In smartwatch war, Swatch goes for cheap, quick and China

The world's largest watchmaker unveiled its riposte to Apple Inc's smartwatch on Thursday, announcing a plan to put cheap programmable chips in watches that will let wearers from China to Chicago make payments with a swipe of the wrist.


Senate committee advances 'threat-sharing' cybersecurity bill

The U.S. Senate Intelligence Committee voted 14-1 on Thursday to approve a bill intended to enhance information sharing between private companies and intelligence agencies about cybersecurity threats.

IBM looking at adopting bitcoin technology for major currencies

International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the "blockchain," to create a digital cash and payment system for major currencies, according to a person familiar with the matter.

Cold weather chills U.S. retail sales; jobs market firming

U.S. retail sales unexpectedly fell in February as harsh weather kept consumers from auto showrooms and shopping malls, tempering the outlook for first-quarter growth and a June interest rate increase by the Federal Reserve.


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U.S. stocks rose in a broad rally on Thursday, bouncing back from two days of losses, helped by weaker retail sales that paused the dollar's recent rally and tempered the outlook for interest rates.
U.S. airlines are expected to carry more passengers this spring than they have in seven years, Washington-based trade group Airlines for America said on Wednesday.
Dubai's Emirates Airline [EMIRA.UL] expects lower oil prices to translate into fuel savings in the financial year ending this month but is braced for foreign exchange hits in markets such as Europe, India and Russia, its chief operating officer said.
Airbus Helicopters (AIR.PA) is in the final stages of talks that could land it a contract worth at least $3 billion for the development and production of military and civil helicopters in South Korea, French media said on Wednesday.
KFC, the world's largest chain of fried chicken restaurants, may face pressure from consumer and environmental groups to change how its poultry are raised after McDonald's Corp (MCD.N) said it would switch to chicken raised without human antibiotics.
Alibaba Group Holding Ltd (BABA.N) is investing $200 million in photo-messaging app Snapchat, a source familiar with the deal said, striking its latest Silicon Valley deal as the Chinese ecommerce company builds up mobile services.
With shallow pockets but a deep commitment to promote "living wages", women's advocacy group UltraViolet has peppered Target Corp (TGT.N) with cheap location-focused online ads, challenging it to match Wal-Mart Stores Inc's (WMT.N) promise of $10-an-hour base pay.
South Korean tech giant Samsung Electronics Co Ltd said on Thursday it will start buying or selling the Chinese yuan for the won from the Seoul market on March 16.
A federal judge said Facebook Inc must face a nationwide class-action lawsuit seeking to force the social media company to provide refunds when children spend their parents' money on its website without permission.
Two Indian firms could get a boost from tech majors in what might turn out to be the first direct investment in the country by Google Inc and Alibaba. Chinese e-commerce giant Alibaba is in talks with Indian online marketplace Snapdeal over a potential cash investment,