Massachusetts is suing five major banks alleging "illegal" and "deceptive" conduct in the way they seized homes during the financial crisis.

Shares in Yahoo rise on reports that China's Alibaba Group is preparing a takeover bid for the US internet firm.

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India's Ranbaxy wins an approval from authorities to sell its version of the world's best selling drug, Lipitor, in the US.

Scotch whisky exports soar over the first nine months of this year, with the valuation of shipments rising by 23%.

An Australian state court approves the sale of Foster's to SABMiller, meaning the deal worth $9.9bn Australian dollars can now go ahead.

State-owned bank RBS announces that it has sold its pub group Galaxy to Dutch brewer Heineken for £422m.