UPS, FedEx seek ways to manage massive peak season package bulge

Determined not to repeat a holiday season that left millions of packages delivered too late and customers seething, United Parcel Service Inc (UPS.N) and FedEx Corp (FDX.N) are investing heavily in new infrastructure - but the continued dynamic growth of e-commerce will test those efforts.

Africa

Nestle keeps W. Africa plants open, ready to act if Ebola spreads: CEO

Nestle has no plans to close any of its eight factories or curb output in cocoa and coffee-rich West and Central Africa because of Ebola, but is ready to adapt if it spreads, the Chief Executive of the world's largest food company said on Wednesday.

AMC Networks buys 49.9 percent stake in BBC America

AMC Networks Inc (AMCX.O) said on Thursday it agreed to pay $200 million for a 49.9 percent stake in BBC America and would take operational control of the cable television channel.

Singapore Airlines signals budget determination with Tiger takeover

Singapore Airlines Ltd (SIA) (SIAL.SI) is injecting cash into money-losing Tiger Airways Ltd (TAHL.SI), signalling its resolve to persevere in the low-cost segment even after the budget affiliate bowed out of three regional markets.

Rolls-Royce finalizes engineering JV with Hispano-Suiza

British engineer Rolls-Royce said on Friday it has finalised a deal to create a joint venture which will design and develop accessory drive train transmissions for all of the company's future civil aircraft engines.

Apple ponders sapphire options, leaves door open for GT

Apple Inc (AAPL.O) said on Thursday it is studying options for sapphire supply and might work again with GT Advanced Technologies Inc (GTATQ.PK) if the distressed supplier can reduce production costs for the scratch-resistant material.

Digital River to be acquired by investor group for $840 million

E-commerce services provider Digital River Inc said on Thursday it entered into an agreement to be acquired by an investor group led by Siris Capital Group LLC for about $840 million.

BNY Mellon China JV gets regulator approval for exit of U.S. partner

A unit of Bank of New York Mellon Corp, one of the largest wealth managers in the United States, has won regulatory clearance for the sale of its stake in a joint venture with China's Western Securities Co Ltd , as a shake-out continues among partnerships in the country's financial industry.

Airbnb valued at $13 billion as it discusses employee stock sale: WSJ

Online home-rental marketplace Airbnb Inc valuation is set to be valued at $13 billion, up from its $10 billion valuation in March this year, as it discusses an employee stock sale, according to a report by the Wall Street Journal.

Drugmakers may need indemnity for fast-tracked Ebola vaccines

Drugmakers are looking for some kind of indemnity from governments or multilateral agencies against possible losses or claims arising from the widespread emergency use of new Ebola vaccines in Africa.

Brazil real slumps to 2005 low, Bovespa erases 2014 gains

The Brazilian real on Thursday slumped to a 9-1/2-year low while the Bovespa stock index erased its 2014 gains as investors feared President Dilma Rousseff may defeat market-favorite candidate Aecio Neves in Sunday's presidential election.

Yen stumbles as strong US earnings revive risk trades

The yen languished at two-week lows against the dollar early on Friday, having come under renewed pressure overnight after an encouraging rally on Wall Street dampened demand for the safe haven currency.

Fed lays out scenarios for 2015 bank stress tests

The U.S. Federal Reserve said on Thursday it would assume wider corporate bond spreads and a higher oil price in the most strenuous scenario it will use in next year's run of its annual check of banks' health.

Microsoft sales beat Street hopes, cloud profits up

Microsoft Corp (MSFT.O) reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact.

U.S. jobless claims data point to firming labor market

The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend firmly pointed to strengthening labor market conditions.

Norwest Venture Partners Expands Presence With New Investment Team Hire and Office in San Francisco

Norwest Venture Partners (NVP), a global, multi-stage venture and growth equity investment firm, today announced that Sean Jacobsohn has joined the firm as Principal. A venture investor and former SaaS executive with broad technology, sales and business development expertise

China's Xiaomi shifts some smartphone user data out of Beijing on privacy concerns

Fast-growing Chinese smartphone maker Xiaomi Inc said on Thursday it is migrating some data on non-Chinese customers away from its servers in Beijing due to performance and privacy considerations.

Abbott, Mylan silent on why changing tax-inversion terms

Drugmakers Abbott Laboratories (ABT.N) and Mylan Inc (MYL.O) on Wednesday declined to explain in detail why they changed the terms of a $5.3 billion deal in which Mylan will buy part of Abbott's overseas generics business and reincorporate for tax purposes in the Netherlands.

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