Activist investor Starboard Value LP said on Friday it has acquired a "significant" stake in Yahoo Inc YHOO.O and urged the Internet company to explore a merger with AOL Inc AOL.N.
Industry
India reaches Red Planet, but at home red tape binds space firms
As India celebrated becoming the first Asian nation to reach Mars, S.M. Vaidya, head of business at conglomerate Godrej's aerospace division that made the spacecraft's engine and thruster components, sounded surprisingly downbeat.
Nike shares spike as profit beats estimates
Nike Inc's (NKE.N) shares rose as much as 11 percent to a record high after the world's largest sportswear maker reported a better-than-expected quarterly profit, prompting at least 13 brokerages to raise their price targets on its stock.
Air France urges pilots to accept deal to end strike
Air France sought to bring a costly 12-day pilots strike, over the expansion of its budget Transavia unit, to an end on Friday with a series of proposals that won the backing of the company's board and French Prime Minister Manuel Valls.
Raytheon links with Poland's WB Electronics in missile shield bid
U.S. weapons maker Raytheon has signed a letter of intent with Polish military software producer WB Electronics to cooperate in bidding for a contract to build Poland's planned anti-missile system, Polish state radio said on its website.
Latest News
China will more strictly police the expansion of cities to stop the spread of highly developed but sparsely populated cities or districts known as ghost towns, the state-backed Beijing News reported on Friday.
Yemen will destabilise its economy if it delays reforms such as cuts to energy subsidies, the International Monetary Fund said in a report released after the government rolled back some fuel price rises in the face of political unrest.
Lending to euro zone households and companies contracted for the 28th month in a row in August, though at a slower pace, putting a keener spotlight on European Central Bank efforts to get credit flowing again.
Venezuela announced on Friday the "temporary" takeover of two plants belonging to U.S. cleaning products maker Clorox Co which has left the country because of difficult economic conditions.
Bill Gross' abrupt departure from Pimco, the giant bond firm that he co-founded more than four decades ago, was preceded by months of clashes between the star investor and the firm's executive committee that got progressively worse, according to sources familiar with the situation.
U.S. companies are increasingly less optimistic about the business outlook in China, and see growing competition from local rivals who get preferential treatment as a key challenge, a survey showed on Friday.
The safety recall in parts of the United States of millions of vehicles with potentially defective air bags made by Japan's Takata Corp (7312.T) may expand to include General Motors Co (GM.N), according to documents filed this week with U.S. regulators.
China boosted the quotas it gives foreign institutions to invest in domestic securities by the largest amount in the third quarter since the final quarter of 2012 and regulators may also raise the limit on a parallel yuan-denominated program.
Hackers have begun exploiting the newly identified "Shellshock" computer bug, using fast-moving worm viruses to scan for vulnerable systems and then infect them, researchers warned on Thursday.
