There is no need to panic at the recent drop in oil prices, the secretary general of OPEC said on Wednesday, saying low prices would curb competing supplies and require the group to pump far more by the end of the decade.
Sectors
Nintendo to develop 'quality of life' device to track sleep, fatigue: CEO
Japanese video game maker Nintendo Co Ltd will develop a device to measure a user's fatigue and map their sleep, Chief Executive Satoru Iwata said on Thursday, the first offering from the company's newly created healthcare division.
Ridesharing company Uber gains ground in Las Vegas courtroom
The ridesharing company Uber gained ground in Las Vegas Wednesday when a District Court judge ruled against a restraining order that would have temporarily prohibited it from operating in Clark County, the Las Vegas Review-Journal reported.
Xiaomi moves into third place in global smartphone war
China's Xiaomi Inc has become the world's third-largest smartphone vendor just three years after first hitting the market, trailing only Samsung Electronics Co Ltd and Apple Inc, according to a new industry study.
Microsoft launches wearable fitness device for $199
Microsoft Corp launched a device called "Microsoft Band" that will allow users to monitor their fitness and exercise regime, marking the world's largest software company's debut into the wearable technology market.
Latest News
Woodbridge International, a global mergers and acquisitions firm specializing in middle-market companies, is pleased to welcome Sophie Sauvage as the firm's new Senior M&A Advisor heading up Woodbridge's office in Lyons, France.
Shell Midstream Partners LP IPO-SHLX.N, a master limited partnership formed by Royal Dutch Shell Plc (RDSa.L), priced its enlarged initial public offering of 40 million units at $23 per unit, above its expected price range of $19-$21 per unit.
Royal Bank of Canada (RY.TO) said on Tuesday it pulled out of and forfeited fees in the Alibaba (BABA.N) initial public offering, after an employee commented on the deal during the quiet period before the world's largest IPO.
The U.S. government sued AT&T Inc (T.N) on Tuesday, alleging the No. 2 U.S. wireless carrier sold consumers unlimited data plans but would reduce their Internet speeds once they exceeded a certain amount of data.
Japanese e-commerce giant Rakuten Inc said it will offer a cut-rate smartphone service for about a third of the monthly fees charged by the country's three dominant operators, adding to increasing price competition in the sector.
Pfizer Inc (PFE.N) reported stronger-than-expected quarterly results, helped by growing sales of its cancer drugs and demand for its medicines in emerging markets, but did not signal any acquisition plans following its recent failed efforts to buy rival British drugmaker AstraZeneca Plc (AZN.L).
Warren Buffett's Berkshire Hathaway Inc (BRKa.N) conglomerate has sold a marketing and direct mail unit to a Wisconsin businessman, according to a statement on Tuesday.
Washington's city council approved a bill on Tuesday regulating app-based ridesharing companies such as Uber and Lyft in the U.S. capital, a council spokesman said.
Vietnam-based telecoms operator Viettel plans to invest $1 billion in a new third-generation (3G) mobile phone network in Tanzania, the office of the east African country's president said on Tuesday.
