Sony chief says time needed to study proposal

Sony Corp. needs more time to study a key proposal from a U.S. hedge fund to spin off a part of its entertainment unit as a way to propel its fledgling revival, the chief executive told shareholders Thursday.

HP cutting at least 850 jobs in Germany

US computer giant Hewlett-Packard said Friday it was closing its enterprise software operation in Ruesselsheim, Germany, in a move eliminating at least 850 jobs.

'Multiple parties' interested in Yahoo!: memo

Yahoo! is fielding inquiries from "multiple parties" who have expressed an interest in the struggling Internet company, officials said Friday in a memo sent to employees and obtained by AFP.

Bartz blasts Yahoo! board

Fired Yahoo! chief executive Carol Bartz has responded to her dismissal with a characteristically salty blast at the board of directors of the Internet company.

Yahoo! board re-elected, Bartz comes under fire

Yahoo! chief executive Carol Bartz defended her turnaround efforts at the Internet pioneer Thursday and won the endorsement of the company's chairman and shareholders.

Alibaba head rejects Yahoo! protest over pay unit

The head of Chinese e-commerce giant Alibaba said Saturday the firm's move to transfer ownership of its online payment unit was "legal and 100 percent transparent", rejecting protests by US-based Yahoo!

Tens of millions battle Pakistan floods as death toll rises

Tens of millions of people across Pakistan were Monday battling the worst monsoon floods in a decade, with countless homes washed away, vital farmland destroyed and the country's main river threatening to burst its banks.

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