China's Huawei Technologies says 2014 profit likely rose 17 percent

Huawei Technologies Co Ltd likely booked a 17 percent increase in operating profit last year, as worldwide adoption of fourth-generation (4G) mobile technology boosted earnings at China's leading telecommunications equipment maker.


Apparent Islamic State backers hack U.S. military Twitter feed

The Twitter and YouTube accounts for the U.S. military command that oversees operations in the Middle East were hacked on Monday by people claiming to be sympathetic toward the Islamic State militant group being targeted in American bombing raids.

E.ON sells most of Italian business to Czech-based EPH

Germany's largest utility E.ON AG has agreed to sell its Italian gas- and coal-fired power plants to Czech energy company EPH, ridding itself of unwanted assets from an acquisition spree in 2007.

Oasis Petroleum 'happy' to have SPO as largest shareholder

North Dakota oil producer Oasis Petroleum welcomes having hedge fund SPO Partners & Co as its largest shareholder, Chief Executive Tommy Nusz said in an interview on Monday, commenting on a fund that has been a shareholder since Oasis went public in 2010.


Latest News

Microsoft Corp has complained publicly about tech rival Google Inc revealing a security flaw in its Windows 8.1 system just days before Microsoft was scheduled to roll out a fix for the problem, potentially exposing users to hacking.
The chief executive of Smith & Nephew, the medical device maker that has been the subject of persistent takeover rumors, on Monday said mergers designed to gain size do not change market share dynamics in the hip and knee replacement business.
Oil fell 5 percent to its lowest in nearly six years on Monday, extending the second-deepest rout on record, after Goldman Sachs warned that prices would fall further and Gulf oil producers showed no sign of cutting output.
The Federal Reserve should stop talking about the need for a "patient" interest rate policy just before it thinks it will begin hiking rates, a top Fed policymaker said on Monday.
China's Alibaba Group Holding Ltd is in talks with the South Korean city of Incheon for a 1 trillion won (about $923 million) joint investment on a new business complex, the Dong-A Ilbo daily reported on Monday.
Hyundai Motor Co's chairman and vice chairman are seeking to raise about $1.25 billion by selling shares of Hyundai Glovis, a person familiar with the matter said, a move that could smooth succession in the family-owned conglomerate.
China's biggest movie theater operator Wanda Cinema Line Corp is seeking to raise 1.26 billion yuan ($203.26 million) through an initial public offering, scaling back its original listing plan, people with knowledge of the matter said.
Roche Holding will acquire a majority stake in molecular and genomic analysis business Foundation Medicine, it said on Monday, signaling its determination to expand in cancer immunotherapy by paying a hefty mark-up on the U.S. company's current price.
Volkswagen's latest push to become more than just a niche player in the United States builds on a truism the German carmaker has long ignored: tune in to U.S. customers.
Indian Prime Minister Narendra Modi promised on Sunday to pursue predictable policies and ensure stable taxes, in a speech that sought to address concerns for foreign investors in Asia's third-largest economy.