The U.S. Securities and Exchange Commission on Thursday settled charges against hedge fund Two Sigma over failure to address known vulnerabilities in its investment models, the regulatory agency said.

BP announce plans to cut 4,700 jobs in £1.6bn cost-cutting drive - The energy firm is aiming to save two billion US dollars across two years

U.K.-based oil company is cutting 4,700 jobs worldwide and a further 3,000 contractor roles as part of a cost-saving drive