The LIBOR scandal -- the latest debacle to send ripples through the global financial system -- centers on the alleged rigging of a somewhat obscure banking survey.

Something happened in the second quarter of 2012 that hadn't happened in two years: Savings accounts actually made money.More specifically, this was the first time since the second quarter of 2010 that inflation dropped below the rate of interest on savings accounts.

State-run Bank of India (532149.BY) said Friday its fiscal first-quarter net profit surged 71% from a year earlier, aided by healthy growth in non-interest income and a fall in provisions.

Volkswagen AG (VOW.XE) Friday confirmed it is looking into a press report alleging that its Chinese partner First Automotive Works may have been using the German carmaker's patents illegally.

German sportscar maker Porsche Automobil Holding SE (PAH3.XE) Friday reported rising sales and profits for the first half of the year as demand for such cars as the 911 and the Cayenne sports-utility-vehicle remained unaffected by swirling economic concerns.

NTPC Ltd. (532555.BY), India's biggest power utility by capacity, Friday surpassed market expectations with a 20% rise in its fiscal-first-quarter, helped new generation capacity.

The Tyumen arbitration court in Russia Friday ordered BP PLC (BP) to pay 100.364 billion rubles ($3.1 billion) to TNK-BP (TNBP.RS), a lawyer for the British oil company said.

A German court Friday granted Microsoft Corp. (MSFT) an injunction against Google Inc.'s (GOOG) Motorola Mobility unit over infringement of a patent on common names for long and short file allocation tables, or FAT technology.

British Sky Broadcasting Group PLC (BSY.LN), said Friday it bought Parthenon Media Group, an international distribution and multi-media rights management company, for an undisclosed sum, as part of a plan to establish a new distribution arm to market the international rights to its content.