China's anti-monopoly regulator on Thursday announced its first-ever punishment of foreign carmakers for price-fixing, fining Volkswagen AG and Fiat's Chrysler a combined $46 million.
Legal & Regulatory
EBay to launch an in-app mobile ad network in fourth quarter
EBay Inc will begin running advertisements on its mobile app in the fourth quarter, moving the e-commerce company into the fast-growing and lucrative market for ads on devices such as smart phones and tablets.
U.S. threatened hefty fines to make Yahoo hand over user data
The U.S. government in 2008 threatened to fine Yahoo Inc $250,000 a day if it failed to turn over customer data to intelligence agencies, according to documents unsealed on Thursday.
Univision to provide content for DirecTV online service by year end
Hispanic media giant Univision will be a major supplier of content when satellite operator DirecTV (DTV.O) launches an Internet-delivered service aimed at a Hispanic audience, according to two people with knowledge of the agreement.
BlackBerry buys UK mobile technology start-up Movirtu
BlackBerry has acquired a U.K-based mobile technology start-up whose software allows users to have multiple phone numbers on the same device, the Canadian tech firm said on Thursday.
Latest News
Asia's richest man, Li Ka-shing, aims to buy his way into the global aircraft leasing business as his flagship investment firm holds talks with lessors on building a portfolio of planes, people with direct knowledge of the matter said.
Asian share market sentiment was cautious on Thursday after U.S. President Barack Obama vowed to fight Islamic State militants, while the dollar pushed to fresh six-year highs against the yen.
The addition of a mobile payments service to Apple Inc's next iPhone could help to boost sales of the larger-screen phones and claw back market share lost to mobiles running on Google Inc's Android platform.
Mexico's Grupo Salinas said on Wednesday its chairman will buy out its partner Grupo Televisa's (TLVACPO.MX) 50 percent stake in the country's No. 3 wireless operator Iusacell for $717 million and seek a strategic partner to build up the carrier.
T-Mobile US added 2.75 million customers in August, the largest number of monthly subscriber additions in its history, the carrier announced at a company event on Wednesday.
American Airlines has won regulatory approval to swap flight attendants' paper manuals for lighter Samsung tablets in a change that will save nearly $1 million a year, the company said on Wednesday.
The U.S. dollar held near a six-year peak against the yen early on Thursday and powered to a seven-month high on its New Zealand peer, which fell after the country's central bank said its current level is "unjustified and unsustainable".
U.S. stocks rose on Wednesday, helped by a rebound in Apple shares, while expectations for a stronger economy and thus higher interest rates from the Federal Reserve boosted the dollar to a six-year high against the yen.
Alibaba Group Holding Ltd (IPO-BABA.N) has received enough orders for its record-breaking initial public offering to cover the entire deal within just two days of its launch, people familiar with the IPO process said on Wednesday.
