While announcing a record high for its profitability for 2019, owner of the Peugeot brand PSA Group warned of dropping sale industry wide in Europe for the current year even as the company is pressing forward with its proposed merger with merger with Fiat Chrysler. The deal will help the company to...

Plant based meat producing startups such as Impossible Foods and Beyond Meat are set to face stiff competition now as the agriculture giant Cargill has just announced its plans of launching a plant-based burger by this spring.   Starting early April, the privately held Minnesota-based...

Net profit of the French automobile concern Groupе PSA attributable to shareholders of the parent company, according to the results of last year, amounted to €3.201 billion, an increase of 13% compared to 2018, the company said in a press release. Diluted earnings per share in the reporting period...

Morgan Stanley’s E*Trade acquisition could mark the biggest one by a major U.S. bank post the financial crisis of 2007-2009. Morgan Stanley has informed that the bank will get “a $375 million breakup fee” in case E*Trade Financial Corp decides to withdraw from the “$13 billion deal for the discount...

One of the world's largest airlines, United Airlines, withdrew its profit forecast for 2020 due to coronavirus. Earlier, the company predicted a 100% decrease in passenger traffic to China and a 75% reduction on trans-Pacific flights, which affects 5% of planned United traffic. If the outbreak of...

Chinese manufacturing units of Apple and the Chinese market has been affected by coronavirus outbreak whereby affecting its Q1 sales target, although analysts remain hopeful for a recovery in the later quarters. In the beginning of this week, Apple Inc has informed that most likely it will miss the...

Unions and regulators alike have shown their concern due to the recent rail deal development between Alstom and Bombardier wherein the former will possesses forty to sixty percent shares in regional train market. On Tuesday, 18 February 2020, the French firm Alstom saw its shares crumbling down...

Elbit in a “$670 million” deal to sell its defense electronics technology. According to Reuters’ reports the Elbit Systems from Israel stated on Tuesday, 18 February 2020, that it has managed to bag a contract worth “$670 million”. The contract has been signed with an Asia-Pacific country wherein...

The legal hurdle to the efforts of the United States based electric car making company Tesla to build an electric-car factory in Germany was overcome by it recently.   A permission to the company to restart cutting down trees at a forest site in the small town of Gruenheide where the company...