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(MENAFN - AFP) Microsoft apps such as Office and Skype will be installed on Lenovo mobile devices powered by Android software under the terms of a collaboration announced late Monday.

The US technology giant and the Chinese computer titan said they were "deepening their strategic relationship" with a move that could add to the ranks of people using Microsoft programs as services ...

 
(MENAFN - AFP) A five-year-old securities fraud case rooted in the financial crisis against the former chief executive of mortgage giant Fannie Mae ended Monday in stalemate, court filings showed.

The US Securities and Exchange Commission and the CEO, Daniel Mudd, decided to resolve the case being tried in civil court with no finding of guilt or innocence.

The two sides ...

 
(MENAFN - AFP) Microsoft announced it has bought a startup to boost its artificial intelligence capabilities, and rival Apple confirmed it has boosted its health focus with an acquisition of its own.

Microsoft did not disclose financial terms of its deal to buy Genee, which specializes in using machine smarts to handle the time-sucking task of scheduling meetings.

"Genee ...

 
(MENAFN - AFP) German Chancellor Angela Merkel gave strong backing Monday to Italian premier Matteo Renzi, suggesting she could be flexible over EU budget rules as Rome grapples to kickstart its stalling economy.

She made the comments at a press conference on the Giuseppe Garibaldi aircraft carrier, after talks with Renzi and French President Francois Hollande.

"Matteo ...

 
(MENAFN - AFP) World oil prices slid Monday, slamming the brakes on last week's rally as events in Nigeria and Iraq pointed to a possible surge in supplies.

in London, trade on Brent North Sea crude for delivery in October slumped $1.72 from Friday to $49.16 a barrel.

In New York trade, US benchmark West Texas Intermediate for September delivery shed $1.47 to $47.05 ...

 
(MENAFN - AFP) Mergers provided the major action on global equities markets on Monday as major indices showed little movement.

Medivation, which makes the hit prostate cancer drug Xtandi, soared 20 percent in New York on the announcement it would be bought by the pharmaceutical giant Pfizer for $14 billion.

The Swiss biotech company Syngenta also added 10 percent after ...

 
(MENAFN - AFP) Paramount's $100 million remake of "Ben-Hur" bombed in its opening weekend at the North American box office, industry data showed Monday, putting it on course to become the summer's biggest flop.

The chariot racing epic brought in just $11.2 million, said box office monitor Exhibitor Relations, making it the highest-profile casualty in a season which has seen ...

 
(MENAFN - AFP) Poland said Monday it would raise spending next year, but still keep its deficit just under an EU-wide limit of 3.0 percent of GDP, while also cutting the growth forecast for central Europe's largest economy.

The finance ministry pegged the 2017 deficit at 2.9 percent of GDP in a Monday statement, or 59.3 billion zloty (137 billion euro, $156 billion).

The ...

 
(MENAFN - AFP) Wall Street traded slightly lower on Monday morning with major drugmakers down following the announcement that Pfizer would buy the cancer drugmaker Medivation for $14 billion.

A half-hour into the morning's trading, the Dow Jones Industrial Average was down 0.3 percent at 18.490.15.

The broader S&P 500 fell 0.3 percent at 2,177.71 and the Nasdaq, ...

 
(MENAFN - AFP) US pharmaceutical giant Pfizer announced Monday that it will acquire Medivation for about $14 billion, besting Sanofi and other large drug companies that had sought the biotech firm's lucrative cancer treatments.

The all-cash deal brings Pfizer the hit medication Xtandi, which generated $2.2 billion in revenues over the last year in treating advanced metastatic ...

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