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America Movil, Telefonica, Oi to bid for Brazil's TIM: report

SAO PAULO (Reuters) - Mexico's America Movil SAB, Spain's Telefonica SA and Brazil's Grupo Oi SA agreed to place a bid for and to break up TIM ParticipaƧƵes SA , Brazil's second-largest wireless carrier, Folha de S. Paulo reported on Friday without saying how it obtained the information.

Siemens seen picking EQT for hearing aids next week

MUNICH/LONDON (Reuters) - Siemens is likely to pick EQT [EQT.UL] next week to buy its hearing aids unit for about 2 billion euros ($2.5 billion), two sources familiar with the matter said.

Tencent teams up with IBM to offer business software over the cloud

BEIJING (Reuters) - Tencent Holdings Ltd said on Friday it would collaborate with International Business Machines Corp (IBM) on a new cloud software business for corporate customers, a marked departure for one of the dominant forces in China's consumer Internet industry.

Panasonic raises profit outlook as restructuring shows results

TOKYO (Reuters) - Panasonic Corp raised its full-year operating profit outlook by 13 percent and returned to a net cash positive position for the first time in five years after a drastic restructuring chopped unprofitable product lines in smartphones, plasma TVs and semiconductor chips.

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