Reporting: business

Euro zone bonds reverse as inflation rises, takes heat off ECB


Euro zone bond yields reversed earlier gains on Wednesday after euro zone inflation cooled expectations that the ECB would need to immediately loosen monetary policy to support the bloc’s fledgling growth.

Shoe Zone to float on stock exchange


Discount footwear chain Shoe Zone announces plans to float on the London Stock Exchange, in a move expected to raise up to £50m.

Chinese factories stalling as euro zone business picks up


Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday.

Nokia says its sale to Microsoft will close on April 25th


Nokia expects Microsoft to finally take control of its devices division on April 25th, the company announced today. In the $7.2 billion deal Nokia will sell “substantially all of its Devices and Services business to Microsoft.”

Golden parachute for fired Yahoo executive may be record breaker


Henrique de Castro is leaving Yahoo with an severance package estimated to be more than $60 million, one of the largest golden parachutes ever given to an executive who was fired.

Zebra Tech to buy Motorola's enterprise business for $3.45 billion


Zebra Technologies Corp, a barcode printer maker, said it would buy Motorola Solutions Inc’s enterprise business for $3.45 billion in cash.

Stocks face earnings blues after tech selloff


The wrenching selloff in U.S. high-growth technology and biotech shares could leave investors braced for more than a minor pullback when earnings pick up speed next week.

Brazilian tycoon Batista faces insider trading probes


Eike Batista, who was Brazil’s richest man for most of the past decade, is under investigation for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuilding firms.