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Net-A-Porter founder quits, will not be on merged group's board

MILAN/PARIS - Natalie Massenet, founder and executive chairman of online fashion group Net-A-Porter (NAP) abruptly resigned on Wednesday ahead of its planned acquisition by Italy's Yoox.

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Brazil's president says Uber costs jobs, let cities decide

BRASILIA - Brazilian President Dilma Rousseff criticized ride-sharing app Uber on Wednesday for adding to unemployment, but she said each city had to decide how to deal with the service that has riled conventional taxi drivers.

7:00pm BST

German carmakers win U.S. antitrust approval to buy Nokia maps

WASHINGTON - German carmakers BMW, Audi and Mercedes have won U.S. antitrust approval to buy Nokia's maps business for around 2.5 billion euros ($2.8 billion), the Federal Trade Commission said on Wednesday.

Deals 4:40pm BST

Twitter announces global expansion of self-service ads platform

- Microblogging website operator Twitter Inc said it had expanded its self-service ads platform to more than 200 countries and territories from 33 countries.

4:22pm BST

FAA names two new officials to lead on drone policy

WASHINGTON - The Federal Aviation Administration on Wednesday named two new officials to lead its effort to incorporate commercial unmanned aerial systems, or drones, into the U.S. airspace.

6:09pm BST

TowerJazz says new technology to improve smartphone battery life

TEL AVIV - Israeli specialty chip manufacturer TowerJazz and its joint venture with Panasonic have developed radio frequency (RF) technology that can improve battery life and boost data rates in fourth generation (4G) smartphones.

3:10pm BST
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ARM Holdings PLC 921.50p +0.88%
Sage Group PLC 501.50p -0.50%
Rightmove PLC 3,652.00p -1.14%

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