Rio Tinto profits slump 80% as China demand dries up
Mining giant battered by falling prices
Aviva reports solid profits as its digests Friends Life
Aviva reported £545m ($850m, €781m) after tax profits for first half of the year, as it digests the costs of integrating Friends Life.
Motorola Solutions to get $1bn cash injection from Silver Lake
Walkie-talkie maker also planning $2bn buyback of shares.
Adidas acquires fitness app maker Runtastic for €220m
Runtastic will remain its own entity and continue to operate from its current offices.
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Glenn Elliott: CEO who gave staff £6.5m reveals his secrets for keeping employees happy
Workers at Reward Gateway received windfall after £140m buyout by Great Hill Partners
Tube strike: London braces itself as Boris Johnson blasts trade unions
Talks between London Underground and unions broke down on 3 August over Night Tube shifts.
Uber is world's highest valued start-up at $50bn
Chinese smartphone maker Xiaomi is second-biggest at valuation of $46bn, followed by Airbnb at $25.5bn.
Standard Chartered slashes dividend as profits plummet
The investment bank reported a disappointing set of results for the first half
Legal & General posts bullish profits in face of pensions reforms
Legal & General reported an 8% rise in profits to £547m for the first half of this year.
UBS and Barclays are front runners with Bitcoin 2.0 technology Ethereum
A source at Barclays told IBTimes about activities involving recently launched Ethereum at some big banks in London.
Foxconn plans major investment to set up plants in India
Company in talks with Indian firms Adani Enterprises, Micromax and Snapdeal to set up factories.
Baxalta rejects Shire's $30bn all-stock offer
Baxalta says proposal significantly undervalues company and its prospects for growth and value creation.
Pfizer gets European approval for $16bn Hospira acquisition
Pfizer is to sell assets including Infliximab biosimilar drug to sustain competition in the European market.
RBS sale timing ignores the bank's capital surplus potential
The decision to start selling RBS this August seems to have been taken in isolation of the group's emerging capital surplus potential.
George Osborne will miss £1tn export target warns British Chambers of Commerce
The business body wants the Conservative chancellor to 'open up markets' for more companies.
Malaysia Airlines CEO says social media hype over missing Flight MH370 hurting ticket sales
Airline intends to restart under new legal identity and aims to cut expenses to compete with low-cost rivals.
UK government sells £2.1bn worth of RBS shares at £1bn loss
330 pence per share is well below the break-even price.
Gary Klesch scraps plan to buy Tata Steel's Scunthorpe plant, blames government
He said UK government has failed to tackle energy costs and Chinese imports.
US Department of Justice looks into Deutsche Bank's Russian trades
Simultaneous trades in different currencies done to allow clients to move funds out of country.
Augur to issue 11 million REP tokens starting 17 August
Augur, the prediction market platform, announced details of its REPs token crowdsale
Greens and Lib Dems warm to Barack Obama's climate change action plan
The US president has received support from Tim Farron and Natalie Bennett over his energy plan.
Kurdish government delivers boost for oil firms operating in Iraqi Kurdistan
Genel Energy and Gulf Keystone among beneficiaries of increasing oil exports
Wine merchant Woolf Sung looks for investment as Chinese collectors drive growth
Chief executive Sebastian Woolf is looking to expand as sales boom.
Ripple's Chris Larsen adds up savings for banks using distributed ledgers
Ripple Labs CEO Chris Larsen explains how distributed ledgers have halve the costs of global payment networks.
HSBC profit soars to £8.7bn lifted by Asia division and cost cuts
Positive results in HSBC Asia division come as bank considers HQ move to Hong Kong.
Nokia confirms Here Maps acquisition by German automakers at €2.8bn
Nokia selling maps unit to consortium comprising Audi, BMW and Daimler.
European Commission seeks additional information from Halliburton over $35bn merger with Baker Hughes
Halliburton says it will work closely and cooperatively with commission to provide additional information.
Daimler, BMW and Audi consortium reaches deal to buy Nokia Here
German firms to invite Fiat, Renault, Ford and Toyota to invest in Nokia Here.
FX rigging: HSBC to announce increased provisions in interim results
HSBC expected to announce overall charge of over $1bn to cover conduct issues such as FX probes.
Kraft recalls 36,000 cases of cheese over choking hazard
The company claims a piece of the Singles might stick to the cheese.
Goldman Sachs agrees $270m settlement with mortgage bond investors
Bank will pay around $270m to settle a lawsuit brought by pension funds, who invested in residential MBS underwritten by it.
Yahoo to buy social shopping site Polyvore
Polyvore is expected to accelerate Yahoo's Mavens growth strategy through its offerings in social, native and mobile.
Bitcoin exchange MtGox's boss Mark Karpeles arrested in Japan
Karpeles is suspected to have accessed MtGox's computer system and changed data to inflate the exchange's assets.
Thousands of BT workers set to share windfall in £265m payout
BT staff will net thousands as part of share scheme.
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