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  Nairobi / Bloomberg KCB Group Ltd., Kenya’s biggest bank by assets, boosted first-half profit by 14 percent as earnings from lending increased and after setting aside less money for credit-related losses. Net income in the six months through June rose to 10.5 billion shillings ($103.6 million) compared with 9.2 billion shillings a year earlier, the Nairobi-based lender said in ...

  Bloomberg TIAA is in talks to buy EverBank Financial Corp., the largest Florida-based lender by deposits, for about $2.5 billion as it seeks to expand in internet banking, according to Reuters. The deal would add to TIAA’s wealth-management business and give the financial-services firm, led by former Federal Reserve Vice Chairman Roger Ferguson, a platform for providing personal and ...

  Sydney / AFP Australia’s largest banks will have to face a parliamentary committee for an annual grilling to “drive cultural change”, Prime Minister Malcolm Turnbull said on Thursday as he addressed public disquiet about their behaviour. The country’s “big four” lenders — among the developed world’s most profitable — have been under scrutiny in recent years amid allegations of ...

  A lot’s been happening in the health-care markets. California announced that premiums would rise by an average of 13.2 percent on its exchanges, after years of being one of the standouts for low premium growth. Meanwhile, Anthem, a large insurer, said it would expand its presence in the Obamacare exchanges — but only if its merger with Cigna is ...

  Francis Wilkinson Melania Trump’s husband says she is a 10. Would Donald Trump marry a woman who wasn’t? The question answers itself. But when she was younger, apparently working as a model in New York, the question is whether the former Melania Knauss was associated with another number — an H-1B or a B1 or B2 visa, or perhaps ...

  Bloomberg 3D printing has long been a cool technology in search of a huge market. The industry may have found one in mass production. Because of its high cost and slow pace, 3D printing’s use in manufacturing has been limited mostly to prototyping, making plastic molds for teeth alignment and creating tools. That may be about to change, potentially ...

  Bloomberg Technology companies from Apple Inc. to Microsoft Corp. have sold more than $100 billion of debt this year even as they sat on more than half a trillion dollars of cash. They did it for two reasons: they wanted to avoid paying taxes, and just because they could. Bond buyers fleeing negative yields on government debt in Europe ...

  Bloomberg Google parent Alphabet Inc. has sold $2 billion of bonds, joining a rush of issuance from technology companies that have already raised more than $100 billion this year. In its first trip to the bond market in more than two years, the Internet giant sold 10-year notes to repay short-term debt, according to a person familiar with the ...

  Bloomberg Nokia Oyj Chief Executive Officer Rajeev Suri raised the target for cost savings from the acquisition of Alcatel-Lucent SA as he tries to support earnings after second-quarter sales trailed analysts’ estimates. Sales dropped 11 percent on a pro forma basis to 5.68 billion euros ($6.33 billion), compared with an average analyst estimate of 5.87 billion euros. Adjusted earnings ...

  DPA If you’re a parent, you know the importance of having college and wedding funds. Now, if you want to be on the cutting edge of financial planning, you’ll also want to invest in a travel fund. “We’re looking at a generation of parents who have been lucky enough to travel themselves, and they want to have that for ...