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Asian shares edge higher, yen eases

SYDNEY Asian markets were in a guardedly upbeat mood on Monday, heading into an event-packed week headlined by U.S. inflation data and the first House testimony by the new head of the Federal Reserve.

Recent Business News

Nokia phones look to the future, and to the past

BARCELONA/HELSINKI Seeking to capitalise on their comeback over the past year, the makers of Nokia phones are expanding to include a premium Android smartphone, their first, and a remake of one of its biggest hits of the 1990s, the 8110 "slider" phone.

12:50pm EST

U.S. Supreme Court weighs Microsoft overseas data fight

WASHINGTON A major privacy rights fight between Microsoft Corp and the Justice Department reaches the Supreme Court this week, with the justices considering whether U.S. law allows prosecutors to compel technology companies to hand over data stored overseas.

8:14am EST

With $116 billion cash, Buffett says Berkshire needs 'huge' deals

NEW YORK Warren Buffett on Saturday lamented his inability to find big companies to buy and said his goal is to make "one or more huge acquisitions" of non-insurance businesses to bolster results at his conglomerate Berkshire Hathaway Inc. | Video

10:15am EST

Daimler in $2 billion China investment with BAIC as Geely swoops

BERLIN Daimler and its Chinese partner BAIC plan to invest almost $2 billion in a state-of-the-art factory in China, underlining their relationship as rival Geely makes a surprise swoop on the German carmaker.

11:29am EST

Alibaba turns heads as it joins Games sponsorship waltz

PYEONGCHANG, South Korea The Olympic movement's new Chinese global sponsor, e-commerce group Alibaba, came to the Pyeongchang Winter Games promising to revolutionize the experience for spectators, from buying tickets to souvenirs.

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