Microsoft names Amy Hood as its new chief financial officer, the first woman to hold the post at the technology giant.

Electric car maker Tesla Motors drives into profit for the first time in its 10-year history, reporting a profit of $15m (£9.65m).

Two North American companies, Talisman Energy and Marathon, have quit fracking for shale gas in Poland, after disappointing drilling results.

The former boss of scandal-hit Enron, Jeffrey Skilling, is set to have up to 10 years taken off his prison sentence.

The Dutch government is investigating a shortage of certain brands of baby formula, as well as potentially illegal exports to China.

South Korea's central bank cuts its key interest rate in a surprise move aimed at boosting growth and countering a weak Japanese yen.

Supermarket chain Morrisons says underlying sales have dipped in the past three months, but believes it has made a "solid start" to the year.

Electronics giant Sony reports an annual profit for the first time in five years, boosted by a weakening yen and asset sales.