Microsoft won unconditional approval from the European Union to buy Nokia's mobile-phone business, a deal the U.S. software company hopes will propel it into the market for digital devices.
Apparel chains have heavy inventory loads, raising concern their weak Thanksgiving showing will force bigger markdowns that could hurt fourth-quarter profits.
Detroit, the fallen capital of U.S. industrial might, was declared eligible Tuesday for the largest-ever municipal bankruptcy, clearing an important hurdle for the cash-poor city to restructure billions of dollars in debt.
China gave out licenses for speedier mobile services, clearing the way for China Mobile, the world's biggest carrier by subscribers, to offer the iPhone to its customers.
Former Tyco CEO L. Dennis Kozlowski is set for parole early next year following his 2005 criminal conviction and imprisonment for looting the company.
Yota Devices is launching a dual-screen smartphone with the hope that it will change the way people view mobile technology.
Ryder CEO Robert E. Sanchez sees an opportunity to grab more market share for the truck-leasing, logistics and supply-chain company.
A Korean city of 67,000 people, with the country's tallest tower, has risen from what was a barren wasteland 11 years ago. But the Songdo project has been a financial disappointment for its developer.
Bill Gross's Pimco Total Return Fund—the world's biggest bond fund—saw its clients cash out $3.7 billion in November.