“For us products don’t get that interesting until they have about a billion people using them,” Facebook chief executive Mark Zuckerberg said.

Facebook has warned of a dramatic increase in spending in 2015 and projected a slowdown in revenue growth this quarter, slicing a tenth off its marke(...)

What will Apple’s rumoured smartwatch look like? A 1960’s era Dick Tracy wrist radio (top c) is modeled  alongside contemporary smartwatches. Rumors of an Apple smartwatch go back several years, but today may finally be showtime. The watch, which will reportedly have a flexible screen and come in two sizes, will track its wearer’s health and fitness, double as an electronic wallet and of course, display messages. Top row (L-R): A Samsung Gear S smartwatch in Berlin on September 5, 2014, a 1960’s era Dick Tracy wrist radio in District Heights, Maryland on September 8, 2014, and a Samsung Gear 2 smartwatch in Barcelona on February 23, 2014. Bottom row (L-R): A Moto smartwatch in San Francisco, California on June 25, 2014, a Samsung Galaxy Gear smartwatch in Berlin on September 4, 2013 and an LG G Watch R smartwatch in Berlin on September 5, 2014. Photograph: Reuters

Apple’s prospects seem a lot brighter than they were the last time Tim Cook introduced an iPhone. When chief executive officer Cook unveiled two new s(...)

Thailand’s newly appointed Prime Minister Prayuth Chan-ocha. Photograph: Chaiwat Subprasom/Reuters

Thailand’s securities and exchange commission (SEC) is planning a raft of new rules to stop stock-market manipulation, which will permit the watchdog (...)

A man plays snooker in a hall inside Alibaba’s headquarters in Hangzhou, Zhejiang. The company’s second quarter performance prompted it to up its internal valuation from $133bn to $140bn. Photograph: Chance Chan/Reuters

Alibaba has posted a surge in mobile revenue as the Chinese ecommerce giant prepares to seek a $140 billion (€106 billion) valuation at one of the mos(...)

 Officials familiar with the deal say Bank of America  has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.

The US justice department is poised to announce a $16.65 billion settlement with Bank of America over accusations that it duped investors into buying (...)

Steven Cohen: a judge ruled yesterday that the entire case against him and SAC can go forward. Photograph: Scott Eells/Bloomberg

A US federal judge has rejected billionaire investor Steven A Cohen’s bid to dismiss lawsuits by shareholders of pharma firms Elan and Wyeth who clai(...)

Bob Diamond, former chief executive of Barclays,  told the UK’s parliamentary commission on banking standards that he felt “physically ill” when he learned employees of the bank had been making false rate submissions in the Libor scandal. Photograph: Reuters/Dylan Martinez

In a memorable scene from the film Casablanca, Louis Renault, the affable but corrupt French police chief, closes Rick’s club. “I am shocked, shock(...)

Dov Charney: his flamboyant leadership involving legal and financial setbacks finally snapped the close bond with his handpicked board. photograph: keith bedford/bloomberg

In a dimly-lit private dining room at the Redeye Grill in Manhattan, four board members of American Apparel and their lawyer plotted out their next 24(...)

Avolon Aerospace Leasing Ltd., the private-equity backed aircraft financing company, filed for a $100 million US initial public offering as industry deal-making accelerates

Avolon Aerospace Leasing Ltd., the private-equity backed aircraft financing company, filed for a $100 million US initial public offering as industry d(...)

You come home to unlock your front door with your smartphone – and find yourself locked out by hackers. Photograph:Jim Wilson/The New York Times

Home, connected home. The front door opens with a tap on an iPhone. The lights come up as if by magic. The oven sends a text: dinner is ready.You are (...)