Chancellor Angela Merkel is turning Europe’s sovereign-debt crisis into an opportunity to reshape the euro region in Germany’s image.

News Corp. , which paid $580 million for MySpace in 2005, may end up selling the social network for $50 million to $200 million, said the chief executive officer of a potential acquirer.

Rogers Communications Inc. and BCE Inc., Canada’s largest phone companies, climbed after a Canadian court overruled the government’s 2009 decision to grant rival Globalive Communications Corp. a wireless license.

The dollar advanced for a third day against the euro and yen in the longest stretch of gains in four weeks after the U.S. jobless rate fell to the lowest level since April 2009 even as winter storms limited gains in payrolls.

Tencent Holdings Ltd. , China’s biggest Internet company by market value, is near a deal to acquire Riot Games Inc. for more than $350 million, said a person with knowledge of the negotiations.

The U.S. jobless rate unexpectedly fell in January to the lowest level in 21 months, while payroll growth was depressed by winter storms.

The Obama administration is increasingly counting on the Egyptian military to contain violence in the country and help accelerate President Hosni Mubarak ’s departure, as the U.S. braces for growing protests.

New York Mets president Saul Katz ignored warnings from Merrill Lynch & Co. about investing with Ponzi schemer Bernard Madoff , according to the trustee overseeing the Madoff bankruptcy.

The U.S. Department of Energy awarded about $27 million to nine companies developing technology aimed at making solar energy more affordable.

Bionor Pharma ASA is proceeding with development of its experimental HIV vaccine even after it failed to keep patients off antiviral drugs in an early trial.

The Republican majority in the U.S. House of Representatives is promising to cut $100 billion from domestic spending this year. The Tea Party caucus’s response? I’ll see your $100 billion and raise you $2.4 trillion over 10 years.

French billionaire Francois Pinault has sold his 40 percent stake in the Piasa auction house to a group of 14 private investors, daily Les Echos reported, without citing anyone.

England got two tries from Chris Ashton and held on to defeat Wales 26-19 in Cardiff to start the Six Nations rugby tournament.

Egyptian protesters vowed to remain in Cairo’s Tahrir Square after observing evening prayers on what demonstrators had called the “day of departure” for President Hosni Mubarak .