Cisco Systems will invest $1 billion over two years to expand its cloud offerings, the company said on Monday, linking hundreds of data centers and cloud providers around the world in a network with more than 30 partners.
Country
China regulator approves Apple's iPhone 6 for sale in China
Apple Inc's (AAPL.O) iPhone 6 can now be sold in China, after the firm received a license for the device to be used on China's wireless networks.
NY targets Commerzbank employees in sanctions accord - sources
New York's financial regulator wants some Commerzbank AG (CBKG.DE) employees to be fired as part of a settlement over allegations the German lender improperly processed transactions with Iran and other countries facing U.S. sanctions, according to people familiar with the matter.
U.S. GDP third Estimation after terrible Winter at 4.6 Percent
In the second quarter the U.S. economy grew at its fastest pace in 2-1/2 years with all sectors contributing to the jump in output in a bullish signal for the remainder of the year.
August showed Increase in Personal Spending and Income
After a weak July the U.S. consumer spending and personal income picked up pace in August while inflation remained flat, the Commerce Department reported Monday.
Latest News
Russia issued a new warning on Monday that it would retaliate if the European Union or Ukraine push ahead with moves to implement a free-trade agreement.
Belgian visual technology company Barco NV (BAR.BR) is on the verge of selling its aerospace and defense business to a U.S. industrial firm, local business daily De Tijd said on Monday.
Australia's Treasury Wine Estates Ltd (TWE.AX), one of the world's biggest wine companies, rejected takeover offers from private equity firms saying bids that valued it at $3 billion were insufficient and required it take on too much debt.
One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group Inc (AIG.N) was, in fact, legal.
UBS said on Monday it was launching a share-for-share exchange to set up a new holding company, UBS Group AG, part of a restructuring drive to ensure it can be broken up more easily in a crisis.
The little known Asia head of Mercuria will be key in tying the Swiss commodity trader's $3.5 billion acquisition of JP Morgan Chase and Co's physical commodity desk into the company's China business.
Alibaba Group Holding Ltd's finance arm has been given government approval to set up a private bank, China's banking regulator said on Monday, the latest step in the e-commerce company's push into the financial services sector.
Japanese drugmaker Daiichi Sankyo Co Ltd (4568.T) has agreed to acquire U.S. biopharmaceutical company Ambit Biosciences Corp (AMBI.O) in a deal valued up to $410 million as it looks to build its presence in oncology, the companies said.
Alibaba Group Holding Ltd, in its first big investment since raising $25 billion in a record-breaking New York initial public offering, has bought 15 percent of Chinese hospitality technology provider Beijing Shiji Information Technology Co Ltd for 2.81 billion yuan ($458.66 million).
