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LONDON (Bloomberg) — Bermuda-based Frontline Ltd., the world's largest owner of supertankers, posted a bigger-than-expected 74 percent drop in fourth-quarter profit and cut its dividend as oil demand slumped and a gain from the sale of assets wasn't ...

LONDON (AP) — Carphone Warehouse Group PLC, Europe's largest mobile telephone dealer, said yesterday that it plans to eliminate 450 head office and support jobs in Britain, but said retail outlets will not be affected. The planned cuts, subject to a ...

LONDON (Reuters) - Royal Bank of Scotland reported the biggest loss in British history yesterday and said Britain's stake could rise as high as 95 percent after it stumped up billions to insure risky bank assets. RBS said Britain would inject a furth...

LONDON (Reuters) — Companies in Britain's dominant service sector slashed jobs at a record rate in the three months to February as sales and profitability dived, a survey showed yesterday. The Confederation of British Industry said firms selling serv...

TORONTO (Reuters) - Toronto's main stock index climbed yesterday for a third straight session in a rally sparked by better than expected bank earnings and stronger oil prices. Financials and energy stocks were among the biggest contributors to the in...

ST. CROIX (Bloomberg) — Allen Stanford told US Virgin Islands authorities two years he had "a very large war chest of cash", a claim that may anger investors who lost access to their money after the Securities and Exchange Commission charged the bill...

CHRISTIANSTED, US Virgin Islands (Reuters) - Texas billionaire Allen Stanford, charged by US securities regulators with an $8 billion fraud, owes various St. Croix businesses $1.2 million, according to public records. Stanford's offices here have bee...

NEW YORK (Bloomberg) — American International Group Inc. may hand its faltering business insuring corporate clients to the US Government, shedding the division that was previously intended to be the core of the firm after a US rescue, a person famili...

LONDON (Bloomberg) — Bermuda-based Seadrill Ltd., the Norwegian oil-rig company started by billionaire John Fredriksen, said it had a fourth-quarter net loss after investments slumped. The loss was $739 million, or $1.86 a share, compared with a prof...

CHARLOTTE, N.C. (AP) — Beleaguered insurer American International Group Inc. could be split into at least three separate government-controlled divisions in an effort to save the business, according to a report yesterday by the Financial Times. Earlie...