US sues to block US Airways-American Airlines merger
The US Justice Department and several states sued Tuesday to block the $11 billion merger between American Airlines and US Airways, saying it would reduce competition and push up fares.
Facebook to buy firm specializing in voice translation
Facebook has agreed to acquire Mobile Technologies, a firm specializing in voice translation software, the two companies said Monday, without providing financial details of the transaction.
Brazil energy giant paid bribes to parties: press
Brazil's state-run energy giant Petrobras funneled kickbacks to officials from political parties.
Kazakhstan paper producer Kagazy freezes former managers' assets
Assets of two former heads of Kazakhstan Kagazy have been frozen around the world under the company’s request.
Airbus complaint against Boeing ad dismissed
Boeing did not mislead readers of a trade magazine when touting the advantages of its 747-8 jumbo jet over rival Airbus' A380 model.
China fines baby formula firms $108 million for price-fixing: Xinhua
China has fined six mostly foreign baby formula companies a total of $108 million for price-fixing.
Amazon's Bezos buys Washington Post for $250 mn
The Washington Post, the legendary newspaper that broke the Watergate scandal, is being sold to Amazon founder Jeff Bezos as it seeks to survive the onslaught of the Internet.
Virgin Australia expects loss of $98 mln for year
Virgin Australia said Monday it was expecting a full-year loss of Aus$95-$110 million (US$84-98 million).
New York Times sells Boston Globe to baseball team owner
The New York Times Company announced Saturday that it has agreed to sell The Boston Globe newspaper for $70 million cash to the principal owner of the Boston Red Sox baseball team.
US antitrust regulators bid to rein in iTunes
The US Department of Justice on Friday launched a bid to more tightly regulate Apple's wildly lucrative iTunes storefront, after the tech giant lost a price-fixing case.
Yahoo buying binge continues with Rockmelt deal
Yahoo on Friday said it bought social web-browsing startup Rockmelt, extending a buying spree started shortly after Marissa Mayer became chief last year.
Australian mine firm guilty of Aboriginal site desecration
An Australian mining firm was convicted Friday of desecrating a sacred outback Aboriginal site in a landmark ruling protecting the beliefs of the beleaguered minority in the country.
Huawei lashes out at ex-CIA chief over spying claims
Chinese telecoms giant Huawei has hit back at allegations by a former CIA chief that the company spies for Beijing, labelling them "defamatory" and "baseless".
EADS to decide on Airbus name change in restructuring drive
European aerospace giant EADS is set to decide Tuesday whether to change its name to Airbus, its better-known plane unit, as part of an overhaul that will also merge its defence and space units.
Mobile chip giant sees smartphone surprises ahead
Leading mobile phone chip maker Qualcomm said Thursday that the next generation of smartphones will take another stride forward as the company reported robust quarterly earnings.
Halliburton admits destroying US oil disaster evidence
Halliburton Energy Services has admitted destroying evidence relating to the devastating 2010 Deepwater Horizon oil rig disaster in the Gulf of Mexico.
Raised offer for Dell hinges on change in vote process
Michael Dell and his investor allies modestly boosted their buyout offer Wednesday for the struggling computer giant he founded, and asked the board to change the method for shareholder approval.
Huawei spies for China, says ex-CIA chief
The former head of the United States' Central Intelligence Agency Michael Hayden said Friday it "goes without saying" that Chinese telecoms giant Huawei spies for Beijing.
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.
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.
