Swatch Group is happy to go it alone with a launch next year of watches with "smart" features to compete with so-called wearable gadgets from the big tech companies, a market potentially worth $93 billion.
Industry
New Apple iPhone to have 'mobile wallet' function: Bloomberg
Apple Inc plans to enable its next iPhone to become a mobile wallet by allowing owners to securely make mobile payments in a store with the touch of a finger, Bloomberg said on Sunday, citing a person familiar with the situation.
Heineken to sell Mexican can, bottle maker to Crown
Dutch brewer Heineken (HEIN.AS) has agreed to sell its Mexican packaging business Empaque to Crown (CCK.N) for $1.23 billion including debt, shedding a non-core business it acquired when entering the Mexican market in 2010.
Citi to pay allowance to compensate for limited bonuses
Citigroup Inc (C.N) has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level of base salaries, the Financial Times reported, citing several people.
Britain's Barclays to sell Spanish assets to Caixabank
Barclays is selling its Spanish retail and corporate banking operations to Caixabank, the two companies said on Sunday, as the British bank starts shrinking its struggling European divisions as part of a major overhaul.
Latest News
French media company Vivendi (VIV.PA) picked Telefonica (TEF.MC) for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia (TLIT.MI).
Real estate owner Store Capital Corp, backed by private equity firm Oaktree Capital Management LLC, filed with U.S. regulators on Friday for an initial public offering of common stock.
India has decided to acquire Boeing's Chinook and Apache helicopters, an Indian defense ministry official said on Saturday, in a deal valued at $2.5 billion that could ease strained ties between New Delhi and Washington.
A judge on Friday lifted a suspension on her order directing Microsoft Corp (MSFT.O) to turn over a customer's emails stored overseas to U.S. prosecutors, but the software company said it would not release any emails while it appeals the ruling.
On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it.
German solar firm SAG Solarstrom AG, which filed for insolvency late last year, said on Saturday it agreed to be acquired by Shunfeng Photovoltaic International for 65 million euros ($85 million).
Digital Ally Inc forecast full-year revenue of about $22.5 million, encouraged by a "five-fold" rise in inquiries for its wearable cameras from police departments in the aftermath of the fatal shooting in Ferguson this month.
Japan's SoftBank Corp and its U.S. mobile carrier Sprint Corp will offer a Sony smartphone for the first time, sources with knowledge of the matter said, as the two technology titans confront daunting challenges in the U.S. market.
U.S. electric carmaker Tesla Motors (TSLA.O) said on Friday that it would partner with China's No.2 mobile carrier China Unicom (0762.HK) to build charging outlets across the country to push sales in the world's biggest auto market.
