Business

Microsoft’s impending purchase of Mojang, the Swedish developer with 100 million players of its open world Minecraft game, is more aimed at pulling users onto the software company's obscure mobile platform than its better known PC system or Xbox...

The Brazilian government is assessing whether to cut its most closely watched fiscal target in 2014 because revenues came in worse than expected and onetime expenditures climbed, Treasury chief Arno Augustin told Reuters on Friday. This is the first time...

Hewlett-Packard Co is exploring the sale of its web-based photo sharing service Snapfish, and has held discussions with multiple private equity and industry buyers, a person with knowledge of the situation said. Snapfish, which HP bought for more than $300...

RadioShack Corp (RSH.N) confronts an uncomfortable fact as it considers filing for bankruptcy to give it time to overhaul its 4,400 electronics stores: Retailers rarely emerge from bankruptcy. They often liquidate and go out of business. Founded in 1921, the...

Italian oil major Eni confirmed on Thursday its Chief Executive Claudio Descalzi was under investigation by Milan prosecutors in a case relating to the acquisition of an oil field in Nigeria. "Eni is cooperating with the Milan prosecutor's office, and...

Argentina's Congress gave final approval on Thursday to a law that would restructure the country's debt to skirt a U.S. court ruling that forced it into its second default in 12 years, although its efficacy looked uncertain. Under the debt...

The chief executive of aerospace and defense group Airbus criticized the German government on Thursday for its restrictive arms export policy, saying it could deter international cooperation on future defense projects. "When it comes to defense and security policy, what...

Data storage products maker EMC Corp has decided to explore selling its stake in its software unit, VMware Inc, giving into pressure from Paul Singer-run activist hedge fund Elliott Management Corp, the New York Post reported, citing sources familiar...

BEVERLY HILLS, September 10, (THEWILL) - Waheed Olagunju, the Bank of Industry's Executive Director, Small and Medium Enterprises has been conferred with the award of Corporate Ambassador at the 2014 Nigeria Arise Awards ceremony hosted recently by BEN Television of...

Dubai is building a minority stake in Nigeria’s largest cement manufacturer as the Gulf state deploys its finances to develop its role as an investment gateway into sub-Saharan Africa. The emirate’s state holding company is diversifying its portfolio by investing...