Alibaba Group Holding Ltd appointed Jeff Zhang to oversee its main services on Monday, bringing Taobao, Tmall and Juhuasuan into a newly created "China Retail Marketplaces" division.
North America
Developers wrestle with making 'killer app' for Apple Watch
Software developers say it will not be easy to come up with a "killer app" for Apple Inc's Watch - few have seen the product and the software is still in test mode.
U.S. wholesale inventories rise; labor market tightening
U.S. wholesale inventories unexpectedly rose in January as sales recorded their biggest decline since 2009, lifting the number of months it would take to clear warehouses to its highest level in more than 5-1/2 years.
KKR nears $2 billion deal for Air Medical - sources
KKR & Co LP (KKR.N) is in advanced talks to acquire Air Medical Group Holdings Inc in a deal that could value the U.S. helicopter ambulance company at around $2 billion, including debt, according to people familiar with the matter.
S&P 500 posts worst day in two months on rate worries
U.S. stocks dropped on Tuesday, giving the S&P 500 its biggest decline in two months, on increasing views the Federal Reserve may raise rates as soon as June.
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The U.S. Senate on Monday confirmed former Google Inc executive Michelle Lee to head the U.S. Patent and Trademark Office, a position that has been vacant for more than two years.
Chipmaker Qualcomm Inc said it would buy back up to $15 billion of shares and raise its quarterly dividend. Shares of the company, which said it would buy back up to $10 billion of shares in the next 12 months, rose 2.6 percent to $74.60 in extended trading on Monday.
An upstate New York man, who was set to face trial in May for attempting to defraud Facebook Inc and founder Mark Zuckerberg, is missing, his lawyer said on Monday.
Apple Inc (AAPL.O) launched its long-awaited watch on Monday, including yellow or rose gold models with sapphire faces costing up to $17,000, but investors questioned whether Chief Executive Tim Cook's first product would be a breakaway hit.
The International Monetary Fund's bailout program for Ukraine assumes Kiev will be able to get $15.4 billion from talks with its creditors, according to four sources familiar with the IMF's documents.
Investors pulled $18.5 million from Bill Gross's Janus Global Unconstrained Bond Fund (JUCAX.O) in February, the first such cash withdrawal since the closely watched investor took on the portfolio in October, Morningstar said on Monday.
Billionaire investor William Ackman has purchased a five percent stake in Valeant Pharmaceuticals (VRX.TO) (VRX.N), his hedge fund said on Monday, making him the Canadian drug company's fifth-largest stakeholder.
U.S. stocks bounced back on Monday, helped by merger and acquisitions activity, while Apple shares ended slightly higher following the long-anticipated rollout of its watch.
Yahoo Inc shareholder Starboard Value LP said the company's spinoff of its stake in Alibaba Group Holding Ltd was a "good first step" but it could do more, including a share buyback of up to $4 billion.
