IBT Staff Reporter

Toshiba Corp. said on Friday it would buy certain chip-related patents from Micron Technology Inc. and secure licences for all the patents held by Micron unit Lexar Media Inc. for $288 million, ending lawsuits between the Japanese electronics maker and Lexar.

Taiwan online music file-sharing network Kuro has agreed to shut down its file swapping service and pay undisclosed damages to settle a recording industry lawsuit, the industry group behind the row said.

Oil hovered around $63 a barrel on Friday, near its lowest levels since March, as ample U.S. fuel stocks looked set to meet winter heating demand in the world's biggest consumer.

Microsoft Corp. unveiled on Thursday its new Zune portable media player, hoping its ability to share music wirelessly can win over consumers despite its late entry five years after Apple's market-dominating iPod.

GlaxoSmithKline Plc, the world's leading maker of HIV/AIDS treatments, has struck a deal to supply cut price AIDS drugs to Russia

Doughty Hanson & Co are planning to list Doughty Hanson & Co Investments LP Inc. as a vehicle on the Euronext Amsterdam stock exchange.

Rolls Royce today confirmed that it had made a deal worth potentially over $500 million with Hainan Airlines Group Company Ltd.

Italian broadband company Fastweb and the Italian unit of mobile phone giant Vodafone on Friday will announce a commercial agreement

German drugmaker Schering has entered into a deal with AstraZeneca to jointly develop a new breast cancer drug

China and its official Xinhua news agency defended new rules controlling foreign news organisations on Thursday, saying they are not aimed at commercial gain and will not give the agency unfair dominance.

Adobe posted earnings on Thursday, detailing higher revenue, but saw profits fall over 30 percent.

Alien Technology Corp., maker of radio frequency identification (RFID) circuits, said on Thursday that its current CEO will step down to assume the new position as Executive Advisor.

The online arm of Time Warner introduced a new service on Thursday allowing users to create a fully customizable email address, including the domain name.

Intel Corporation and Siemens Communications announced on Wednesday a collaboration to bring second generation voice-over-internet-protocol (VOIP) technologies in a jointly funded project.

Microsoft unveiled the first official details about its new Zune media player on Thursday, touting the device as a connected multi-media device.

John Liang Plc today announced that it had received a non binding proposal, and was now in takeover talks

This week seven leading mobile operators have united to create a new organization, known as the Next Generation Mobile Networks (NGMN) initiative

According to data released on Thursday, information technology companies are projected to have increased their marketing budgets at the highest increase rates in five years.

Several of the world's top drugmakers may weigh acquiring Bristol Myers Squibb Co. after it fired its chief executive, although suitors seem unlikely to bid before next summer, analysts said.

It was announced today that local authorities will receive greater rewards for promoting local business growth.

General Electric Co. said on Thursday that it had agreed to sell its advanced materials business, which includes silicones and quartz, to private equity firm Apollo Management L.P. for about $3.8 billion in cash and securities.

Ford Motor Co. could post a pretax loss of $8 billion to $9 billion this year because of losses at its automotive operations and charges for restructuring, the Detroit News reported on Thursday, citing unnamed Ford sources.

Ford Motor Co's strategic overhaul will not lead to a big revamp in its profitable European operations, Ford of Europe President and Chief Executive John Fleming said on Thursday.

Microsoft said on Thursday it was on track to launch its Windows Vista operating system in Europe in January

First time homebuyers are stretching their finances more than ever before to get a foot on the property ladder, a survey shows.

Investors who earned big returns in the wake of Hurricane Katrina may want to reassess their storm-related plays now that new contracts for repair work on the U.S. Gulf Coast have slowed.

South Africa's largest insurer, Old Mutual, met forecasts with a 36 percent increase in first half profit

Oil rebounded above $64 a barrel on Thursday as bargain hunting buyers stepped in after a month long rout and a renewed U.S. push for immediate sanctions against Iran

GUS, set to split into two FTSE 100 companies next month, reported a slight slowdown in growth at its credit information business