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Deutsche Boerse to launch cloud computing exchange

Deutsche Boerse, operator of the Frankfurt stock exchange, unveiled Tuesday plans to launch a new market place where companies, public sector bodies and research institutes can buy and sell excess cloud computing capacity.

Sharp to make cutting-edge LCDs in China

Troubled Japanese electronics giant Sharp Corp is to produce cutting-edge LCD panels for smartphones in a Chinese joint venture from as early as 2015, a report said on Wednesday.

Rumours intensify of a bid for Nokia

Rumours that struggling Finnish mobile phone maker Nokia may be up for sale have intensified this week, with analysts seeing three potential buyers who could be even more interested if the company undergoes a restructuring.

Best Buy reports 1Q loss on restructuring costs

(AP)—Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.

NEC swings to annual net profit

Japan's NEC cast off two straight years of losses Friday, reporting it had returned to the black after a painful restructuring including layoffs and a business overhaul.

Mitsubishi Motors suffers fresh lithium battery setback

Mitsubishi Motors said Friday it had detected a new problem with lithium batteries used in its plug-in hybrid vehicle, the latest battery issue to affect the Japanese automaker in the past few days, media reports said.

Ericsson, STMicroelectronics to cut 1,600 jobs (Update)

Swedish wireless equipment maker Ericsson and Switzerland's STMicroelectronics say they will lay off up to 1,600 workers globally as part of a plan for splitting up their unprofitable joint venture.

Sinopec buys $1bn US shale stake from Chesapeake

Chinese oil giant Sinopec is investing $1.02 billion in a US shale field as it teams up with Chesapeake Energy Corp. in a 50-50 joint venture, the companies said Monday.

Alcatel-Lucent boss leaving as losses mount

Alcatel-Lucent CEO Ben Verwaayen is leaving the loss-making French-U.S. telecommunications gear maker after a failed four-year bid to turn the business around.

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