Business

News Hour: German prosecutors are investigating former Volkswagen chief executive Martin Winterkorn on suspicion of fraud, looking into when he first knew that the carmaker was rigging diesel emissions tests. It is the second investigation into...

News Hour: Toshiba Corp said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown, adding that its overseas nuclear division – the...

News Hour: Microsoft on Thursday reported a rise in profits over the past quarter, showing gains in cloud computing and other new areas of focus as it absorbed the LinkedIn social network. The US tech giant...

News Hour: Google parent Alphabet on Thursday reported that its profit in the final three months of last year climbed on growth in mobile search and video-sharing service YouTube. For earnings purposes, Alphabet separates operations such...

News Hour: U.S. healthcare giant Johnson & Johnson will buy Swiss biotech company Actelion in a $30 billion all-cash deal that includes spinning off Actelion’s research and development pipeline, the companies said on Thursday. The biggest...

News Hour: Mobile telecom equipment maker Ericsson cut its annual dividend by 73 percent, with its new CEO saying the Swedish company would prioritize profitability after it suffered an operating loss in the last three months...

News Hour: Facebook Inc has hired Hugo Barra, the most prominent global executive at Chinese smartphone maker Xiaomi Inc, to lead its virtual reality business including the Oculus unit, Chief Executive Mark Zuckerberg said. The 32-year-old...

News Hour: Strikes cut deeply into the fourth quarter profits of South Korea’s second largest automaker, Kia Motors, it said on Thursday. Net profit came to 320 billion won (US$276.3 million) in the October-December period, down...

News Hour: Kazakhstan has agreed to continue talks about a tax dispute with the Karachaganak consortium of oil majors led by Shell and Eni despite beginning arbitration proceedings, the Kazakh Energy Ministry said on Thursday. Quoting...

News Hour: Japan’s exports rose for the first time in 15 months in December on strong sales of electronics and car parts, a positive sign for the export-reliant economy even as U.S. protectionism threatens to hurt...