Halliburton Co (HAL.N) will buy Baker Hughes Inc (BHI.N) for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger NV (SLB.N) as falling oil prices threaten to erode demand.
Sectors
Australian, Indian leaders target free trade pact, economic boost
Australia and India will push for a free trade pact, Australian Prime Minister Tony Abbott and Indian Prime Minister Narendra Modi said on Tuesday during a rare state visit to Canberra by an Indian leader.
Toyota aims to replicate Prius success with fuel cell Mirai
Toyota Motor Corp on Monday said it will introduce its first mass-market fuel cell car in the United States next year, hoping to replicate the success of its Prius hybrid with a vehicle that runs on hydrogen instead of gasoline.
Obama's immigration plan offers some relief, risk for tech sector
President Barack Obama's executive action on immigration is expected to include some modest changes to make it easier for technology companies to retain high-skilled workers frustrated by long and unpredictable waits for green cards.
Apple's China app store now open for UnionPay card payments
Apple Inc's app store in China now accepts payments made using China's UnionPay credit and debit cards, the iPhone maker said on Monday, making purchases easier for users in Apple's second-largest app market.
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Dubai-based Souq.com, one of the Middle East's largest e-commerce businesses, aims for high double-digit revenue growth as it introduces "Black Friday"-type discount events to help lure shoppers from the city's retail malls.
A widening corruption scandal at state-run oil company Petroleo Brasileiro SA may change the country forever, Brazilian President Dilma Rousseff said on Sunday in her first public remarks since a sweeping police operation last week.
German Economy Minister Sigmar Gabriel said on Sunday he does not believe tighter sanctions against Russia will help resolve the Ukraine crisis even though Chancellor Angela Merkel said on Saturday the European Union is considering further sanctions.
Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine.
China should support its e-commerce industry with preferential policies, given the role it plays in stimulating domestic consumption and economic growth, China's State Council said in a paper released on Sunday.
Chips from Taiwan's MediaTek Inc were mostly passed over by the big phone brands a decade ago, with the likes of Nokia and Motorola commanding legions of in-house engineers who could advise on electronics and circuitry.
Facebook Inc is secretly working on a new website called "Facebook at Work" that would allow users to keep their personal profile separate from their work profile, the Financial Times reported.
About 160 Chinese health workers arrived on Saturday in Liberia, where they are due to staff a new $41 million Ebola clinic that, unlike most other foreign interventions, is being built and fully run by Chinese personnel.
President Barack Obama's plan to extend private health coverage to the uninsured entered a new uncertain phase on Saturday as U.S. government-backed online insurance marketplaces opened their 2015 plans to millions of potential enrollees.
