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Alibaba, China Telecom tie up to sell phones

Chinese e-commerce leader Alibaba Group Holding Ltd and state-owned China Telecom Corp Ltd have tied up to sell inexpensive smartphones aimed at boosting mobile commerce in smaller cities and rural areas.


Germany hints at preparations of a Plan B on Greece

German Finance Minister Wolfgang Schaeuble hinted on Saturday that Berlin was preparing for a possible Greek default, drawing a parallel with the secrecy of German reunification plans in 1989.

Investors seek protection against healthcare stock decline

Healthcare companies on a seven-year tear have been top performers so far in 2015, helping to push broad stock indexes to record levels, but traders are now looking to protect themselves from a selloff as they await major earnings reports in the sector.

Deutsche faces tough task paring back retail, investment banking

If running a global bank is complicated, cutting one back is even more difficult. Deutsche Bank (DBKGn.DE) faces a long and costly battle, analysts say, to sell Postbank (DPBGn.DE) and pare investment banking, the new strategic goals it outlined late on Friday.


Latest News

KickassTorrents domain name was removed within 24 hours by the IM Domain Registry. KAT then directed users to a “Kat.cr” domain, and reopened their previous site. Besides the Isle of Man, Sweden is also looking to cancel The Pirate Bay domain names.
Canon Inc (7751.T) said on Friday it owned 84 percent of the shares in Swedish video-surveillance firm Axis AB (AXIS.ST), and said it was extending the period for other shareholders to accept but would not raise its offer price of 340 Swedish crowns per share.
Executives at Brazil's Petrobras on Thursday sought to move on from a giant corruption scandal that has plagued the state-run oil company, outlining a back-to-basics recovery plan that left some investors hoping the worst was over.
Mexico's America Movil (AMXL.MX) said on Friday that it was still reviewing alternatives to a sale of assets in Mexico in the wake of AT&T's entry into the market, adding that it did not want to sell infrastructure.
Japanese consumer electronics firm Sony Corp (6758.T) has raised its operating profit estimate for fiscal 2015 to 300 billion yen ($2.52 billion), or four times its previous estimate, the Nikkei reported on Saturday.
Sweden's Volvo Cars will produce at its Belgian factory a small car based on a common platform and engine technology developed with Chinese parent Zhejiang Geely Holding Group [GEELY.UL], Volvo's chief said.
There is an ongoing limited public beta for ZeniMax Online Studios and Bethesda's "The Elder Scrolls Online: Tamriel Unlimited." Invited players will get a chance to explore Tamriel before its worldwide release on June. However, participant won't be able to carry over their beta characters to the live versions on PlayStation 4 and Xbox One. The trial commenced on April 23 and ends on April 27.
"Devious Maids" couple Valentina and Remi will be so much affected by the tragic shooting incident that took place in season 2's finale. Fans of Lifetime's acclaimed drama will see the couple less this season as stars Edy Ganem and Drew Van Acker won't be regulars of the show anymore. "Devious Maids Season 3" returns on Lifetime on June 1.
Kurt Russell described Quentin Tarantino as the "king pirate" while filming the much-awaited "The Hateful Eight." Russel, who plays as a bounty hunter in the film, said Tarantino is truly a one of a kind director who really knows his craft and does well in taking charge of a production consists of stellar casts. "The Hateful Eight" will be released in theaters this fall.
Greek Foreign Minister Nikos Kotzias said on Friday he respects Germany just not German politics, nor the way Berlin views Greece's economy, which faces the prospect of running out of money if it cannot agree to new bailout terms with creditors.