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Why we’re still stuck in the ‘new normal': Pimco

The markets have also shifted their Fed tapering obsession to a new fixation, Pimco’s Tony Crescenzi tells CNBC.

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Got $93,000 to spare? Robots get cheaper

Lifelike “humanoid” robots are around 75 percent cheaper than they were five years ago, making the price of such machines similar to that of a luxury sports car.

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Ford names Fields CEO: Can he beat the odds?

It’s a rare example of a major carmaker making a smooth transition from one CEO to another.

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Exxon profit dips; upstream, cost cuts help

Exxon Mobil reported first-quarter earnings on Thursday that beat Wall Street’s expectations.

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Rents pledge focus for Labour launch

Labour would limit annual rent increases in the private sector to give a “fairer deal” to tenants, leader Ed Miliband says.

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Viacom to buy Channel 5 for £450m

US media group Viacom has agreed to buy the UK’s Channel 5 for £450m, it has been announced.

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Pound rises on UK factory surge

The pound hits its highest level against the dollar for nearly five years after a survey suggests that UK manufacturing grew much faster than expected in April.

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AUDIO: Lloyds’ progress ‘built on cost-cutting’

Banking expert Peter Hahn discusses Lloyds Banking Group’s report of a 22% rise in underlying first quarter pre-tax profit.

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AUDIO: Pfizer ‘trying to charm politicians’

Sue Noffke, UK Equities Fund Manager at Schroders, discusses the possible takeover of UK pharmaceutical firm AstraZeneca by US drugs giant Pfizer.

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Indian mango ban comes into force

A ban on mangoes, aubergines and types of squashes coming into the UK from India is imposed as part of Europe-wide action.