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China’s Lenovo posts $128 million loss

  Hong Kong / AP Chinese technology giant Lenovo said on Thursday it posted a net loss last year, as its smartphones struggle to keep apace with Apple and Android rivals and as the market for personal computers fizzles. The Beijing-based company, which has traditionally manufactured computers but has been trying to broaden its smartphone business after scooping up Motorola ...

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RIL and BP ready to drop arbitration over gas prices

  Mumbai / Bloomberg Reliance Industries Ltd. and BP Plc are seeking to end their disputes with the Indian government over an offshore natural gas block, one requirement for the companies before they can take advantage of new pricing policies, according to people familiar with the development. The two explorers and a third partner, Canada’s Niko Resources Ltd., are preparing ...

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EDF staff join French strikes as Valls defends labour reform

  Bloomberg Some Electricite de France (EDF) workers joined strikes at oil refineries, cutting power output, as the government vowed not to back down revising a labour law and businesses warned of economic damage if the protests continued. “What are the alternatives – a withdrawal of the text? That’s impossible,” Prime Minister Manuel Valls said on Thursday on RMC radio. ...

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