Tyco International Ltd. (NYSE: TYC), a diversified manufacturing conglomerate, will have to pay $250 million to settle lawsuits.

Just when investors thought the recent share market turmoil was showing signs of abating, Australia third biggest bank has revealed more fallout from the global credit crisis.

Telecom Italia's new business plan aims to reduce crushing debt and grow revenue.

Thornburg Mortgage Inc. shares sank 51 percent on Thursday on worries the "jumbo" mortgage lender might go bankrupt, after its failure to meet a margin call triggered defaults under other lending agreements.

Belarus has fully paid its July bill for Russian gas deliveries, Beltransgaz company said.