American microchip manufacturer Marvell Technology is preparing a deal to buy its competitor Inphi Corp., The Wall Street Journal (WSJ) reports with reference to its own sources. According to the magazine, the parties have already agreed on the terms of the merger and the deal will be officially...

Shell, a major oil company, decided to increase dividends as the company's profit in the third quarter exceeded expectations, CNBC reports. The oil giant reported adjusted profits of $955 million in the third quarter. For the same period last year, it was $4.77 billion. However, compared to the...

Amazon shifted its marketing event whereby increasing the chances of increasing sales given the extra shopping weeks added to the customers’ calender. Keep an eye out for the “latest financial results” of Amazon, while Wall Street waits to find out if the online retailer can maintain the heightened...

Robots that were built hastily helped several lenders cope with the deluge at banks that were overwhelmed with loan requests from businesses struggling with the impact of the coronavirus pandemic.   During the crisis, these bots were among the many quick technology fixes that were used by...

Most Chinese people intend to buy only Chinese brands on Singles' Day, the world's largest sales day held on 11 November. According to AlixPartners, a consulting company that conducts an annual survey of Chinese consumers ahead of the sales season, 66% of the Chinese will buy mainly local brands on...

The struggling British carmaker Aston Martin is set to get a big investment from German luxury car maker Mercedes-Benz against a large stake.   This was confirmed in a statement by the two car makers in which the companies have confirmed that over the next three years, its current stake of...

An evaluation conducted by Consumer Reports, the testing organization of 17 vehicles equipped with active driving assistance systems (ADAS) from General Motors and Tesla found the GM’s Super Cruise to be better than Tesla's Autopilot, the organization said after the evaluations.   The group...

Tiffany and LVMH has had a history of legally suing each other over the takeover deal. Tiffany & Co, the U.S. based jeweller, and LVMH, the France based giant in luxury goods, are conducting talks for settling their “$16 billion takeover” dispute on acquiring the same in “slightly lower” price...

Car markets are emerging from a major slump due to the pandemic, and there is no need for more funding for the auto industry. This opinion was shared by the president of the Volkswagen Company, Herbert Diess, in an interview with the Financial Times. "I assume there is no reason to re-stimulate...