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Carphone Warehouse closing UK Best Buy stores

(AP) -- Carphone Warehouse Group PLC is closing its 11 Best Buy "big box" electronics stores, launched in April last year, as part of a reorganization of its relationship with the U.S. retailer.

Ericsson sells its Sony Ericsson stake to Sony

LM Ericsson and Sony Corp. announced Thursday they will go separate ways as Ericsson sells its 50 percent stake in mobile phone maker Sony Ericsson to Sony for euro1.05 billion ($1.46 billion).

Sony Ericsson profits down in 3rd quarter

Mobile phone maker Sony Ericsson posted a break-even third quarter Friday - blaming the drop in earnings on higher taxes and lower margins - and announced that it is shifting its entire portfolio to smartphones next year.

Google 'applying for China mapping licence'

Google and its joint venture partner in China have applied for a licence to operate an online mapping service in the world's biggest web market, a news report said on Tuesday.

Lenovo targets German market with bid for Medion

Chinese computer maker Lenovo said Wednesday that it would buy the electronics group Medion of Germany to double Lenovo's share of Europe's biggest personal computer market.

$138 million in funding for Gilt Groupe

Online private sales company Gilt Groupe said Monday that it has raised $138 million in new funding led by Japan's Softbank Group.

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