FRANKFURT - German carmakers BMW , Audi and Mercedes , will pay around 2.5 billion euros ($2.8 billion) to buy Nokia's maps business, beating out high-tech rivals for location services seen as key to the future of self-driving cars.
Recent Technology News
LONDON - A "brain training" iPad game developed in Britain may improve the memory of patients with schizophrenia, helping them in their daily lives at home and at work, researchers said on Monday.
- The No. 2 U.S. wireless carrier AT&T Inc said it will bundle its wireless service with DirecTV's pay-TV offerings after the $48.5 billion deal was approved last month.
JERUSALEM - Israeli software provider Nice Systems is selling its video surveillance technologies unit to private equity firm Battery Ventures for up to $100 million, its second divestment in three months as it focuses more on its analytics business.
VIENNA - The chief executive of BMW hinted in a German paper that there was potential for another of its "i" electric car models.
NEW YORK - Verizon Communications Inc and the unions representing its wireline unit employees on the U.S. East Coast said work will go on and talks continue after their current contract expired.
- Weak auto demand crimps U.S. consumer spending
- Wall St. lower on weak data, slump in oil prices
- U.S. construction spending gain smallest in five months
- After five-week shut down, Greek stocks plummet
- Former trader Hayes jailed for 14 years for Libor rigging
- U.S. factory activity rises slightly in July: Markit
- U.S. July auto sales top expectations, boosted by SUVs, trucks
- Fiat Chrysler recalls 332,000 Dodge Chargers due to air bag issue
- EU regulators suspend review of Halliburton, Baker Hughes
- Goldman raises top end of legal-loss estimate