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.
Industry
Norwegian Instagram rival to launch child safe tablet with Microsoft
Kuddle, a Norwegian picture sharing app designed for children, plans to launch a child safe tablet with Microsoft on Dec 1, and expects to sign funding deals with several venture capital firms within weeks, its chief executive said on Monday.
BMW launches automated driving project in China with Baidu
German luxury carmaker BMW is teaming up with Chinese internet giant Baidu to start highly automated driving trials in Beijing and Shanghai.
Cisco sets $1 billion investment for global cloud computing network
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.
Airbus seen set to win A350 certification on Tuesday
Airbus (AIR.PA) looks set to win European safety certification for its newest airliner, the A350, on Tuesday, people familiar with the plans said.
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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.
The European Commission will accuse Apple Inc (AAPL.O) of benefiting from illicit state aid in Ireland, based on preliminary findings of an investigation into tax deals, the Financial Times reported citing people familiar with the matter.
Instagram, the popular photo-sharing service owned by Facebook Inc (FB.O), has been blocked in China, according to numerous reports, including from Hong Kong-based reporters with the New York Times.
The dollar hit a four-year peak against a basket of currencies in early Asian trade on Monday, bolstering Japanese shares, but other Asian shares shrugged off Friday's Wall Street rebound in the face of political unrest in Hong Kong.
A proposed merger of Internet pioneers AOL Inc and Yahoo Inc could create a nimbler player in Web video, but strong growth, the measure of success in Silicon Valley, would remain elusive.
Airline passengers will be able to use smartphones and tablet computers throughout their entire flight, the European Aviation Safety Agency (EASA) said on Friday, which could also pave the way for airlines to offer wireless communication services.
Dubai construction company Arabtec ARTC.DU is close to completing the planning and design stage of its $40 billion deal to build one million homes in Egypt, the company said on Sunday.
