Russia ordered to pay Yukos shareholders $50 billionThe arbitration court in The Hague has ordered Russia to pay shareholders of Yukos $50 billion in compensation over its seizure of the one-time oil giant, main shareholder GML Ltd said in London
28 July 2014 15:30
Bose sues Beats over headphone patentsAudio technology veteran Bose Corporation sued Beats Electronics over patented technology for canceling noise in earphones.
Hello Kitty designer defends cute character as cat turns 40The flamboyant designer of Japanese cartoon and global mega-brand Hello Kitty defended the cute cat against new rivals Thursday as the character prepares to celebrate her 40th birthday.
17 July 2014 23:37
Government slaps $579 million penalty on India's RelianceThe Indian government has announced a new penalty of $579 million on the country's largest private company, Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row.
16 July 2014 10:45
Ride-share operator Lyft's New York launch hit snagRide-share operator Lyft was forced to postpone its planned launch in New York after a court intervened over demands that it satisfy local safety and licensing requirements.
Samsung Electronics flags 25% plunge in Q2 profitSamsung estimated Tuesday that its operating profit would plunge nearly 25 percent on year in the second quarter of 2014, as cheap Chinese devices and a strong won hammered down its share of the global smartphone market.
08 July 2014 12:25
Twitter buys mobile ad firm Tap CommerceTwitter announced that it has cut a deal to buy mobile ad firm Tap Commerce to bolster money-making tools at the popular one-to-many messaging service.
China state copper firm chief jumps to his death: reportThe head of a $2.0-billion Chinese copper producer fell to his death from a building, the firm announced Wednesday, and a state-run newspaper said he committed suicide following corruption allegations.
25 June 2014 16:55
Fosun goes to Hollywood with Studio 8 investmentShanghai-based conglomerate Fosun International said it would take a stake in new US media company Studio 8, marking a rare investment by a Chinese firm in Hollywood.
American Airlines, owed $750 mn, trims flights to VenezuelaAmerican Airlines, owed some $750 million by Venezuela, said Tuesday it was sharply reducing flights to the South American nation from July after the two sides failed to read a deal, a spokesman said.
18 June 2014 10:39
Hong Kong steel firm pays $470 mn for 5-star Paris hotelA Hong Kong steel investment firm said it has agreed to pay almost $470 million for the five-star Paris Marriott Hotel Champs-Elysees, as it targets Chinese tourists' desire for luxury travel.
18 June 2014 08:18
Shell reduces holding in WoodsideRoyal Dutch Shell on Tuesday announced it was reducing its stake in Australia's Woodside Petroleum, selling Aus$5.3 billion (US$5.0 billion) in shares as it focuses its Australian growth in directly-owned assets.
China Eastern to buy 80 Boeing 737sUS aerospace giant Boeing said Friday that China Eastern Airlines has agreed to buy 80 737 aircraft, its biggest single-aisle purchase to date by a Chinese airline.
