Business
U.S. pharmacy chain Walgreens confirms $5bn takeover of Boots
U.S. pharmacy chain Walgreens has confirmed it is to take full control of Boots.
Italy slides back into recession despite strong recovery across Eurozone
The Italian economy shrank by 0.2 percent in the second quarter, dragging the eurozone’s third-biggest economy back into recession and further behind...
Rupert Murdoch’s 21st Century Fox drops $76bn bid for Time Warner
Rupert Murdoch’s 21st Century Fox has abandoned its attempt to take over rival media giant Time Warner.
Samsung says patent lawsuits with Apple dropped outside U.S.
Arch-rivals Samsung and Apple have decided to drop a series of bitter patent disputes pending in multiple courts outside the United States, the South Korean...
Russia considers airspace ban on European airlines in response to sanctions
Russia could impose restrictions on European airlines using trans-Siberian routes in response to EU sanctions over Ukraine, according to business paper...
Google: Except for child pornography, we don’t snoop your email looking for crimes
Google isn’t searching your emails for other crimes, the company told Business Insider, even though a registered sex offender was recently arrested...
LinkedIn to pay $6 million in unpaid wages and damages
LinkedIn Corp agreed to pay about $6 million in back overtime and damages to 359 current and former employees after a U.S.
Free shipping may soon become the new normal in Canada
When Walmart Canada introduced free shipping on all online purchases last year, it was a clear message to its rivals that it was gearing up for a fight.
Electronics giant Panasonic wants Singaporeans to eat its vegetables
Japan’s Panasonic Corp, best known for its television sets and home theatre systems, wants to feed Singaporeans its radishes and lettuce.
Deals and funding worth billions to be announced at Africa Summit
The United States will announce nearly US$1 billion in new business deals, increase funding for peacekeeping and commit billions of dollars to expanding...
U.S. sanctions prevent Russian tycoon from using his jet
A businessman and associate of Russian President Vladimir Putin says he cannot use his luxury jet because of U.S.
Botox maker sues billionaire hedge fund manager over ‘fraudulent’ takeover bid
Billionaire investor William Ackman (pictured above) is in hot water with the Botox maker Allergan that claims his hedge fund, Pershing Square, colluded...
Facebook under fire: Student starts global class action suit
Austrian law student Max Schrems appealed to a billion Facebook users around the world on Friday to join a class-action lawsuit against Facebook’s...
Microsoft sues Samsung alleging contract breach
Microsoft has sued Samsung in U.S. federal court, claiming the South Korean giant had breached a contract over licensing of technology used in the fiercely...
EU targets 5 Russian banks, adopting toughest sanctions yet over Ukraine crisis
The European Union has published a law that will curb arms sales to Russia and cut off financing for five major Russian banks over Moscow’s support...
Samsung profit falls 20% as smartphone sales slow
Samsung reported a bigger-than-expected fall in second quarter profit today and said it was uncertain if earnings from its handset business would improve...
In the red: Argentine slides into default as debt talks collapse
The collapse of talks with U.S. creditors has sent Argentina into its second debt default in 13 years and raised questions about what comes next for financial...
Workers take to picket line to demand reinstatement of much-loved CEO
A workers’ revolt at a supermarket chain in the U.S. has led to empty shelves, angry customers and support for a boycott from more than 100 state...
As holy month of Ramadan draws to an end, retailers enjoy the profit
Intended to be a month of spiritual reflection and cleansing, Ramadan — which is likely to end this weekend — is an exercise in self-restraint that...
Alan ‘Ace’ Greenberg, Bear Stearns leader during rise, peak and fall, dies
Alan “Ace” Greenberg, the former CEO of Bear Stearns, has died at age 86 of complications from cancer, his family said.
Amazon shares tumble on deeper-than-expected $126m loss
Amazon’s strategy of putting investment ahead of profits prompted a further share sell-off in after-hours trading Thursday night, when it emerged...
Facebook soars as Zuckerberg’s cash machine kicks into gear
Two years ago, it wasn’t clear Facebook would ever make money on mobile ads.
Apple’s court battle with 20,000 workers ‘denied breaks and not given wages’
A court case against Apple by 20,000 disgruntled ex-employees has been granted class-action status.
Tuned out: Google put off buying Spotify because of $10bn price tag
Internet titan Google tried last year to buy streaming music service Spotify but backed off for reasons including a whopping price tag.
U.S., world airlines halt flights to Tel Aviv over missile fears
In a sign of increased caution about flying near combat zones, U.S. and European airlines halted flights to Israel on Tuesday after a rocket landed near...
China food scandal as McDonald’s and KFC provider is shut
China has shut a factory of U.S. food provider OSI Group for selling out-of-date meat to restaurant giants including McDonald’s and KFC, authorities...
New Peru law removes environmental safeguards to ‘bolster investment’
Dozens of international groups, the United Nations, and even Peru’s own citizen ombudsman are objecting to a new law that weakens environmental protections...
Tobacco company told to pay widow of cancer patient $23.6 billion
A U.S. court has ordered the country’s second-largest cigarette company to pay $23.6 billion to the wife of a smoker who died of lung cancer.
For those too nervous to fly, Malaysia Airlines offers future fare refunds
For those who have booked flights on Malaysia Airlines but are too nervous to travel on the ill-fated carrier, full refunds have been made available.
Uber is really taking on the car industry, not just the taxi business
In an effort to grow its business and market share, the smartphone-summoned car service is cutting prices 20% to 25% for its UberX service (for smaller...
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