Business

Swiss officials say they are returning to Nigeria some $380 million linked to the country's former dictator, Gen. Sani Abacha. Geneva prosecutors said Tuesday they ordered the money seized in Luxembourg starting in 2006. It was transferred to Switzerland and...

Japanese video game maker Nintendo Co Ltd will venture into smartphone games, heeding calls from investors to boost revenue by taking iconic characters like Super Mario to players increasingly shunning its consoles. Nintendo, which already warned its annual operating profit...

Photo-sharing application company Pinterest has raised $367 million in its latest round of funding, according to a filing with the Securities and Exchange Commission on Monday. The amount raised values the company at $11 billion, The Wall Street Journal reported. The...

European Union antitrust regulators have extended their deadline for a decision on General Electric's (GE.N) 12.4 billion euro ($13.15 billion) bid for Alstom's (ALSO.PA) power equipment business after a request from the U.S. group. The European Commission, which opened a...

Facebook is providing the public with more information about what material is banned on the social network. Its revamped community standards now include a separate section on "dangerous organisations" and give more details about what types of nudity it allows...

Federal authorities investigating the data breach at JPMorgan Chase & Co (JPM.N) are confident that a criminal case will be filed against the hackers in the coming months, the New York Times reported, citing people briefed on the investigation. JPMorgan...

At more than 15 percent of his fund's assets, John Burnham, manager of the $136 million Burnham Fund, has a larger stake in Apple Inc than any other diversified fund. "I think they are doing everything right and it's still...

Holcim (HOLN.VX) called a halt on Monday to its merger with Lafarge (LAFP.PA), pressing the French company to renegotiate the deal terms and putting their plan to create the world's biggest cement maker at risk. The deal announced in April...

BlackBerry Ltd (BB.TO) (BBRY.O) on Friday won the dismissal of a U.S. lawsuit accusing it of fraudulently inflating its stock price by painting a misleadingly upbeat picture of the prospects for its BlackBerry 10 smartphone line. U.S. District Judge Thomas...

PepsiCo (PEP.N) will invest $500 million in Egypt this year to expand production, its business unit manager for North East Africa said on Saturday. Ahmed El Sheikh told Reuters at an investment conference in Sharm El-Sheikh that the investment comes...