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US, China near deal to save ZTE: report

The United States and China have a tentative deal to save embattled Chinese telecom company ZTE, days after the two nations announced a truce in their trade standoff, The Wall Street Journal reported Tuesday.

Picasso 'accidentally' damaged, withdrawn from sale

A Picasso self-portrait estimated to be worth $70 million and due to go under the hammer in New York on Tuesday, has been "accidentally damaged" and withdrawn from auction, Christie's said.

News Corp reports loss on writedowns, weakness in newspapers

Rupert Murdoch's newspaper-focused News Corp on Thursday reported a loss in the past quarter, as results were hit by a writedown in the value of its Australian television operations and declines in print advertising revenues.

Currency headwinds sap Bayer in Q1

German chemicals firm Bayer said Thursday exchange rate headwinds had undermined revenues and profits in the first quarter, but kept its eyes on a planned takeover of US seeds and pesticides maker Monsanto.

US judge temporarily blocks Xerox takeover by Fujifilm

A US judge late Friday temporarily blocked the planned takeover of US photocopy maker Xerox by Japan's Fujifilm, saying the deal prioritized the interests of the Xerox CEO over that of the company's shareholders.

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