The smartwatch had been seen as the latest addition to the consumer electronics market however a source said the device would not change anything in the industry.

Microsoft Corp had been acquiring and investing in companies in the last two decades as the software maker planned to accelerate its presence in a market that it does not own.

BMW is appealing a decision to impose a EUR150 million fine for alleged customs laws violations. German car giant BMW is set to face fines worth EUR100 million in India for allegations of violations committed against the country's importation rules.

To cut costs, which is expected to triple by 2020, IBM has moved its retiree pension plan to a health exchange for lower risk and costs.

An agreement was made between EU Commission and bank officials for a capital hike for the world's oldest bank.

After a disappointing recommendation for the next Vivendi CEO, Vincent Bollore throws hat into the ring for the position.

Allegations of anti-competitive activity would be investigated on by the European Commission. A formal statement is being prepared by the European Commission for Gazprom to inform them that allegations have been raised regarding anti-competitive gas pricing.

Italy' economy minister assures the market that Italy has no policy to oppose foreign bids for domestic enterprises.

Generali Chairman Gabriele Galateri said that it had planned to exit the company through a stake sale unless it comes up with a convincing business plan.

Greek Prime Minister announced on Saturday that the country would return to growth next year as its would exit recession.