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IBM revenue fall dims upbeat profit forecast

International Business Machines Corp reported its 19th straight quarter of declining revenue, but forecast full-year earnings above Wall Street estimates due to growth in newer areas such as cloud-based services and analytics.

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Bain, Permira interested as Toshiba flags chip business stake sale: Kyodo

TOKYO Japan's struggling Toshiba Corp has started the process to sell a minority stake in its flash memory chip business worth several billion dollars, and funds Permira and Bain Capital have expressed interest, Kyodo news agency reported.

Deals, Japan 2:24am GMT

Czech inventor gives snow chains a modern makeover

VRBNO POD PRADEDEM, Czech Republic After struggling one night to get chains on his tyres on a snowy mountain, Czech businessman Petr Gross decided he needed to come up with something that did the job better.

19 Jan 2017

Toshiba shares extend losses on accounting woes

TOKYO Shares in Japan's Toshiba Corp extended losses on Friday, weighed down by concern over a potentially bigger-than-expected $6 billion writedown triggered by cost overruns at its U.S. nuclear business.

Japan 12:26am GMT

Sweden's Telia mulling bid for Danish peer TDC: Dagens Industri

STOCKHOLM Swedish telecom operator Telia is mulling a bid for Denmark's TDC , Swedish business daily Dagens Industri reported on Thursday, citing unnamed sources.

Deals, 12:23am GMT

U.S exchanges rent helicopter, drape banner in pursuit of Snapchat IPO

SAN FRANCISCO/NEW YORK This past November, Nasdaq Inc hired a helicopter to film Manhattan's skyline using Snapchat's new video-camera sunglasses and sent the aerial footage to its social media followers. | Video

19 Jan 2017

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