The Bank of London & The Middle East Plc, the largest Islamic bank in Europe, said it plans to list on the Nasdaq Dubai stock exchange in October, becoming the first company to join the bourse in more than four years.
Microsoft Corp. Chief Executive Officer Steve Ballmer, who has struggled to adapt the world’s largest software maker to the shift away from personal computers and toward mobile devices, will retire after more than a decade at the helm.
Governor Rick Perry named 13 people to the advisory committee of the Texas Emerging Technology Fund, including an executive of Energy Future Holdings Corp., a Dallas utility that lost $705 million in the second quarter.
JDA Software Group Inc., the maker of business-management programs for retailers, jumped the most in Nasdaq trading since its initial public offering after second-quarter revenue beat analysts’ estimates.
Microsoft Corp. Chief Executive Officer Steve Ballmer unveiled his biggest reorganization since 2002 to speed development of hardware and services at a company plagued by anemic growth and competition in mobile computing.