Stephen Foley

Stephen Foley is a former Associate Business Editor of The Independent, based in New York. He left in August 2012. In a decade at the paper, he covered personal finance, the UK stock market and the pharmaceuticals industry, and had also been the Business section's share tipster. Between arriving with three suitcases in Manhattan in January 2006 and his departure, he witnessed and reported on a great economic boom turning spectacularly to bust. In March 2009, he was named Business and Finance Journalist of the Year at the British Press Awards.

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GlaxoSmithKline pays $3bn for illegally marketing depression drug

Doctors persuaded to prescribe drug later linked to suicide in children

Stephen Foley: GlaxoSmithKline case is a frightening reminder of why we need rules

A decade ago, before everyone hated the banks, it was the pharmaceuticals industry which was Public Enemy No 1 – and the details revealed in GlaxoSmithKline's $3bn legal settlement in the US are a reminder of why.

Stephen Foley: It's grim for RIM as the chaos continues

The losses were shocking, the revenue decline was shocking

Stephen Foley: News Corp's shareholders might have to shell out to ditch the PIIGS

US Outlook Think of the The Sunday Times as Portugal. The Times (of London, as we say here) as Italy. The Sun as Ireland, The New York Post as Greece, and The Wall Street Journal as Spain. These are the PIIGS of Rupert Murdoch's media empire, News Corp's troublesome periphery.

Banks can no longer be trusted to set interest rates

The banking industry can no longer be trusted to set a benchmark interest rate – that lies behind trillions of pounds of mortgages, credit cards, small business loans and financial derivatives – without the supervision of government regulators, the industry's lobby group conceded yesterday.

BlackBerry goes from bad to worse

The next generation of BlackBerry smartphones, on which Research in is pinning its hopes of survival, will not be ready in time for the Christmas holidays and won't go on sale until next year, the company said last night.

Samsung's Galaxy tablet (right) was ruled to be almost indistinguishable from the iPad (left)

Is the 'iPad killer' dead? Apple wins patent war with Samsung

US judge reinforces dominance of market by prohibiting sale of Galaxy tablets

Last year Diamond had pledged to make Barclays a 'better corporate citizen'

Barclays shamed by £290m fine for market fixing

Bob Diamond to forgo bonus after finding of interest rate conspiracy

Murdoch is reportedly planning to 'quarantine' his newspapers in a move that may allow him to make a new bid for BSkyB

Rupert Murdoch ready to break up his scandal-hit media empire

Tycoon may cede day-to-day control of newspapers to focus on entertainment brands

'Brave' hits the bullseye as Pixar film is No 1 again

The story of an archery-ace, 10th-century Scottish princess who rebels against convention has topped the US box office, in the 13th-straight No 1 hit for Disney's animation studio, Pixar.

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