MAGNAGLOBAL

BP said it had spent almost $2bn in the last month responding to its Gulf of Mexico oil spill, even as it plugged the leak, taking its total bill for the catastrophe to $8bn

Goldman Sachs has decided to close its principal-strategies unit, which does its proprietary trading, in the wake of financial-overhaul regulation passed by Congress.

The Internet age sparks creation of a ton of data, which is great for storage systems vendors. The new quarterly report from research firm IDC shows some big growth for the five industry leaders, but ...

A United Parcel Service Inc.-operated cargo plane, with two crew members aboard, crashed Friday evening on takeoff outside the city of Dubai, according to an initial statement from the company. UPS didn’t confirm any casualties. ...

Canadian miner Goldcorp said it had reached a deal to buy Andean Resources in a deal that values the gold company at around $3.42 billion.

The federal government started an investigation into Thursday’s fire at Mariner Energy’s offshore platform in the Gulf of Mexico.

T-Mobile USA is in talks to distribute Huawei Technologies’s new Google-powered smartphone this holiday season. The Ideos phone could be priced under $100 in the U.S.

Investors looked set to enter the long weekend on a high note, riding an encouraging jobs report to send the stock market to its best pre-Labor Day week in two decades.

The U.S. economy lost 54,000 jobs in August as census workers continued to exit payrolls, but the private sector added 67,000 jobs. The unemployment rate rose to 9.6%.

Hewlett-Packard says its victory over Dell in the bidding war for storage technology company 3Par, should secure its lead over its rival in the important data storage segment