Nokia name to return to mobile phones after licensing deal and other top stories.

• Nokia name to return to mobile phones after licensing deal

  

  HELSINKI The Nokia name will return to the mobile phone market after a company backed by one of its former executives teamed up with manufacturer Foxconn (2354.TW) to buy the rights to the brand for mobile devices.Nokia (NOKIA.HE), once the world's biggest maker of mobile phones, was wrong footed by the rise of smartphones and eclipsed by Apple and Samsung. It sold its entire handset business to Microsoft Corp (MSFT.O) in 2014 and now focuses on telecoms network equipment. But it held on to it..

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• Oil drops on surging dollar, rising US crude stocks, jump in Iran exports

  

  SINGAPORE Oil prices fell on Thursday, pulled down by rising U.S. crude inventories, a stronger dollar and surging output from Iran to Europe and Asia.Brent crude futures LCOc1 were down 80 cents, or 1.6 percent from their last settlement, trading at $48.13 per barrel at 0643 GMT.The benchmark dropped briefly below $48 a barrel earlier in the session.U.S. crude futures CLc1 were down 63 cents, or 1.3 percent, at $47.56 a barrel."The mid-session falls were more of a reaction to the strength of ..

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• Lawmakers slam Frontier for bad phone and Internet service

  

  Frontier Communications said Wednesday that within the next 10 days it should resolve the backlog of phone and Internet service problems that cropped up during the company's tumultuous take-over of Verizon FiOS systems.More than 200 customers in California still are without phone service, Frontier's West region president, Melinda White, told members of the Assembly Committee on Utilities and Commerce in Sacramento. Lawmakers pounded White over her company's problem-plagued rollout in Southern C..

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• Bayer makes takeover approach to Monsanto

  

  Bayer AG has approached Monsanto Co. about a takeover that would fuse two of the world's largest suppliers of crop seeds and pesticides, the companies said. Details of the offer couldn't be learned and it was unclear whether Monsanto would be receptive to it. Should there be a deal, it could be valued at more than $42 billion, which is Monsanto's current market capitalization. Monsanto in a statement confirmed the approach, reported earlier Wednesday by The Wall Street Journal, saying the compa..

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• Asian stocks, gold fall as Fed keeps June hike in play; dollar up

  

  HONG KONG Asian stocks fell and the U.S. dollar stood tall on Thursday as markets scrambled to factor in the possibility of another interest rate increase by the Federal Reserve as early as June. Gold stumbled.Financial spreadbetters predicted Britain's FTSE 100 .FTSE to open down nearly 1 percent, Germany's DAX .GDAXI and France's CAC 40 .FCHI to each pull back 0.6 percent. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 1 percent as the prospect of a second U..

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• Businesses Assess Effects of New Overtime-Pay Rule

  

  Employers preparing for a new federal overtime-pay regulation say the change will lead them to slow hiring, reduce workers’ hours and cut pay, bonuses and benefits. The regulation, finalized Wednesday by the Labor Department, will make 4.2 million employees newly eligible for overtime pay when they work more than 40 hours a week, and will clarify that millions more have already been eligible but haven’t been getting the pay to which...

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• Census shows big US cities continue to grow

  

  Denver saw its population grow by more than 18,500 residents last year. It's now the country's 18th biggest city.(Photo: Laura Bly)All but one of the nation’s 20 largest cities saw their population grow last year, with metropolises like Austin, Denver and Houston among those seeing the most significant growth, according to new U.S. Census Bureau data released Thursday.With the exception of New York City, each of the 15 cities that gained the greatest number of people between 2014 and 2015 were i..

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• American Energy to Shut After Founder Aubrey McClendon's Death

  

  American Energy Partners LP, the firm created by Aubrey McClendon, will shut down following the shale pioneer’s death, the company said in a statement e-mailed by an outside spokeswoman.McClendon, the charismatic founder of Chesapeake Energy Corp., raised $14 billion from Energy & Minerals Group, First Reserve Corp. and others in 2013 to found AEP after he was forced out of Chesapeake. The company acquired drilling rights in the U.S., Australia and Argentina. It then created several limited lia..

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