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China's Alibaba signs digital distribution deal with music rights group BMG

BEIJING - Germany's BMG music rights company said on Monday it had signed a music digital distribution deal with China's Alibaba Group Holding Ltd , as the world's largest e-commerce firm firms up its bid to become a digital media empire.

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German firms embrace start-ups to catch up with digital world

DUESSELDORF, Germany - Latecomers to the digital age, big German companies have started teaming up with start-ups to shake up their conservative business culture and keep pace with a world increasingly dominated by nimble tech giants.

8:16am EDT

Jack Lew to discuss China technology policy, urges market reforms

BEIJING - Treasury Secretary Jack Lew said on Monday he would discuss with the Chinese government recent technology policy moves that Washington has complained constitute unfair regulatory pressure on foreign firms.

Politics, 5:53am EDT

Amazon.com expands into professional services with home marketplace

CHICAGO - Amazon.com Inc is launching a home services marketplace that will connect customers with electricians, plumbers and painters in a move to have its services tied to every product sold on its website.

8:11am EDT

Amaya to sell Cadillac Jack subsidiary to Apollo for $375 million

TORONTO - Amaya Gaming Group Inc said on Monday it has agreed to sell its Cadillac Jack subsidiary that makes slot machines and electronic bingo games for casinos to an affiliate of private equity firm Apollo Global Management for C$476 million ($375 million).

2:00pm EDT

China suspends bank tech restrictions: U.S. Treasury official

BEIJING - China has agreed to delay implementing new bank technology restrictions that Washington has complained represent unfair regulatory pressure on foreign firms, a senior U.S. Treasury official said in Beijing on Monday.

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