Wells Fargo

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The Debenhams store on Oxford Street, London. The group’s chief  financial officer resigned after  a  warning  of a  profits plunge as a hoped-for sales surge in the last week before Christmas failed to materialise. Photograph: Yui Mok/PA

World stock markets kicked off 2014 with a whimper yesterday, weighed down by disappointing Chinese manufacturing data. After their best run in 15 yea(...)

Blackstone took over Hilton in 2007 for $26.7 billion, the largest-ever takeover of a hotel company. Photograph: Peter Foley/EPA

Hilton Worldwide Inc said its initial public offering would raise up to $2.37 billion (€1.75 billion), in what would be the biggest-ever hotel IPO and(...)

A young boy works at a trading post on the floor of the New York Stock Exchange yesterday. Traders traditionally bring their children to work for the half day of trading on the day after the Thanksgiving holiday. Photograph: Reuters/Brendan McDermid

Markets had a quiet day yesterday, taking their lead from the US, where the Thanksgiving holiday continued to set the mood. In Europe, positive news o(...)

Aer Lingus was up 0.01 at €1.43. Photograph: Matt Kavanagh

European stocks dropped, paring a weekly gain, as investors weighed better than estimated US jobs data against the probability of an easing in Federal(...)

Occidental also said it was considering strategic alternatives for some oil and gas assets in the US Rocky Mountain region. Photograph: Reuters

Occidental Petroleum plans to sell a minority stake in its Middle East and North African operations, part of a restructuring meant to lift its valuati(...)

Conditional trading in Royal Mail began in London yesterday, with the shares surging 33 per cent to £4.38

Trading was choppy across the globe yesterday, according to traders, as investors struggled to decipher signals from Washington about the prospects of(...)

Wells Fargo reported its third-quarter results today.  Photograph: Robert Galbraith/Reuters

Profit at Wells Fargo, the largest mortgage lender in the US, rose by a better-than-expected 13 per cent in the third quarter, as it made up for a dec(...)

Avolon president and chief commercial officer,John Higgins.

Dublin-based aircraft leasing business Avolon said yesterday it boosted committed fleet numbers to 179 from 171 during the third quarter of the year.T(...)

For your diary

TODAYResults: HTC; Groupe Vial.Meetings: Women mean business conference and awards (Shelbourne Hotel, Dublin); IMERC annual conference (National Marit(...)

Emerald Aviation Finance will use the cash to buy 20 aircraft from Avolon

Aircraft leasing specialist Avolon will use $636 million raised from securitising part of its fleet to refinance its existing debt.Avolon confirmed ye(...)

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