Business Blog

The energy giant ceded its position as the world's second largest company to Microsoft, after concerns about the falling oil price devalued its shares.

The US House of Representatives passes a bill to approve the controversial Keystone XL oil pipeline, and it will now go to a vote in the Senate.

Shares in Richard Branson's Virgin America airline surge more than 30% in their first day of trading on the Nasdaq stock exchange in New York.

London's main share index closed at a six-week high, as a small recovery in oil prices buoyed energy firms' shares.

Brazilian police have carried out a series of raids and arrested 18 people as part of a corruption investigation into the state-run oil firm Petrobras.

Payday loans firm Wonga agrees with Newcastle United football club to remove its logo from children's kits.