Sotheby's gives Loeb board seats, avoiding showdown
Sotheby's agreed Monday to appoint hedge fund activist Dan Loeb and two allies to its board, averting a shareholder vote over the direction of the prestigious fine art auctioneer.
Portugal to end EU-IMF bailout with clean break
Portugal decided to make a clean break from its EU-IMF bailout on Sunday, following in the footsteps of Ireland by forgoing a credit line as it prepares a full return to the credit markets.
US economy rebounds, adding 288,000 jobs in April
The US economy pumped out 288,000 jobs in April, the highest pace in over two years, in a fresh confirmation that growth has resumed after a harsh winter freeze.
04 May 2014
DR Congo opens one of Africa's largest gold mines
DR Congo, one of the world's biggest gold producers, on Friday formally opened one of the continent's largest gold mines in the far northeast of the country.
France suspends pig imports from North America, Japan
France has suspended imports of live pigs from the United States, Canada, Mexico and Japan to try to prevent the Porcine Epidemic Diarrhoea virus entering the country, the French agriculture ministry announced.
03 May 2014
Mixed verdict in Samsung-Apple patent trial
Jurors on Friday ordered Samsung to pay just a fraction of the big-money damages sought by Apple in a high-stakes Silicon Valley case over smartphone patents.
New Zealand wine exports hit record levels
New Zealand wine exports reached record levels in the 12 months to March amid surging demand from key markets, an industry body said.
01 May 2014
Rolls-Royce says in talks to sell energy unit to Siemens
German engineering giant Siemens, which is seeking to buy French firm Alstom's energy division, is in talks to purchase Rolls-Royce's energy production arm, the British aircraft engine maker said.
01 May 2014
Microsoft to sell Xbox One in China in September
Microsoft will later this year start offering its Xbox One game console with a local partner in China, where such devices were banned for more than a decade.
Germany's Bayer says new products drive Q1 growth
German chemicals and pharmaceuticals giant Bayer, maker of Aspirin, said on Monday it turned in a better first quarter performance than expected thanks to healthy growth driven by new products.