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Philippines' San Miguel reaps $400 mn in power sale Philippine conglomerate San Miguel Corp. said Friday it sold part of its minority stake in the country's main electricity retailer for nearly $400 million.

20 July 2013

Panasonic, Sanyo fined $56 mn for price-fixing: US Japan's Panasonic and its subsidiary Sanyo have each pleaded guilty to price-fixing involving auto parts and battery cells, agreeing to pay $56.5 million in fines.

19 July 2013

AT&T to buy carrier Leap Wireless AT&T announced plans Friday to buy mobile carrier Leap Wireless in a deal worth at least $4 billion, giving the telecom giant more spectrum and the Cricket prepaid phone franchise.

14 July 2013

Hulu owners opt to keep online video service The entertainment studios behind Hulu took the online video service off the auction block Friday, opting instead to pump an additional $750 million into the Netflix rival.

14 July 2013

Railway blames firefighters in Canada train disaster The US rail company at the center of Canada's worst train disaster in recent history blamed firefighters for the deadly derailment, as police indicated they believe it could be a case of criminal negligence.

10 July 2013

Dongfeng, Renault to set up $1.8 bn JV: media Ambitious Chinese automaker Dongfeng Motor and France's Renault may sign a deal this month for an 11 billion yuan ($1.8 billion) joint venture after a decade of talks.

09 July 2013

Apple seeking 'next big direction': co-founder Apple is in a waiting period with the US gadget giant seeking the "next big direction" almost two years after the death of its groundbreaking boss Steve Jobs.

05 July 2013

Japan court to deliver verdict on Olympus executives A Japanese court on Wednesday is due to deliver a verdict in the case of three disgraced Olympus executives accused of engineering a massive accounting fraud at the camera and medical equipment maker.

03 July 2013

Murdoch splits empire into two firms Rupert Murdoch split his corporate empire into two parts under a long-promised plan to "unlock value" by separating high-flying entertainment operations from struggling publishing activities.

29 June 2013

Apple slumps below $400 after analyst comments Apple shares fell briefly below $400 Monday after an analyst said the iconic gadget maker is to slash production of its iPhones.

25 June 2013

'Phishing' scams explode worldwide: researchers Those insidious email scams known as phishing, in which a hacker uses a disguised address to get an Internet user to install malware, rose 87 percent worldwide in the past year.

23 June 2013

Hershey pays $4 mn fine for chocolate price-fixing US candy maker Hershey on Friday pleaded guilty to participating in a chocolate price-fixing scheme and paid a CAN$4 million (US$4.2 million) fine.

22 June 2013

Deloitte fined $10 mn in US laundering case Big accountancy Deloitte was fined $10 million by New York state on Tuesday for its actions in advising Standard Chartered Bank over money laundering.

19 June 2013

Corruption probe moves closer to IMF chief as aide charged Stephane Richard, the head of telecoms company Orange and a former aide to IMF chief Christine Lagarde, was charged in a corruption probe related to Lagarde's time as France's finance minister.

13 June 2013

Facebook shareholders vent ire over sagging stock Facebook shareholders on Tuesday grilled leaders of the social network regarding how they planned to revive the company's stock and protect user privacy from snoops including US spy agencies.

13 June 2013

Consumers in crisis-hit Spain put brakes on spending Spaniards are buying fewer cars, fewer clothes and even cutting back on smoking as a grinding recession and rising unemployment force them to slash spending, dealing a severe blow to manufacturers and shops.

11 June 2013

Canada accuses Nestle, Mars of chocolate price-fixing Canadian authorities charged Nestle, Mars and a network of independent wholesale distributors on Thursday over an alleged criminal conspiracy to fix the prices of leading chocolate bars.

07 June 2013

US panel backs Samsung, bans older Apple devices Samsung won a round in its long-running patent battle with Apple on Tuesday when a US trade panel banned the import and sale of some older models of the iPhone and iPad.

05 June 2013

Boeing starts building longer 787 model Boeing announced Sunday it has started building its 787-9, a longer version of its 787 Dreamliner, looking to leave the jet's problems behind.

03 June 2013

India's Infosys recalls founder as woes mount Infosys on Saturday reappointed co-founder N.R. Narayana Murthy to lead the Indian outsourcing giant two years after he retired, as the company grapples with weak earnings and falling market share.

03 June 2013

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