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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.

07 August 2013

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.

06 August 2013

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).

05 August 2013

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.

05 August 2013

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.

03 August 2013

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.

03 August 2013

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.

02 August 2013

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".

02 August 2013

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.

30 July 2013

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.

26 July 2013

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.

26 July 2013

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.

25 July 2013

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.

20 July 2013

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

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