Daimler AG (DAIGn.DE) has opened a research and development (R&D) center in Beijing tasked with further tuning its Mercedes-Benz brand to wealthy Chinese tastes and closing the sales gap with Audi AG (NSUG.DE) and BMW AG (BMWG.DE).
Sectors
Wrist-worn drone wins Intel smart clothing contest
Intel Corp on Monday awarded $500,000 to a group of do-it-yourselfers who developed a wristband that converts to a camera-equipped drone to win a contest the chipmaker hopes will help guarantee it a leading position in the emerging market for wearable computing devices.
Chrysler U.S. sales up 22 percent on pickup truck demand
Fiat Chrysler Automobiles (FCHA.MI)(FCAU.N) U.S. October sales rose 22 percent on strong pickup truck demand, the company said on Monday.
RTL takes control of YouTube fashion platform
European broadcasting group RTL Group said on Monday it had taken control of StyleHaul, a YouTube fashion platform, as it beefs up its online presence to keep younger viewers, whom it may lose at its traditional TV channels.
Original Apple computer could fetch $600,000 at December auction
A fully operational Apple computer that company co-founder Steve Jobs sold out of his parents' garage in 1976 for $600 will hit the auction block in December, where it is expected to fetch more than half a million dollars, Christie's said on Monday.
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Virgin Galactic could have a new spacecraft ready to fly by next year, the chief executive of Richard Branson's space tourism company said in an interview published on Sunday, reacting to concerns about the safety of technology used in the Virgin craft that crashed last week
Takata Corp disclosed for the first time that it began making air bags with a recently discovered flaw as early as 2008, in a report to the U.S. National Highway Traffic Safety Administration that the agency released on Saturday.
Sony Corp (6758.T) posted a smaller than expected second-quarter operating loss on Friday, hailed by its finance chief as proof that the Japanese group's restructuring program is paying off.
Spanish oil firm Repsol (REP.MC) is set to accelerate a $10 billion acquisition drive to take advantage of lower U.S. shale valuations in the face of falling oil prices and eventually fill a gap left by the 2012 seizure of its Argentine business.
Diageo PLC (DGE.L) is nearing a deal with Jose Cuervo that would give the British liquor company full ownership of Don Julio tequila in exchange for its Bushmills whiskey label, the Wall Street Journal reported on Saturday, citing people familiar with the matter.
Data from both sides of the Atlantic will give clues in the coming week on just how bad the euro zone economy is and just how sustainable is its U.S. counterpart.
When Prime Minister Shinzo Abe raised Japan's sales tax from April, he was betting he could break a jinx that has doomed leaders who raised the levy to losing their jobs.
India's Prime Minister Narendra Modi said on Sunday he was committed to bring back funds illegally deposited in banks outside the country to avoid tax, widely referred to as "black money".
Investors betting that oil prices will recover are starting to support the battered prices of high-yield bonds from exploration and production (E&P) energy companies.
