Fiat slashes targets for next two years due to languishing Europe sales

MILAN: Fiat sharply cut its group targets for the next two years on Tuesday, saying languishing sales in austerity-hit Europe may mean its trading profit in 2014 is a third lower than it targeted two years ago.

Medium-sized firms 'optimistic' about overseas expansion

Some 78% of the 100 UK firms surveyed expected revenue from foreign ventures to grow over the next three years.

Nintendo's Wii U games console will be sold at a loss

Nintendo has confirmed that it will lose money on every sale of its Wii U console at launch. The Japanese firm's president revealed the news after the firm cut its profit forecast.

Apple's investment manager wrestles with $120bn problem

It is one of the world's largest hedge funds, with $121bn under management, but its name is virtually unknown in financial circles.

Samsung posts $7.4 bn profit, handsets mask weak chips

SEOUL: South Korean technology powerhouse Samsung Electronics Co posted a fourth straight record quarterly profit - of $7.4 billion - with strong sales of its Galaxy range of phones masking sharply lower sales of memory chips.

Europe warns Microsoft on antitrust

LONDON (CNNMoney) -- European antitrust authorities moved a stepcloser Wednesday to issuing a hefty fine against Microsoft for failing to offer Windows users a choice of Internet browsers.

Yahoo sees modest rise in revenues under new boss

Yahoo has posted a 2% rise in revenues for the first three months under the leadership of its relatively new chief executive Marissa Mayer.