When companies in the same industry have common owners, consumers pay
If you owned two companies in the same industry, would you make them compete? Probably not, knowing the firms make higher profits if they don't.
Facebook sues law firms, claims fraud
Facebook is suing several law firms that represented a man who claimed he owned half of the social network and was entitled to billions of dollars from the company and its CEO Mark Zuckerberg.
Prospects of ending corporate corruption 'bleak'
Legislation designed to help law enforcement agencies respond to economic crimes such as corporate corruption and bribery is facing significant obstacles to enforcement – and the situation is unlikely to improve in the ...
Tablet sales show fresh signs of cooling: survey
The market for tablet computers is cooling off rapidly as consumers take another look at newer PCs and turn to large-screen smartphones, a market tracker said Wednesday.
Arguments made in ex-dictator's suit against game
(AP)—A judge has heard arguments from lawyer and former New York City Mayor Rudy Giuliani calling for the dismissal of a lawsuit filed against video game giant Activision by former Panamanian dictator Manuel Noriega.
China's Alipay offers mobile wallet for US sites
(AP)—China's half billion online shoppers will soon have an easier way to shop in the U.S.
iPhone glass maker to cut 727 jobs in Arizona
(AP)—A manufacturer of sapphire glass that Apple Inc. uses in iPhones plans to eliminate 727 jobs at an Arizona plant.
New iPhones deliver big profits for Apple (Update)
New big-screen iPhones helped propel Apple's profit and revenue in the last quarter, as the California tech giant smashed earnings expectations.
US Supreme Court weighs generic drug dispute
(AP)—The US Supreme Court seems divided as it considers a high-stakes patent dispute between rival pharmaceutical companies over the world's best-selling multiple sclerosis treatment.
India's TCS Q2 rises 13% on US, European deals
India's biggest outsourcing firm Tata Consultancy Services Thursday reported a 13.6 percent rise in quarterly net profit from a year ago on strong demand from clients in North America and Europe.
Smartphones cut into Google profit and share price
The rise of smartphone use to access the Internet, and slowing clicks on ads, cut into profits by Google in the third quarter, the company has revealed.
Microsoft's Nadella gets $84M pay package
Microsoft has given its new CEO Satya Nadella a pay package worth $84.3 million, most of it in the form of long-term stock awards.
Women's pay remark trails Microsoft chief to the cloud
Even as Microsoft ramped up Internet "cloud" offerings for businesses, its chief continued to be dogged by a comment that women should not ask for pay raises.
Amazon hires 80K seasonal holiday workers
(AP)—Amazon is hiring 80,000 seasonal workers for its distribution centers as it looks to improve its shipping efficiency during the crucial holiday season.