LONDON — The British trader fighting extradition to the United States on charges that he illegally contributed to the 2010 Wall Street "flash crash" appeared in court on Wednesday and was ordered to be kept in custody after failing to meet his bail conditions. Thirty-six-year-old Navinder Singh Sarao, who traded from his parents' modest home in...

The Federal Communications Commission's staff has recommended that agency set up a hearing over Comcast's proposed $45 billion acquisition of Time Warner Cable, according to The Wall Street Journal. Quoting people familiar with the matter, the newspaper reports that the recommendation would put the merger in the hands of an administrative law judge. The move could...

The avian flu outbreak that has spread in 12 states is taking its toll on more than just the millions of birds that will be destroyed. Poultry producers and manufacturers have already seen their exports drop in the first quarter of 2015 and fears of a greater downturn in poultry consumption were increased Monday after the...

HARARE, Zimbabwe — Zimbabweans will start exchanging quadrillions of local dollars for a few U.S. dollars next week, as President Robert Mugabe's government discards its virtually worthless national currency. The southern African country started using foreign currencies like the U.S. dollar and South African rand in 2009 after the Zimbabwean dollar was ruined by hyper-inflation, which...

Changes in technology will create a massive underclass and growing inequality that could spark "envy and hatred" of the wealthy, the billionaire chairman of luxury giant Compagnie Financiere Richemont warned this week. In a speech Monday at the Financial Times Business of Luxury Summit in Monaco, Johann Rupert said the most important issue for the luxury...

More