NEC swings to annual net profit

Japan's NEC cast off two straight years of losses Friday, reporting it had returned to the black after a painful restructuring including layoffs and a business overhaul.

Permira buys Ancestry.com for $1.6 bn

European private equity group Permira will take over the popular Nasdaq-listed genealogy website Ancestry.com for $1.6 billion in cash, Permira announced on Monday.

Mobile pay start-up Square valued at $1 bln: report

A group of investors plan to buy a stake in Square that would value the mobile payment start-up at $1 billion even as it competes with much larger rivals, the Wall Street Journal reported Wednesday.

RIM shareholder calls for separate CEO, chairman

(AP) -- BlackBerry maker Research in Motion Ltd. is already struggling to keep up with rivals such as Apple Inc. Now it faces another challenge: dissident shareholders who are calling for changes in how the company is run.

News Corp. sells Beliefnet to BN Media

News Corp. sold Beliefnet, a multi-faith spirituality website it purchased two-and-a-half years ago, to an investment group on Friday.

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