US spectrum auction raises record $44.9bn

Sale propelled by explosive demand for mobile video and data

Amazon profit offers relief to investors

Ecommerce group’s investments lift Prime membership by 53%

Shake Shack burgers valued at $745m

High-end American chain sells shares above range at $21

Asia underpinned by late Wall Street rally

Japan’s Nikkei shrugs off batch of uninspiring economic data

Conoco and Shell outline billions in cuts

Fall in crude prices hits fourth-quarter results

Comcast-TWC $45bn deal faces new hurdle

Broadband redefinition makes cable companies look more dominant

EU fails to agree new Russia sanctions

Foreign ministers split on response to collapse of Ukraine truce

Spotify hires Goldman to raise near $500m

Funding round could value streaming company at $7bn

Apple Pay revives mobile wallet drive

Google and PayPal race to catch up with payments app

Oil’s fall pushes Germany into deflation

Prices slump for first time in more than five years

McDonald’s struggles to maintain empire

New chief inherits challenges worldwide

Comment and Analysis

Wall Street eyes future of CBS and Viacom

Content king is still on his throne but what lies ahead?

WASHINGTON, DC - SEPTEMBER 29: An American flag waves outside the United States Capitol building as Congress remains gridlocked over legislation to continue funding the federal government September 29, 2013 in Washington, DC. The House of Representatives passed a continuing resolution with language to defund U.S. President Barack Obama's national health care plan yesterday, but Senate Majority Leader Harry Reid has indicated the U.S. Senate will not consider the legislation as passed by the House. (Photo by Win McNamee/Getty Images)
©Getty Images

Obama on budget collision course

President to propose up to $70bn in discretionary spending

US Fed policy comes under question

Ability to raise rates on current schedule is in doubt

Best comments from our readers

"Just as high prices have pushed people to reduce usage, invest in new supply and hunt for substitutes, low prices will encourage exactly the opposite."
By Funnymoney on Tricks of the mind turned oil into gold


"Good summary; indeed Netanyahu is progressively losing his master touch (not everybody is of the opinion he had one) - high time for him to lead the opposition."
By 2plus2shouldbe4 on Netanyahu’s Washington trip risks creating losers all round


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