EBay’s PayPal unit is buying mobile wallet firm Paydiant as competition for in-store payments grows from rivals Apple and Google.
U.S. oil prices fell Monday after a widely watched forecaster said crude supplies in a key storage hub grew by a smaller-than-expected amount last week.
The Federal Reserve’s growing scrutiny of global banks has set off a scramble among foreign firms as they staff up and revamp operations to meet the central bank’s rising expectations.
NXP Semiconductors and Freescale Semiconductor have agreed to merge in a deal that values Freescale at $11.8 billion and would create a combined company with a market value of more than $30 billion.
Alibaba Group said it would work with Taiwanese officials after the Chinese e-commerce giant was told to withdraw from the market within six months for breaching investment rules.
French conglomerate Bolloré Monday said it raised its stake in Vivendi SA, tightening investor Vincent Bolloré’s grip on the French media group.
Sony’s struggling mobile unit can’t be justified at a low profit margin and won’t tie itself to smartphones or even hardware, its new president says.
Telecom firms trying to connect billions more people to the Web aren’t sure if Facebook is their friend or foe. Tensions between the phone and Internet industries will be on display at the Mobile World Congress in Barcelona.
At a private meeting with top European telecommunications firms in December, a Google Inc. envoy made a surprising pitch: let’s bury the hatchet.
Morgan Stanley said the New York Attorney General’s Office plans to sue the firm alleging it had misled investors in bonds tied to subprime mortgages.