US light, sweet crude jumped to $103.95 a barrel, before giving back some gains to trade at $102.45. London Brent also climbed to a record, hitting $102. (more…)

By Paul Gordon,

PEORIA - A Peoria-based company started by a couple college students who recognized a need has decided it will do its growing here at home. (more…)

The French financial trader at the centre of a massive fraud case had gambled around 50bn euros before being uncovered, his employer says.

Bank Societe Generale accuses Jerome Kerviel of committing it to purchases worth a vast $73bn (£37bn). (more…)

A Taiwanese lingerie company encouraged all its female office staff to go to work in their undies for the day. (more…)