Yahoo! disappointed investors once again. The company lost $ 536 million in the first six months of 2016 against a profit of $ 2.984 million for the same period a year ago. Revenue for the quarter was $ 1.31 billion, which is 5% higher than the same period last year ($ 1.24 bln.). However, after...

The shares of Microsoft’s up more than 4 percent in after-hours trading, the company’s quarterly revenue was lifted above Wall Street's expectations buoyed by sharp growth in its commercial cloud computing business.   One of the priorities for Chief Executive Satya Nadella, who took the helm...

For allegedly taking part in a 14-year cartel, a record 2.9 billion euros ($3.2 bln) were fined by EU antitrust regulators on Daimler, Paccar and two other truckmakers.   The companies coordinated on the timing of introducing new emission technologies in 1997 and fixed prices and on passing...

Samsung Electronics is in talks on buying a stake in Chinese manufacturer of electric cars BYD Co. The transaction’s amount has not been disclosed yet. This step is intended to strengthen production for semiconductors for cars. South Korean electronics manufacturer Samsung Electronics Co. is going...

While trying to overcome hurdles to deals worth some $50 billion with Airbus and Boeing, Iranian officials and Western industry sources  were quoted in the media saying that Iran has expanded its search for aircraft and is looking to order dozens more jets.   Preliminary discussions...

According to new figures that show a sustained increase in the value of advertising aimed at wooing potential gamblers, betting firms have spent nearly half a billion pounds on TV adverts since 2012 in the UK.   According to the figures compiled for the Guardian by media analysts Nielsen,...

Pokémon Go won hearts of a little less than 21 million users in the US. Thus, the game beat Candy Crash Saga’s figure of 20 million and became the most popular game in the United States’ history. According to SurveyMonkey analytical site, Pokémon Go has become the most popular mobile game in US...

A takeover offer of stakes comes with a limited life span. The “Midea Group Co Ltd” of China reported that on Thursday at “1600 GMT”, its takeover proposal of “Germany's Kuka” for “4.5 billion euro” has received “acceptances”, whereby Kuka’s “holding” in the robotics firm will also get boost of...

The lawsuit filed against the company can be a pressure point. Facebook Inc is being examined by the “Internal Revenue Service” of the United States which is probing into Facebook’s “transfer of various rights” to a “holding company in Ireland” from company’s “worldwide business”. The said...