Business

Lenovo Group Ltd has agreed to buy IBM Corp's server business for $2.3 billion as the Chinese PC giant grabs another piece of the computing world in a long-awaited deal. The acquisition comes nearly a decade after Beijing-based Lenovo bought...

The global economy started 2014 on a disjointed note with the euro zone's private sector in better shape than expected and China's vast manufacturing industry contracting for the first time in six months. Surveys on Thursday showed stronger growth across...

Carl Icahn has taken a stake in eBay Inc and is proposing a spin-off of the its fast-growing PayPal division, but the e-commerce giant rebuffed the overture, setting the stage for a potential battle with the activist investor. EBay, which...

South Africa's AMCU union said on Thursday it was still seeking a minimum of 12,500 rand ($1,100) in wages from Impala Platinum (IMPJ.J) after reports emerged late last year that it had lowered its demands. The union's president Joseph Mathunjwa...

The first weeks of 2014 showed North Asia's manufacturing and export giants enjoying mixed fortunes, with South Korea and Japan starting the year positively, while China, the biggest of the trio, was still struggling to regain momentum. Asia's top export...

Cloud software maker VMWare Inc said it would buy mobile security company AirWatch for about $1.18 billion in cash and about $365 million in installment payments and assumed unvested equity. AirWatch will become a unit of VMWare and its employees...

IBM Corp missed revenue expectations for the fourth consecutive quarter as the world's biggest technology services company grappled with weakening demand for its servers and storage equipment, particularly in growth markets like China. As a result of the disappointing results,...

Motorola Solutions Inc, which makes walkie-talkies, rugged mobile computers and tablets, reported a 3 percent rise in quarterly revenue, helped by higher government sales. Net income rose to $343 million, or $1.31 per share, for the fourth-quarter ended December 31,...

McDonald's France (MCD.N) has confirmed tax inspectors visited its local headquarters but denied wrongdoing after French media reported it had transferred over 2.2 billion euros ($3 billion) abroad since 2009 to dodge taxes. The French arm of the U.S. hamburger...

Federal Reserve policymakers will likely leave intact their delicately worded easy-money message when they meet next week, despite a surprisingly sharp drop in U.S. unemployment that threatens to make a central part of that message irrelevant. Top Fed officials believe...