Richemont plans to combine its online fashion retailer Net-A-Porter with Italian Web-based clothing company Yoox in an all-stock deal that will create an Internet shopping giant with revenue of more than $1.4 billion.
Huawei’s 2014 net profit rose 33% on higher revenue, as the company cited its better management of foreign-exchange risks and borrowing costs.
Tidal, a music-streaming service acquired by Jay Z this month, was relaunched with star-studded fanfare in New York. The service hopes to set itself apart from Spotify with exclusive music and a high-fidelity option.
Dutch electronics group Philips has sold a majority stake in its light-emitting diode components and automotive-lighting activities to a private-equity consortium in a deal that values the business at about $3.3 billion.
Samsung and LG said they would end all pending legal disputes, bringing a measure of peace to two of South Korea’s best-known conglomerates.
The crash of Germanwings Flight 9525 comes at a delicate moment for labor relations at the budget airline’s parent company, Lufthansa.
Alibaba signed a digital music distribution deal in China with BMG, the music division of Germany’s Bertelsmann.
ANA expects revenue from international passengers to soar over the next decade as the Japanese airline looks to profit from a government-fueled tourism boom.
Chinese food company Cofco is on a determined shopping spree. In a few short years, Cofco has spent a couple billion dollars quietly buying up Australian cane fields, French vineyards and soybean pastures in Brazil. Now, Cofco is exploring deals in the U.S.
IBM plans to invest $3 billion over four years on a new business helping customers like the Weather Channel gather and analyze the flood of data from sensor-equipped devices and smartphones.