The media business of Verizon Communications Inc will be sold off by the company. These businesses include those of the iconic brands Yahoo and AOL. The company expects to generate $5 billion from those deals. This move will bring an end to the expensive and unsuccessful foray of the company in the...

A $130 million funding round in a solid-state battery startup, Solid Power, is being led by Ford Motor Co and BMW AG, the companies said in Monday. Car maker all over the world are trying to push down the costs of electric vehicles through investments in development of affordable but powerful...

Net profit of pharmaceutical company Pfizer Inc. attributable to shareholders in the first quarter of 2021 rose almost 1.5 times to $4.877 billion, according to the financial statements of the US corporation. Diluted earnings per share for January-March were $0.86 compared to $0.6 a year earlier....

Jewellery house Pandora, which produces the largest amount of jewellery in the world, will no longer use natural diamonds. The brand is abandoning another natural material for ethical reasons, AlJazeera reported on May 4. The maker of affordable jewellery will now produce diamonds in laboratories,...

Insurance company Euler Hermes predicts an imminent consumer boom in Europe. According to the authors of the report, the consumer boom will happen because of the excess savings, which households in the euro area have been able to accumulate during the pandemic COVID-19. This, in turn, will lead to...

US diversified technology group General Electric Co. (GE) has reduced its stake in US oilfield services company Baker Hughes. The company sold shares for nearly $1 billion, according to the US Securities and Exchange Commission (SEC). The report said GE's stake in Baker Hughes was 25.7% as of 29...

Discouraging revenue guidance for the second quarter forecast by the social media company Twitter resulted in its shares dropping by 11 per cent in post-market trading. The company also issued a warning for increasing rising costs and expenses while also forecasting a possible slowdown in growth of...

The largest e-commerce company of the world Amazon.com Inc, which immensely benefited from the online shopping spree during the pandemic, said that it believes that the consumers who had started to purchase online will not likely shift to buying from physical stores even as the company reported...

Chinese authorities have demanded that the country's 13 IT corporations make changes to their financial services business, The Wall Street Journal reports. Watchdogs have deemed their services risky and in violation of the country's antitrust laws. China's central bank, along with the country's...