The life and retirement business of the insurer  American International Group Inc (AIG) will be separated from the rest of the company, the board of the company decided on Monday while also naming the company’s President Peter Zaffino as the new chief executive officer, effective next year....

An approach to purchase Australian peer Coca-Cola Amatil Ltd has been made by the Coca-Cola Co’s European bottler in a proposed deal worth A$9.28 billion ($6.6 billion).   This cut-price buyout proposal has also been supported by the target firm because of the overall economic uncertainty...

The antitrust regulators of the European Union are set to grant approval of the merger of car makers Fiat Chrysler and PSA in a deal worth $38 billion which will create the fourth largest car making company of the world, according to reports quoting sources with knowledge of the matter. ...

The Italian government vetoed a planned deal to supply Huawei telecommunications equipment to the Fastweb telecom operator. This is reported by Reuters, citing industry sources. According to the newspaper, the deal was about the supply of telecommunications equipment, which was to be used to create...

Shares of the so-called US dividend aristocrats remain in decline after the crisis, while the broad market grew by more than 7%. The gap is close to that which Wall Street has not seen since 2007. Despite record low interest rates, investors have been slow to invest in companies that generously...

An upbeat German auto major Daimler raised its forecast for profits for 2020 after the company reported a 24 per cent spike in demand and sale for its Mercedes-Benz cars in the Chinese market which boosted the company’s margins for the third quarter.   However it also warned that forecasting...

A summon by a parliamentary panel in Indi that is currently reviewing privacy bill of the country was turned down by representatives of Amazon.com Inc in India.   This was said by a Indian lawmaker said on Friday.   The United States based e-commerce giant however said that this was a...

With consumers choosing to purchase cheaper laptops while spending on data center usage was cut down upon by pandemic hit businesses and governments, United States based chip maker Intel reported a fall in its profit margins in the latest completed quarter.   Despite being the dominant...

During the IPO, American antivirus software developer McAfee raised $720 million by selling 37 million shares at $20 (the price corridor was set at $19-21). The total value of the company is thus estimated at $8.6 billion. McAfee shares will start trading on NASDAQ on Thursday under the ticker...