After functioning for 109 years, International Business Machines Corp – better known as IBM across the world, has decided to split up into two separate companies. Analysts say that this is the result of years-long effort of the company, which is credited to be the first big computing firm of the...

Citibank was fined $ 400 million in the US for "several long-standing flaws" in "risk management" and "internal control systems." This is stated in a statement released on October 7 by the Federal Reserve System (Fed) and the Office of Foreign Exchange Control of the US Treasury Department. It is...

Tesla has plans of ramping up its battery production capacity. Tesla Inc is all set to acquire “German ATW Automation”, the latter being an auto industry supplier of “assembling battery modules and packs”, revealed a source with the knowledge of the said transaction.   ATW is a subsidiary...

While announcing its plans for expansion of its retail footprint, Levi Strauss & Co also forecast a lower than expected drop in revenues in the current quarter after it saw a surge in its online which helped the denim maker to report a surprise profit.   The news of the better than...

A report that details strategies and tactics that the four largest United States based tech giants use for gaining a dominant market position in areas of  online search, advertising, social networking shopping and other businesses areas was issued by Democrats from a US House of...

French water company Veolia will acquire a 29.9% stake in Suez Environmental ("Suez") for €3.4 billion, Bloomberg reports. Previously, 32% of Suez shares were owned by Engie, one of the largest energy companies in France. The transaction was announced by the board of directors of Engie on Monday....

US pharmaceutical company Bristol Myers Squibb has agreed to purchase biotechnology company MyoKardia for $13.1 billion, Bristol-Myers reports. Under the terms of the agreement, Bristol Myers Squibb will pay $225 for each share of MyoKardia, the payment will be made in cash. The deal has been...

The ban that has been imposed on Chinese mobile applications TikTok and WeChat by the United States have violated the rules and regulations of the World Trade Organization (WTO), alleged Beijing n a meeting of the global trade regulatory body, said reports quoting a trade official.   In...

After announcing its intention to acquire the British rival Arm for $40 billion a few weeks ago, United States based chipmaker Nvidia has now pledged to build a supercomputer in Cambridge, England for £40 million or $52 million.   The Nvidia founder and Chief Executive Jensen Huang unveiled...