Nokia said it has completed the 5.44 billion-euro ($7.5 billion) sale of its troubled cellphone and services division to Microsoft Corp., ending a chapter in the former world leading cellphone maker’s history that... Read more »
Technology giant IBM has signed a contract with IT services firm Polaris Financial Technologies (FT) for using the US-based company’s social software for a superior digital experience, improve workforce productivity and accelerate... Read more »
Boeing’s total revenues rose 8% to $20.5bn in the first quarter, driven by an increase in commercial aircraft deliveries. The company delivered 161 commercial aeroplanes in the three months to 31 March,... Read more »
Kraft Foods is voluntarily recalling 96,000lb (43,545kg) of its Oscar Mayer hot dogs in the US because they may have been sold in the wrong packaging. The US food safety authority said... Read more »
HONG KONG: Asian markets mostly rose while the dollar edged up in holiday-narrowed trade on Friday following a mixed lead from Wall Street and news of a deal between Russia and the... Read more »
PEPSICO has reported a stronger-than-expected first-quarter profit as the company slashed costs and sold more snacks around the world. The company, which makes Frito-Lay, Gatorade, Mountain Dew and Tropicana, said global snack... Read more »
SEOUL: Declining smartphone prices hit profit at Samsung Electronics Co. for a second straight quarter. The consumer technology heavyweight said on Tuesday that it expects operating income of about 8.4 trillion won... Read more »
MEPs have backed rules for a banking safety net to minimise the risk of further EU taxpayer-funded bailouts. A new European authority will have the power to wind up or restructure failing... Read more »
Citigroup Inc reported a better-than-expected quarterly net profit as a smaller loss on its troubled assets made up for weakness in its core trading and lending businesses, pushing up the bank’s shares... Read more »
Amazon is offering its warehouse employees up to $5,000 to quit their jobs, even as the company is in the process of adding workers and locations. he “Pay to Quit” program, which... Read more »
The bank has agreed to pay the Treasury the equivalent of $2.5 billion or 1.8 billion euro’s. LONDON (AFP) – Britain s state-rescued Royal Bank of Scotland will pay the government 1.5 billion... Read more »
IF you’ve ever had an idea or invention you think could make you a fortune but have no capital to get it started there’s a way the internet can help. Kickstarter is... Read more »
Toyota announced five recalls on Wednesday, affecting a total of 6.39 million vehicles globally. The recalls cover 27 Toyota (TM) models — including Camry, Corolla, Matrix and Highlander — the Pontiac Vibe and the Subaru... Read more »
The US added 192,000 new jobs in March, in line with expectations, as the unemployment rate held steady at 6.7%. Severe weather over the winter did not prevent the monthly average for... Read more »
Internet giant Google has paid a one-million-euro ($A1.5 million) fine in relation to privacy breaches in Italy, the country’s privacy watchdog says. The US-based company came under fire in 2010 over its... Read more »
German Chancellor Angela Merkel has approved the country’s first minimum wage, at 8.50 euros an hour (£7; $11.75), to start in 2015. At the moment, the country is one of seven in... Read more »
IMAGINE if you made so much money every single minute of your day you could afford to take a yearly salary of $1. That’s Facebook chief executive Mark Zuckerberg’s reality. He reaped... Read more »
LONDON: Chinese businessman Yuan Yafei has launched a surprise takeover bid for British department store chain House of Fraser worth £450 million ($748 million, 544 million), media reports said on Sunday. Sanpower, a Nanjing-based conglomerate run... Read more »
SAN FRANCISCO: Microsoft has released an iPad version of its popular Office software suite, a breakthrough heralding a new era under a CEO who promises to focus more on the devices that... Read more »
SAN FRANCISCO, MARCH 25: Google Inc has partnered with Luxottica SpA, the makers of Ray-Ban and Oakley sunglasses, to bring a high fashion sensibility to its high-tech wearable computer, Google glass. “Luxottica... Read more »
Beijing demands explanation over leaked documents apparently detailing NSA spying operation on Chinese telecom giant. Beijing has called for a clear explanation from Washington over a report that the US National Security Agency (NSA) infiltrated servers at... Read more »
Russian shares fell sharply on Friday as investors weighed the impact of western sanctions over Ukraine. The MICEX index, which is priced in roubles fell as much as 3% and the RTS,... Read more »
NEW YORK: US oil prices slid below $100 a barrel on Thursday as the dollar strengthened on raised expectations of a Federal Reserve interest rate hike sooner than previously thought. New York´s... Read more »
TOKYO: Tokyo stocks opened 1.50 percent higher on Tuesday after US shares rose despite international tensions over Crimea. The Nikkei-225 index was up 213.74 points to 14,491.41 at the start. US stocks... Read more »