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Portugal Telecom shareholders postpone vote on asset sale

Portugal Telecom SGPS (PTC.LS) shareholders on Monday postponed until Jan. 22 a vote on the sale of its former operations by its merger partner, Brazil's Oi (OIBR3.SA), complicating the 7.4 billion euro ($9 billion) deal and possibly casting doubts on the long-agreed deal.


Microsoft, Google tangle over Windows security patch

Microsoft Corp has complained publicly about tech rival Google Inc revealing a security flaw in its Windows 8.1 system just days before Microsoft was scheduled to roll out a fix for the problem, potentially exposing users to hacking.

Medical device maker Smith & Nephew CEO: Big not always beautiful

The chief executive of Smith & Nephew, the medical device maker that has been the subject of persistent takeover rumors, on Monday said mergers designed to gain size do not change market share dynamics in the hip and knee replacement business.

Lululemon forecast signals turnaround moves bearing fruit

Lululemon Athletica Inc (LULU.O) issued a robust forecast for the current quarter on Monday that topped market expectations and lifted its shares as strong holiday sales signaled the Canadian yogawear maker's comeback efforts may be paying off.


Latest News

The stress of having her second child and her constant worry over Prince William potentially following the Duke of York's footsteps had a news site speculating that she might following the same fate as Princess Diana.
Amanda Knox made headlines 7 years ago with regard to the murder of Meredith Kercher. Many are asking where is she now and what is she doing while waiting for the next decision on March 2015.
The return of ‘Arrow’ for the mid-part of its third season will bring in a new form of suspense and excitement to fans. It will finally be revealed if Oliver Queen managed to survive the deadly battle where he was severely wounded by his nemesis Ra’s al Ghul.
Kandi Buruss' party last week only ended up in disaster. However, the gracious host insists it wasn't her fault. Who does she blame?
Eddie Redmayne may have needed to cut his honeymoon short for Golden Globes, but it seems worth it after the actor won Best Actor for his portrayal of Stephen Hawking in "The Theory of Everything." He confesses that he felt anxious for the role.
With the released photos of the reshoots of the upcoming Insurgent film being posted online, it looks like 'Insurgent' fans are going to expect a lot of action. Onscreen boyfriend and girlfriend Theo James and Shailene Woodley will certainly captivate fans everywhere with their undeniable chemistry.
“The Last of Us” was well received by players when it was initially released by Naughty Dog. Players were able to connect with the game on an entirely new level. However, Game Developers thinks that they could have done more.
China's Alibaba Group Holding Ltd is in talks with the South Korean city of Incheon for a 1 trillion won (about $923 million) joint investment on a new business complex, the Dong-A Ilbo daily reported on Monday.
Hyundai Motor Co's chairman and vice chairman are seeking to raise about $1.25 billion by selling shares of Hyundai Glovis, a person familiar with the matter said, a move that could smooth succession in the family-owned conglomerate.
China's biggest movie theater operator Wanda Cinema Line Corp is seeking to raise 1.26 billion yuan ($203.26 million) through an initial public offering, scaling back its original listing plan, people with knowledge of the matter said.