COMPANIES

Alibaba raising funds for the buyback through a stake sale to China Investment Corp.

IronMonkey Studios presents Mass Effect: Infiltrator to Android Devices through Google Play, following its release to iOS platform.

BioWare has set tougher goals in the forthcoming Multiplayer Challenge - Operation Shieldwall - as the player's community failed to complete the previous weekend challenge - Operation Silencer.

Prada unaffected by eurozone crisis or Chinese slowdown.

The world’s largest manufacturer of PCs, Hewlett Packard, is feeling the heat of the global recession as it announced its intention to axe 27,000 jobs worldwide - about 8% of its total workforce - within two and a half years.

Company plans to complete layoffs within two years, mainly through early retirement to minimise number of redundancies.

The British defence group signs bumper deal with Saudi Arabia, which includes jets and related support and services

Burberry reported full-year profits of £366m - a 24 percent rise - but said a new investment of around £200m could hit future profitability.

It was the most hotly anticipated stock debut in years, raising $16bn, and valuing the social networking sensation, Facebook at $104bn. But now - just days after the fanfare - it’s in another media storm.

We all spent much less last month and it’s a record drop. According to figures released by the Office of National Statistics today, retail sales volumes fell by 2.3% last month, all because of a sizeable fall in petrol sales.

A new chapter in spaceflight was opened today as Spacex became the first private firm to launch a vessel to the International Space Station.

The number of Royal Dutch Shell shareholders opposing company executive pay rises increases.

UK firms pay a price with older workers who are forced to work as their savings and pensions dwindle in value.

Biggest UK clothing retailer says Britons "more squeezed" than before as recession bites into bottom line

Investment bank’s total losses for its London operations reported to be are more than double original estimates. JP Morgan also confirm suspension of share repurchases.

UK's Financial Services Authority fines Sachin Karpe and Laila Karan for unauthorised trading scheme in the foreign exchange markets.

Google’s planned £7.9bn takeover of Motorola Mobility has been approved by Chinese authorities, granting the internet giant access to Motorola’s 17,000 patents.

Media sources say that motor racing giant Formula One has gained approval for an initial public offering worth nearly $3bn on Singapore's stock exchange

Budget airline Ryanair warns of a future decline in profits on higher fuel costs, despite beating forecasts with a 2012 profit surge.

Following BioWare's announcement of plans to address gamer concerns over Mass Effect 3's (ME3) ending, gamers have been anxiously waiting to get their hands on the 'Extended Cut' DLC.

Sony Pictures is reportedly in confrontation with cinemas over the issue of who would bear the cost of 3D glasses of the movie, "Men In Black III."

Northrop Grumman signs Memorandums of Agreement with two Itajubá-based companies.

Facebook have begun trading shares on the Nasdaq Stock Market today, priced at $38 which makes the eight year old company, worth a staggering $104 billion.

Facebook's founders, early executives and investors would be seeing their fortune soaring to new heights after the IPO.

Treasury committed itself before looking in detail at the possible consequences for the taxpayer, says NAO.

Facebook shares priced at $38 (£24) each to start trading at Nasdaq, making it the biggest IPO in terms market capitalisation in US history.

Mass Effect 3's (ME3) upcoming multiplayer DLC - 'Rebellion' - details have been reportedly leaked by Sony Hong Kong's official site.

Award, given by European Institute for Creative Strategies and Innovation, honours companies or organisations whose innovative ideas and products help advance society.

A vote in favour of a new pay and conditions deal has paved the way for investment at Vauxhall’s leading car plant in Ellesmere Port.