News

Ernst & Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney general said on Wednesday.

International Airlines Group (IAG) said its subsidiaries British Airways and Iberia had quit a European airline trade group after disagreeing with the policy of other members toward competition in the skies.

The U.N. nuclear watchdog said it had a "constructive exchange" with Iran this week but there was no sign of a breakthrough on aspects of its nuclear program that the agency says Tehran has failed to fully address.