Billionaire Peter Thiel, who became Facebook's first major investor 15 years ago, continues to reduce his stake in Mark Zuckerberg. In August, he sold Facebook shares for $ 4 million. PayPal co-founder billionaire Peter Thiel has sold another portion of his stake on Facebook, Fortune writes citing...

While warning for what it called illegal gathering and protests outside of its offices, the Hong Kong carrier Cathay Pacific Airways stressed that it had zero tolerance for "violent activities" and it would also not tolerate any of its employees taking part in the protests.   The airlines...

After a long separation, the American tobacco giants Philip Morris and Altria Group pondering a merger. Representatives of companies spoke about a possible reunion. The details of the deal have not been disclosed, but analysts estimate that Philip Morris shareholders will receive approximately 59%...

The company was convicted of the spread of the opioid epidemic in Oklahoma. The Oklahoma court found that Johnson & Johnson was involved in fueling an opioid crisis in the state, fined the company $ 572 million "to address the devastating effects of the epidemic on the state and its residents."...

According to estimates by French insurer AXA, there is a 40 per cent more likelihood of accidents happening for electric luxury cars and sport utility vehicles (SUVs) compared to the conventional SUVs potentially because drivers are still unable to completely adjust to quick the quick acceleration...

Toy maker Hasbro paid $ 4 billion for Canadian Entertainment One, which created the cartoon Peppa Pig. The largest deal in Hasbro’s history will help it more effectively promote its products in the media. American toy maker Hasbro will pay $ 4 billion will buy the Canadian company Entertainment...

Disney to open stores “inside select Target locations”. Walt Disney Co and Target Corp are collaborating to open twenty five Disney stores that will be located “inside select Target locations” across the nation. The stores will be inaugurated on October 4, while there are plans of opening...

After seeing what happened at Cathay Pacific Airways – ostensibly for not toeing the line of Beijing with respect to the protests ongoing in Hong Kong, reports suggest that many Hong Kong firms are choosing to get close to and follow the line being shown by Beijing. It has been months that protests...

The company announced this at a briefing in Beijing, at which it outlined its strategy for the next three years, reports Yicai Global. This is the largest annual investment in China in the history of IKEA, the Beijing Daily notes. The local IKEA division will also recruit over 3,000 new employees...