Business

Samsung Electronics Unveils Second Tizen-Powered Smartphone

Tech giant Samsung Electronics Co Ltd unveiled on Wednesday the second smartphone powered by the its own Tizen operating system, its latest bid to increase the popularity of its own software ecosystem. Samsung said the Z3 will go on sale...

Global Shares, Dollar Slip As China Inflation Cools

World shares fell for a second day running and the dollar dropped to its lowest in almost a month on Wednesday following new signs of a slowdown in China's economy. Limp inflation figures from China, volatility in other major emerging...

A $70 Oil Floor? Fat Chance, But Opec Price Plan May Be First Step

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The safe money for oil traders is betting that Venezuela's plan to resurrect OPEC's old price band mechanism, attempting to set a $70 floor for the battered market, will be doomed from the start. Saudi Arabia, the group's de facto...

Stock Futures Fall On Weak China Trade Data

U.S. stock index futures were lower on Tuesday as weak Chinese trade data rekindled fears about the health of the global economy. * Data showed Chinese imports fell 20 percent in September due to weak commodity prices and domestic demand,...

U.S. Says Apple E-Books Antitrust Monitor No Longer

The U.S. Justice Department has determined that Apple Inc has implemented significant improvements to its antitrust compliance program and that a court-appointed monitor's term does not need extended, according to a court filing. The Justice Department in a letter filed...

Barclays To Pick Former Jpmorgan Banker As New CEO

British bank Barclays PLC (BARC.L) is close to naming former JPMorgan Chase (JPM.N) banker Jes Staley as chief executive, signaling a renewed focus on an investment banking division that has been pared back over the past three years. Barclays offered...

Exclusive: Pepsi, Coca-Cola Competing For Investment In Chobani

PepsiCo Inc (PEP.N) and Coca-Cola Co (KO.N) are in talks to invest in Chobani LLC, in a deal that the Greek yogurt maker hopes could value it at as much $3 billion, including debt, according to people familiar with...

World’s Biggest Beer Makers Agree To Join Forces

The world's top two beer makers agreed Tuesday to join forces to create a company that would control nearly a third of the global market and bring together top U.S. brands Budweiser and Miller Genuine Draft. After turning down five...

Dell To Acquire EMC In $67 Billion Record Tech Deal

Computer maker Dell Inc said on Monday it had agreed to buy data storage company EMC Corp in a $67 billion record technology deal that will unite two mature companies and create an enterprise technology powerhouse. The acquisition will help...

Wall St. Flat As Investors Await Bank Earnings

U.S. stocks were little changed in muted trading on Monday as investors paused before a busy week of quarterly results from U.S. banks and several Dow 30 companies. JPMorgan (JPM.N) reports on Tuesday, with Goldman Sachs (GS.N), Bank of America...