Google Inc and other investors are planning to invest about $500 million in hardware and software developer Magic Leap Inc to deliver "cinematic reality", technology website Re/Code said, citing sources.
Regions
Berlin and Paris seek reform proposals to avert policy clash
The German and French economy ministers have asked experts in Berlin and Paris to come up with reform recommendations for both countries in an apparent attempt to avert a full-blown clash between the euro zone heavyweights over economic policy.
French tourists avoid Tunisia after traveler's beheading in nearby Algeria
Tunisia lost about a third of its French tourist bookings to cancellation shortly after the beheading last month of a French traveler by Islamist militants in neighboring Algeria, the country's tourism minister said on Monday.
Facing new oil glut, Saudis avoid 1980s mistakes to halt price slide
Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980s, the world's top oil exporter Saudi Arabia is determined not to make the same mistake again.
China to scrap mortgage fees for some home loans: state media
China will scrap some charges for homebuyers who borrow from a government housing fund, state media said on Monday, as Beijing makes another move to boost the weak property market by reducing costs.
Latest News
Samsung Electronics Co Ltd does not expect a price war to break out in the semiconductor industry next year even though it is ramping up capacity, the chief executive of the world's biggest memory chip maker said on Tuesday.
Hundreds of alleged usernames and passwords for online document-sharing site Dropbox were published on Monday on Pastebin, an anonymous information-sharing website.
Russian hackers exploited a bug in Microsoft Windows and other software to spy on computers used by NATO, the European Union, Ukraine and companies in the energy and telecommunications sectors, according to cyber intelligence firm iSight Partners.
FLG Partners (www.flgpartners.com), today announced the election of Mark Murray as a partner in the firm, bringing the number of partners to 24. "We are very pleased that Mark has joined the firm," said Jeffrey Kuhn, Managing Partner of FLG.
The U.S. government now has more than $1 billion available to fight the spread of Ebola from West Africa and is proceeding with plans to deploy up to 4,000 military personnel to the region by late October.
Global regulators are making it more expensive for hedge funds and insurance companies to raise money from loaning shares in a bid to curb hitherto unregulated risks in "shadow banking".
J.C. Penney Co Inc (JCP.N) named Home Depot Inc (HD.N) executive Marvin Ellison as its new chief on Monday, ending an 18-month search but barely allaying investor concerns over problems facing the money-losing department store chain.
French low-cost telecoms operator Iliad SA (ILD.PA) abandoned its attempt to buy T-Mobile US Inc (TMUS.N) on Monday because of resistance from majority owner Deutsche Telekom (DTEGn.DE), becoming the third bidder to walk away from the carrier in three years.
French economist Jean Tirole won the 2014 Nobel Prize for economics for work that has shed light on how governments can "tame" the big businesses that dominate once-public monopolies like railways, highways and telecommunications.
