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Euro data hits stocks, China reading soothes commodities

LONDON - More downbeat data from Europe left shares on course for a third day of losses on Tuesday, though commodities got a break from recent selling after a reading on China's massive factory sector outpaced the market's bleak expectations.

Recent Business News

China September factory activity edges up but employment shrinks

BEIJING - China's manufacturing sector unexpectedly picked up some momentum in September even as factory employment slumped to a 5-1/2-year low, a potential source of worry for Communist leaders who prize social stability above all else.

3:53am EDT

Alibaba's Jack Ma rises to top of China rich list as tech tycoons gain

BEIJING - Jack Ma, executive chairman of Alibaba Group Holding Ltd , has become China's richest man with a fortune estimated at $25 billion, underscoring the ascension of tech tycoons over real estate peers in the world's second biggest economy.

Tech, China 3:49am EDT

Philips to split off lighting business, form separate company

AMSTERDAM - Philips said on Tuesday it would break its 120-year-old company in two, creating a stand-alone lighting business and merge consumer and healthcare divisions into a 15-billion euro business.

3:02am EDT

M&S frees Alan Stewart to take up Tesco CFO role early

LONDON - British retailer Marks & Spencer has allowed Alan Stewart, its departing chief finance officer, to join troubled rival Tesco in the same role two months early following an appeal from Tesco's new chief executive Dave Lewis.

2:58am EDT

Apple sells more than 10 million new iPhones in first three days

- Apple Inc said it sold more than 10 million iPhones in the first weekend after its new models went on sale on Friday, underscoring strong demand for phones with larger displays. | Video

Tech, Media 22 Sep 2014

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