Joe Gabriele

Bank of America Corp. (BAC) disclosed that it received subpoenas from the U.S. government, part of an inquiry related to how U.S. and European banks set Libor interest rates.

America Movil (AMX), owned by Mexican billionaire Carlos Slim, has emerged as the front-runner in the race for Yoigo, the Spanish mobile-phone unit of Swedish telecommunications company TeliaSonera AB (TLSN.SK), which has recently put its controlling stake in Yoigo up for sale, reports Expansion in

Kraft Foods Inc. (KFT) is headed for splitsville a bit sooner than expected, with attention quickly shifting from its final quarterly earnings report as a whole company to the food giant's prospects as two stand-alone companies .

The government of the state of Sao Paulo on Thursday offered to give tax breaks to General Motors (GM) in order to ensure that the auto maker boosts investment in the state and maintains jobs at its Sao Jose dos Campos factory.

Federal investigators have widened their probe of Western Union Co. (WU) in an ongoing money-laundering investigation, the company said Thursday.

Bank of America Corp. (BAC) disclosed that it received subpoenas from the U.S. government, part of an inquiry related to how U.S. and European banks set Libor interest rates.

Commonwealth Bank of Australia (CBA.AU) Friday named Matt Comyn as group executive of retail-banking services, succeeding Ross McEwan, who joins Royal Bank of Scotland as head of its retail-banking division.

The head of Brazil's national petroleum agency, ANP, said Thursday the suspension of operations by Transocean Ltd. (RIG) in the country wasn't justified.

Kraft posted higher-than-expected second-quarter profit but its revenue missed estimates and the company left its full-year targets unchanged.

American Express Co. (AXP), the largest U.S. credit-card lender by spending, said Thursday the U.S. government's consumer-finance watchdog may take action against both of the credit-card lender's U.S. banking subsidiaries.