MARKETS / FINANCE

The world’s richest 1 percent owns more wealth than economists previously thought, depriving countries of billions in tax revenue.

U.S. Labor Department jobless claims report shows new claims at 6-month low as pace of layoffs slows.

Russians are mourning their favorite imported food products after Russia announced a ban on food and agricultural imports from the EU and U.S.

The bank has reportedly agreed to pay about $9 billion in cash and the rest in assistance to struggling homeowners.

Though not the rarest event in the universe, stargazers capture the moon traveling in front of Saturn.

The bank has agreed to pay about $9 billion in cash and the rest in assistance to struggling homeowners, said someone familiar with the matter.

U.S. Army Gen. Harold Greene's body returns to the U.S. on Wednesday, along with the bodies of more than 2,000 soldiers who died in combat.

Sprint Corp. shares tumbled on Wednesday after the company announced it was ending its bid to acquire T-Mobile US Inc.

Russia's top weapons companies have grown faster than any other country's major defense manufacturers.

The Treasury report expected this fall will highlight benefits and downsides associated with bitcoin and other digital currencies.

The former treasury secretary said even during the bubble leading up to the recession, growth was merely adequate.

Shares of Time Warner Inc. and Groupon Inc. plunged Wednesday following quarterly earnings, while The Walt Disney Company's stock was flat.

Imports of oil, cell phones, computer accessories and other foreign-made products fell to a five-month low in June.

The African hair care business has become a multibillion-dollar industry.

The bank has eased its lending standards on mortgages it acquires from other banks.

LIC, a state-run Indian insurance company, will invest nearly $50 billion in this financial year, including $9.8 billion in Indian stocks.

Standard Chartered Bank, which is negotiating with New York state's financial regulator, is facing fines of over $100 million.

The former executives argued in a letter to the company that its stock price had significantly lagged behind that of its peers.

A number of foreign companies have recently tangled with law-enforcement agencies in China over accusations of anti-competitive behavior.

Although no final decision had been taken, the unit's management, lead by Chairman and Chief Executive Officer Pavlos Stellakis, were negotiation terms that would allow the buyout business to remain London-based after the deal was inked, the sources told Bloomberg.

Disney's quarterly profit beat Wall Street expectations, helped by strong results from its movie studio, theme parks and consumer products.

One day after IBTimes reported on the Illinois gubernatorial nominee's promise to close the government, his campaign reversed itself.

Nearly 60 percent of Americans think the U.S. economy is getting worse.

Palestinian Foreign Minister Riad al-Malki said there was "clear evidence" of war crimes by Israel during its offensive in Gaza as he met International Criminal Court prosecutors on Tuesday to push for an investigation.

The gold dealer USAGOLD says gold prices will rise even if the Fed raises interest rates.

Move follows similar actions at many media companies that are seeing print ads disappearing.

When the United States stops funding power generation inAfghanistan's southern city of Kandahar next year, the lights are set to go out and factories will fall idle, playing into the hands of Taliban insurgents active in the area.

LinkedIn was directed to pay $3.3 million in overtime wages and nearly $2.5 million in damages to 359 current and former employees.

Murdoch’s earlier bid, which amounted to about $80 billion in total, was rejected by Time Warner last month.