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An Alcatel-Lucent China executive who accused his bosses of graft is found dead

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3 mins ago

Standard Chartered’s profit falls 25%.

  The British-based Asia-focused bank said it will cut $1.8 billion in costs over the next two years after reporting an underlying pretax profit of $5.2 billion for 2014, from $7 billion a year earlier. A 32% rise in bad loans hindered the bank, which last week replaced its CEO and many other top executives.
6 hours ago

Apple tops Samsung in global smartphone sales.

  Research group Gartner said the launch of the super-sized iPhone 6 and 6 Plus gave Apple a 20.4% market share in the fourth quarter, ahead of Samsung’s 19.9%. The South Korean electronics giant, which had held the smartphone crown since 2011, recently announced two new flagship phones that could help it retake the lead.
4 mins ago

Toyota diversifies at the top.

  The world’s biggest auto maker by sales promoted three Western executives, a notable move for a company with only seven non-Japanese managers in its top 57 positions. Didier Leroy, Toyota’s European chief, will become one of six executive vice presidents, and the first foreigner to hold such a role.
6 hours ago

Edward Snowden is trying to come home.

  The NSA leaker is working with US and German lawyers to find a way to return to the United States, according to his Russian lawyer. Snowden, who has said in the past he is willing to leave Russia if can be assured a fair trial, faces three felony charges for releasing classified information about US surveillance programs.
5 hours ago

David Petraeus admits to giving secrets to his mistress.

  The former CIA director and top US commander in Iraq and Afghanistan will plead guilty to misdemeanor charges of mishandling classified information, after giving his mistress and biographer, Paula Broadwell, sensitive notebooks and then lying about it. Petraeus, currently working for private-equity firm Kohlberg Kravis Roberts, will most likely pay a $40,000 fine and receive two years probation.
6 hours ago
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