XML US Business News

China Puts Microsoft Under Microscope

published about 2 hours ago
China Puts Microsoft Under Microscope
Chinese officials said they are investigating whether Microsoft violated Chinese antimonopoly laws, citing compatibility issues with the tech firm's Windows and Office software.

Foxconn Confirms Death in China

published about 2 hours ago
Foxconn Confirms Death in China
Contract manufacturer Foxconn said an employee died in Shenzhen, China, reigniting concerns about the Apple Inc. supplier's labor practices.

French Mall Owner to Buy Dutch Rival

published about 2 hours ago
French real-estate company Klepierre, which owns shopping malls across Europe, is to buy Dutch rival Corio for $9.68 billion in a deal that will create an industry leader.

Hyundai Heavy Posts Record Loss

published about 3 hours ago
South Korea's Hyundai Heavy Industries posted its worst quarterly loss ever, hurt by a stronger local currency and discounts it has offered since last year to prop up sales amid a slowdown in the global shipbuilding industry.

BP Warns on Russia Sanctions

published about 3 hours ago
BP reported a rise in second-quarter profit, boosted by its investment in Russian energy group Rosneft, but warned that further economic sanctions on Russia could adversely impact its business.