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Relief for Europe as Scotland stays put

LONDON - British markets rallied and the rest of Europe followed suit on Friday as Scotland's decision to stay in the United Kingdom eased investors past the latest in a recent run of global political obstacles.

Recent Business News

Opportunists cash in on delayed iPhone launch in China

SINGAPORE/TOKYO - Lured by the promise of profit from smuggling the new iPhones into China, opportunists joined the thousands of Apple Inc fans lining up to buy the devices as they were launched on Friday across Asia. | Video

Tech, Media, China 6:32am EDT

China hands drugmaker GSK record $489 million fine, sentences executives

SHANGHAI/LONDON - China fined GlaxoSmithKline Plc a record 3 billion yuan ($490 million) on Friday for paying bribes to doctors to use its drugs, underlining the risks of doing business there while also ending a damaging chapter for the British drugmaker.

7:17am EDT

SAP buys expenses software maker Concur for $7.3 billion

FRANKFURT - Germany's SAP has agreed to buy U.S. expenses software maker Concur for $7.3 billion in cash, strengthening its position in cloud computing but sending its shares down almost 3 percent on concern over the price. | Video

Deals, Tech, Germany 7:02am EDT

Ford to cut production at Cologne as European demand cools

BERLIN - Ford is to cut production of its top-selling European car in the fourth quarter because of slowing demand in some of the region's key markets, it said on Friday.

4:21am EDT

Japan finance minister Aso: No talk on forex with U.S. Treasury Secretary Lew

CAIRNS Australia - Japanese Finance Minister Taro Aso said on Friday there was no discussion on currency moves at his meeting with U.S. Treasury Secretary Jack Lew.

5:12am EDT

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