Google and Apple Adjust Strategies on Mobile Payments

The battle for mobile software dominance revolves around two companies: Apple and Google. Now both giants are also going head-to-head in mobile payments, as they prepare to push deeper into digital wallets.

Cisco Loses Supreme Court Patent Case: Intellectual Property

The U.S. Supreme Court sided with Commil USA LLC in its claim that Cisco Systems Inc. infringed its patent for wireless transmission technology and induced others to do the same by selling the equipment at issue.

Tobacco firms challenge plain packaging law

Two of the world's biggest tobacco companies have challenged the legality of the UK government's plain packaging regulations.

BlackBerry Plans Share Buyback to Offset Employee Incentives

BlackBerry Ltd. plans to buy back and cancel as many as 12 million shares, or 2.6 percent of its public float, to offset a new employee share purchase plan.

Nationwide's profits rise 54% to £1bn

Nationwide building society has reported a 54% rise in annual pre-tax profit to £1.04bn as it regained its position as the UK's second largest mortgage lender.

McDonald's shuts down restaurant amid protest over low wages

OAK BROOK, Ill. (AP) -- McDonald's shut down a restaurant near its headquarters Wednesday after the area was swamped by hundreds of protesters calling for pay of $15 an hour and a union.

Record fines for currency market fix

Five of the world's largest banks are to pay fines totalling $5.7bn (£3.6bn) for charges including manipulating the foreign exchange market.

Asda gloomy about 'challenging' 2015

Supermarket chain Asda says that 2015 could be the most "challenging year yet" for the big supermarkets. Asda's year has already got off to a weak start with a 3.9% fall in like-for-like sales in the first quarter.

JCB boss backs Britain leaving EU

The chairman of construction equipment firm JCB has said he is in favour of Britain leaving the European Union. "We are the fifth or sixth largest economy in the world.

Buffett Increases Wells Fargo, U.S. Bancorp, IBM Holdings

Berkshire Hathaway Inc. increased its holdings in some of billionaire Chairman Warren Buffett’s favorite companies in the first quarter, including Wells Fargo & Co. and International Business Machines Corp.

Toshiba sets up new panel to expand accounting probe

Toshiba Corp (6502.T) has set up a committee headed by a former prosecutor to broaden a probe of accounting irregularities that overstated operating profits by at least $420 million in recent years.

The Dilemma of Digital Free Trade

A lot of international trade takes place over the Internet, where digital goods and services are bought and sold across national borders.But international trade policy is still catching up.

Honda Recalls Nearly 5 Million Vehicles With Takata Airbags

TOKYO — Honda on Thursday recalled 4.9 million vehicles equipped with airbags made by the Japanese supplier Takata, a day after Toyota and Nissan announced similarly vast recalls.

Cisco CEO: It's 'garbage' to think Facebook's and VMware's network projects will hurt Cisco

Flying high after reporting a better-than-expected quarter, Cisco's outgoing CEO John Chambers had some strong words for the upstarts hoping to take on his company.

Chinese Smartphone Makers Try to Make Inroads in India

HONG KONG — The most important market for Chinese smartphone makers may no longer be China. For years, hundreds of millions of Chinese have purchased new smartphones.

T Rowe's challenge to Dell deal may fuel critics of 'appraisal'

An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker.

Toyota posts 19% rise in full year net profits

Japan's biggest car manufacturer, Toyota, has posted a year-on-year 19% rise in net income for the 12 months to March, beating expectations.

Money Shop set to overhaul price of its loans after payday crackdown

The Money Shop is preparing to lower the cost of short-term loans for some customers and reintroduce a pre-paid credit card in a bid to shore up its reputation after the crackdown on payday lenders.

Toyota, Mazda in talks on expanding partnership: sources

Toyota Motor Corp (7203.T) and Mazda Motor Corp (7261.T) are in talks to expand their technology partnership to fuel-cell vehicles (FCVs), sources said on Saturday, as global automakers face rising costs to comply with stricter emission regulations.

German industrial giant Siemens to cut 4,500 jobs

German industrial giant Siemens plans to cut 4,500 jobs, or about 1% of its total global workforce, months after it announced plans to slash more than 7,000 jobs.