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Exclusive: Microsoft CEO Nadella to visit China amid antitrust probe - source

BEIJING - Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said on Thursday, as the Chinese government conducts an antitrust investigation into the world's largest software company.

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Groupon sales reps can't pursue overtime pay class action

- A Chicago federal judge on Wednesday said Groupon Inc sales representatives cannot pursue a class-action lawsuit over the Internet commerce company's failure to pay for overtime before and after its 2011 initial public offering.

Two Chinese firms among potential bidders for STATS ChipPac

SINGAPORE - Two Chinese firms are among companies which have approached STATS ChipPAC Ltd about acquiring it, the Singapore provider of technology services said on Thursday.

Deals, Media 9:15pm EDT

JPMorgan attacked by Russian computer hackers: report

- JPMorgan Chase & Co and at least one other bank were attacked by Russian hackers in mid-August and the FBI is investigating whether the assault was in retaliation for U.S.-government sponsored sanctions against the country, according to a report by Bloomberg News citing two unnamed sources.

4:12pm EDT

Brazil telecom battle heats up as Oi tries to buy, split TIM

RIO DE JANEIRO/PARIS - Brazil’s Grupo Oi SA unveiled plans on Wednesday to take over Telecom Italia's local mobile unit, in a move sources said was aimed at breaking up the country’s second-biggest wireless carrier and upstaging merger bids by foreign rivals.

Deals, Brazil, Italy, Media 6:59pm EDT

Time Warner Cable suffers major outage; New York launches probe

BOSTON/WASHINGTON - Time Warner Cable Inc, the No. 2 U.S. cable operator, suffered a massive network outage on Wednesday due to suspected human error that cut Internet services to some 11 million businesses and residences, prompting a New York state investigation.

Media 6:59pm EDT

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