Apple fined by China court for copyright violation

A court in China has ordered Apple to pay compensation to eight Chinese writers and two companies for violating their copyrights.

Japan's Toshiba in talks to cut Westinghouse stake

TOKYO: Toshiba Corp is in talks to sell a 36 per cent stake in its US nuclear power unit Westinghouse, though the Japanese firm is in no rush to divest that portion of the company, Toshiba's top executive said.

Samsung seeks US sales ban on Ericsson products

Samsung Electronics has sought a ban on the import and sales of some Ericsson products in the US which it claims infringe its patents.

Toyota set to reclaim 'top car maker' spot from GM

Toyota Motor is set to overtake General Motors and reclaim "the world's biggest car maker" title for 2012, after a bumper year of sales at home and abroad.

Sony, Panasonic, Sharp among worst-performing firms in 2012

TOKYO: Even James Bond and Spider-Man can't rescue Sony Corp, the beleaguered Japanese electronics maker.

The Silk Railroad of China-Europe Trade

Multinationals operating in China have been setting up factories deep in the interior in search of affordable labor. The drawback: These plants can be more than a thousand kilometers (621 miles) from the coast.

Apple patent case: EU charges Samsung with abuse of sector-essential telecom patent

BRUSSELS: The European Commission charged Samsung Electronics on Friday with abusing its dominant position in seeking to bar rival Apple from using a patent deemed essential to mobile phone use.

ArcelorMittal cuts $4.3bn from value of Europe business

Steel giant ArcelorMittal is to write down the value of its European business by about $4.3bn (£2.6bn) because of the economic downturn on the continent.

Chinese Companies Head For the Exit

HONG KONG–Fed up with slumping share prices, prickly regulators and aggressive short sellers, an increasing number of Chinese companies listed on American stock exchanges are heading for the exits.

Google given EU anti-trust deadline

Google has been given a month to address complaints its search results favour its own services over those of its rivals.

Samsung Drops Action to Block Apple in Europe

PARIS — Samsung said Tuesday that it had dropped its request for a ban on sales of certain Apple phones and tablet computers in Europe, a sharp tactical turn in a patent war that the companies have been fighting on multiple fronts around the world.

RBS still negotiating with FSA over Libor fine

Royal Bank of Scotland is continuing to negotiate with the Financial Services Authority over the scale of its penalty for attempting to rig Libor, amid speculation that Swiss bank UBS is close to agreeing a £1bn fine with global regulators.

Barclays: US $470m energy fine 'unjustified'

Barclays has said US regulators' proposed fines of $470m (£291m) for the bank's alleged manipulation of energy markets are "unjustified" and the allegations will not stand up in court.

Best Buy stock gets slammed by buyout bid delay

Shares of the troubled electronics retailer Best Buy (BBY, Fortune 500) cratered Friday morning, after its board of directors gave founder Richard Schulze more time to shore up financing for his buyout bid.

HMV warns over its future as sales continue to fall

HMV has warned that it faces an uncertain future in the face of continuing falling sales, and says it is in talks with its banks.

HSBC blasted for 'stunning failures over oversight'

The US says "dangerous practices" at HSBC allowed the bank to pass money to "drug kingpins and rogue nations", fining it $1.9bn (£1.2bn). HSBC agreed the fine, the largest of its kind, earlier on Tuesday.

Volvo agrees technology transfer to Chinese parent Geely

BEIJING: Zhejiang Geely Holding Group has signed a deal with Volvo Car, which Geely acquired in 2010, allowing the Chinese auto maker to tap some technologies Volvo plans to phase out over the next couple of years.

Chinese Firm Wins Bid for Auto Battery Maker

DETROIT — Wanxiang Group, a large Chinese auto parts maker, won a high-stakes auction on Sunday for assets of A123 Systems, the bankrupt American battery maker that was a centerpiece of the Obama administration’s loan program for electric vehicles.

Rolls-Royce accused over $20m payment in Indonesia

Rolls-Royce, the British engineering group, has been accused of paying $20m (£12.5m) and a blue Rolls-Royce car to the son of the former president of Indonesia to win a contract to supply engines.

Facebook: Italian police raid HQ in tax crackdown

Social media giant Facebook has seen its Italian headquarters raided by police as part of a growing international crackdown on tax avoidance.

Starbucks Offers to Pay More British Tax Than Required

PARIS — Starbucks offered on Wednesday to pay about £10 million a year in corporate taxes in Britain — or £10 million more than it paid last year — in an effort to defuse protests against its lack of contributions to public coffers at a time when ordinary taxpayers were feeling the effects of government spending cuts.

Analysis: China diners say more than economy hurting Yum's KFC

NEW YORK (Reuters) - A slowdown in China's economy is not the only strain on Kentucky Fried Chicken's business in the country, where competition is getting tougher and customers are getting pickier.

Europe takes on tech giants like Google, Amazon and their tax havens

PARIS: A storm is brewing in Europe as nations try to force Internet powerhouses like Google and Amazon to pay more in taxes.

Yahoo ordered to pay $2.7 billion in bizarre Mexico lawsuit

NEW YORK (CNNMoney) -- It's not often that Mexican yellow pages listings makes the headlines, but Yahoo has been ordered to fork over $2.7 billion in a legal dispute involving them.

Tax: Starbucks in talks with UK's Revenue and Customs

Global coffee chain Starbucks has said it is in talks with HM Revenue and Customs and the Treasury over how much UK tax it pays.

Peugeot and Renault factories in France hit by strikes

PARIS/LILLE: Renault and PSA Peugeot Citroen were both hit by strikes on Thursday as both French car makers eye moves to cut costs and boost productivity amid slumping sales.