Verizon approaches AOL on potential deal

Verizon Communications Inc (VZ.N) approached AOL Inc (AOL.N) about a potential acquisition or joint venture to expand its mobile-video offerings, Bloomberg reported, citing people with knowledge of the matter.


Sony PlayStation 4 sales top 18.5 million units worldwide

Sony Corp (6758.T) on Tuesday said sales of its PlayStation 4 video game consoles exceeded 18.5 million units as of Jan. 4, up from 13.5 million at the end of October, showing solid holiday demand and a bright spot for a company recovering from a massive cyber-attack.

Morgan Stanley says wealth management employee stole client data

Morgan Stanley (MS.N) said on Monday it had fired a financial adviser who allegedly stole account information from about 350,000 of its wealth management clients and posted some of it online.

China abolishes rare earth export quotas

China has scrapped a quota system aimed at restricting exports of rare earths, a group of 17 metals used in high tech sectors, as it moves to comply with a World Trade Organisation (WTO) ruling last year, official Chinese media reported on Monday.


Latest News

Chipmaker Nvidia on Sunday unveiled a new processor aimed at powering high-end graphics on car dashboards as well as sophisticated auto-pilot systems.
Apple’s forthcoming smartwatch poses a conundrum for advertisers: How to tap the enticing possibilities of the tiny gadget without overwhelming consumers with messages.
Venezuelan President Nicolas Maduro said on Sunday he will visit China and several unspecified OPEC countries during a week-long tour meant to improve the South American nation's finances, which have been weakened by tumbling crude prices.
Japanese manufacturing activity showed sustained growth in December, a survey showed on Monday, suggesting domestic demand continues to recover after the economy fell into a surprise recession last year.
U.S. crude and Brent futures dropped to fresh 5-1/2-year lows on Monday as worries about a surplus of global supplies amid weak demand continued to drag on oil markets.
Fast-growing Chinese tech firm Xiaomi Technology Ltd Co [XTC.UL] booked 74.3 billion yuan ($11.97 billion) in pre-tax sales last year, up 135 percent from 2013, the firm's chief executive Lei Jun said on his official microblog account on Sunday.
The union representing American Airlines pilots approved the carrier's final contract offer late Saturday, paving the way for a retroactive 23 percent wage hike if its members concur in a vote this month.
Greek leftwing opposition leader Alexis Tsipras said the European Central Bank (ECB) could not exclude Greece if it decides to move to a full "quantitative easing" program to stimulate the euro zone's faltering economy.
Russia's 2014 oil output hit a post-Soviet record high average of 10.58 million barrels per day (bpd), rising by 0.7 percent helped by small non-state producers, Energy Ministry data showed on Friday.
The head of the Senate energy committee plans to introduce a bill next week to force approval of the Keystone XL oil pipeline, though the full chamber faces a battle in obtaining needed votes to overcome any veto by President Barack Obama.