Microsoft muscles into YouTube territory with new video advertising service

Microsoft is to launch a new video advertising service in Britain as it seeks to grab a share of the market that is dominated by Google’s YouTube.

GM adds 824k small cars to ongoing recall

General Motors is adding 824,000 more cars to an ongoing recall over defective ignition switches that have caused some engines to shut off and to disable airbags.

BlackBerry revenues fall below $1bn but John Chen sees signs of recovery

Struggling smartphone maker BlackBerry saw its quarterly revenues fall below $1bn (£601m) for the first time in seven years in the three months to March, recording its ninth successive quarter of operating losses and ending its fiscal year with net losses of $5.8bn.

Candy Crush maker's shares collapse after IPO

Wall Street proved immune to Candy Crush’s charms Wednesday as shares in King Digital, the company behind the mobile gaming phenomenon, dropped 16% on their debut.

Airbus to supply 70 jets to China, worth more than $10bn

European aviation giant Airbus has signed a deal to supply 70 jets, worth more than $10bn (£6bn), to China's state-owned purchasing agency.

Co-op Bank’s ethical investors fret over another £400m hole

The stricken Co-op Bank has abandoned plans to float this year as it admitted it needs a further £400m just three months after raising £1.5bn to fill the hole in its accounts.

Nu Skin surges despite China's fine

Shares of Nu Skin (NUS) surged nearly 20% Monday after China announced a minimal fine to the skin care sales and marketing company.

Turkish Finance Minister Simsek defends Twitter ban

Turkish Finance Minister Mehmet Simsek has defended his government's ban on Twitter, accusing the website of failing to comply with court orders.

Tesco signs deal to enter India's supermarket sector

Tesco has signed a deal to become the first foreign supermarket to enter India's £330bn ($500bn) retail sector.

Toyota Lifts Lockout at Indian Factories After Wage Dispute

Toyota Motor Corp. (7203), the world’s largest automaker, said it will resume production in India after an impasse with union workers over wages led to a temporary lockout and halt in assembly work.

Russia 'closes Ukrainian Roshen chocolate factory'

Russian authorities have taken over a Ukrainian-owned sweet factory in the southern Russian city of Lipetsk, Ukraine's government says.

China's high wire act on failing companies

China looks ready to let more companies go to the wall as part of its economic reforms, shaking financial markets that are used to the government bailing out firms at the last minute.

Offshore taxes may slow audits for some U.S. multinationals: IRS

WASHINGTON (Reuters) - Multinational businesses that often fight with the U.S. Internal Revenue Service over their worldwide taxes may be dropped from an IRS program meant to smooth corporate audits, a senior IRS official said on Tuesday.

Vodafone to buy Spain's Ono in 7.2bn euro deal

Vodafone has agreed to buy Spanish cable operator Ono for 7.2bn euros ($10bn; £6bn), in deal aimed at expanding its interests in Europe.

GM recall: Report 'links' faulty vehicles to 303 deaths

A report has linked faulty airbags in two of the six models recalled by General Motors to 303 deaths.

US regulator sues 16 banks for alleged Libor rigging

A US regulator has sued 16 banks for allegedly manipulating the London interbank offered rate (Libor).

Britons in the lead with smartphone shopping

Britons are far ahead of their European counterparts when it comes to smartphone usage for online shopping, according to new research.

Panasonic to pay China workers pollution compensation

Japanese electronics firm Panasonic has said it will pay its employees working in China a premium to compensate them for the country's high pollution.

Tesco market share shrinks to lowest level in almost a decade

Tesco's share of the UK grocery market has shrunk to its lowest level in almost a decade as British shoppers defected to German discount chains Aldi and Lidl to save money.

General Motors recall faces US investigation

A US congressional committee has said it is investigating General Motors' recall of nearly 1.6 million vehicles over faulty ignition switches.

Facebook's WhatsApp purchase challenged

Facebook's purchase of mobile messaging service WhatsApp has been opposed by privacy groups.

Boeing freezes pensions for 68,000 employees

US aerospace company Boeing has frozen defined-benefit pensions for 68,000 employees, including management and executives.

Rolls-Royce to buy Daimler stake of power systems unit with cash, borrowing

LONDON (Reuters) - British engineering company Rolls-Royce said on Friday it would fund the purchase of German carmaker Daimler's 50 percent stake of a jointly owned power systems company using cash and some borrowing.

John Lewis overtakes Marks & Spencer as darling of the high street

John Lewis has stolen the UK high street crown from Marks & Spencer after sales in Britain overtook the high street bellwether for the first time.

Glencore Xstrata directors share $500m of dividends in one year

The commodities, mining and trading behemoth Glencore Xstrata has shown what the vast merger that created it does for the bank balances of its billionaire bosses – create ever bigger dividends.

McDonald's says wages could rise

Fast food giant McDonald's has said growing concerns over income inequality may force it to raise its wages. It said the public focus on the issue "may intensify" over the coming months.

Serco reports sharp drop in profits after crisis-hit year

Troubled outsourcing company Serco reported plunging profits for 2013 and expects a further 20% fall this year following a series of scandals that left its reputation in tatters.

Multinationals See Reputations Eroding from Tax Planning

More than three-quarters of multinational CFOs believe that exposure to the public of their corporate tax planning activity has a detrimental impact on a company’s reputation, according to a new survey.

Rolls-Royce Portsmouth naval plant to close

Rolls-Royce is to close its manufacturing plant in Portsmouth.

Cisco cleared in rights case, as tech sector watches

Washington (AFP) - A US court has cleared Cisco Systems over liability for human rights abuses in China, in a case closely watched by the global technology sector and activists.

Qantas meets unions over 5,000 job cuts

Qantas is meeting unions anxious about 5,000 planned job cuts, as rival Virgin posts a half-year loss citing tough conditions across the airline industry.