more data than ever before, a security study released on Tuesday showed.

Sales of existing homes in Canada rose in October to the highest level since January, boosting forecasts for national resale activity for 2011 and confirming Canada's housing market remains robust.

Canada's communications regulator handed a partial victory on Tuesday to big Internet service providers by allowing them to charge lease fees based on the amount of capacity small providers use.

BMO Capital Markets has raised its profit estimates for Dell Inc. (NASDAQ:DELL), a day after the PC maker reported better-than-expected third-quarter profits.