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...

Starting next year, advanced screens for iPhones from top Chinese display maker BOE Technology Group could be installed. The iPhone maker Apple is reported to be in the final stages of certifying the fixture. Analysts see this move as a measure by Apple to bring down costs and reduce its reliance...

Chinese e-commerce giant Alibaba Group Holding Ltd postponed the placement in Hong Kong amid growing political unrest in the Asian financial center, Reuters reports citing two sources familiar with the situation. Although a new listing deadline has not been formally set, Alibaba may hold the...