Picasso 'accidentally' damaged, withdrawn from sale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to be worth $70 million and due to go under the hammer in New York on Tuesday, has been "accidentally damaged" and withdrawn from auction, Christie's said.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

China moves to rope in its tech 'unicorns'

Having lost the likes of Alibaba and Baidu to Wall Street, China is hatching a plan to woo them back and make sure it keeps a new generation of technology titans closer to home as it battles the US for supremacy in the sector.

Why Wall Street's worried about Tesla

Elon Musk's track record for technological feats as chief of SpaceX has turned skeptics into believers in everything from his quest to open space travel to Mars to his desire to build a tunnel for high-speed travel between ...

Sprint's rough week

Sprint is having its worst week in almost four years on Wall Street after announcing another attempt at merging with rival T-Mobile.

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.

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