EMC needs to convince investors that keeping the company together is worth more than the estimated $10bn (€7.4bn) that could be unlocked in a breakup.

McDonald’s, the world’s largest restaurant chain by sales, said third-quarter profit fell 3.5% as sales growth slowed at US stores.

THERE IS a simple explanation for why the world’s zombie banks remain so reluctant to write off worthless assets and tap the equity markets for fresh capital. They don’t want to end up like UniCredit.

AIB has announced the sale of its Canadian operations for an undisclosed figure.

BANKS and brokerage firms in New Orleans say they’re faring better than before Hurricane Katrina caused a record $80 billion (€62.5bn) of damages along America’s Gulf Coast a year ago.