Reporting: business

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.

Uber launching bike courier service in Manhattan tomorrow


The taxi company Uber will synch a courier service in Manhattan tomorrow called Uber Rush.

World stocks slip from six-year high; euro yields fall


World stocks slipped from last week’s six-year high on Monday on concerns about technology shares, while speculation the ECB will ease policy further pushed down European bond yields.

Amazon launches Amazon Dash for delivery of groceries, household items


Amazon released on Friday their groceries and household items delivery service, where users can add them to their shopping lists using the company’s AmazonFresh service.