UK budget airline Flybe snubs counter-bid

Ailing no-frills British airline Flybe on Wednesday rejected a counterbid and repeated its backing for a takeover from a consortium led by Britain's Virgin Atlantic.

World's top electric car makers 'talk collaboration'

Electric car-makers Nissan and BMW are keen to collaborate with rival Tesla after the US company agreed to share its patents with competitors, the Financial Times reported on Monday.

China's Alibaba posts 16.6% rise in 2011 net profit

Chinese Internet company Alibaba on Tuesday posted a net profit of 1.71 billion yuan ($271.48 million) in 2011, up 16.6 percent over the previous year, but with weakness in the fourth quarter.

Interview: Samsung to step up Apple patent war

(AP) -- A top Samsung executive says the company will take a bolder stance in its patent battle with smartphone and tablet rival Apple, which Samsung claims has been "free riding" on its patented wireless technologies.

India 3G auction to be held on schedule: minister

India's long-awaited auction for third generation (3G) mobile telecom services will be held on schedule next month, a minister said Friday, dismissing media speculation of a delay.