GE Digital company, a division of US conglomerate General Electric, announced a deal to acquire cloud service provider ServiceMax for $ 915 million. Closing is scheduled in January next year. A division General Electric, GE Digital, intends to purchase a service provider cloud service ServiceMax...

ASUS has released results of III quarter, fiscal year 2016. Revenue of the manufacturer was $ 3.4 billion, an increase over the quarter by 14%, but decrease by 3% for the year. Operating profit for the year slipped by 15% to $ 122.7 million. Net profit in annual and quarterly terms increased by 42%...

Increasing discount and offers entice the consumers with smartphones to dive into the shopping frenzy every year, while increasing competition and rush for the e-commerce players. Alibaba Group Holding Ltd. announced that last week it “racked up” over “$5 billion” in the first transaction hour...

As weak consumer demand and falling prices drive startups to shift their focus to specialized business applications, the fledgling drone industry is in the throes of change.   The consumer business has all but crashed for 3D Robotics - an early drone startup that raised more than$125 million...

As U.S. President-elect Donald Trump’s policies are seen boosting spending and quickening inflation, more than $1 trillion was wiped off the value of bonds around the world this week.   Bank of America Merrill Lynch data show that pushing the week’s total above $1 trillion for only the...

As investors pressured to improve governance, the process of taking a board seat at flagship unit Samsung Electronics was accelerated by Jay Y. Lee, de facto head of South Korea's sprawling Samsung Group.   A controversial merger of two group businesses, Samsung C&T and Cheil Industries,...

The Iranian government has signed main principles of an agreement with French Total, China National Petroleum Corporation (CNPC) and National Iranian Oil Company (NIOC) on early development of the world's largest South Pars gas field. Total with share of 50.1% will become leading member of the...

20,000 customers’ accounts of Britain's biggest retailer Tesco had their money removed after 40,000 customers' accounts were attacked over the weekend.   Adding to growing concerns about the British financial sector's vulnerabilities to cyber attacks, which have jumped in frequency over the...

One of the world's largest sportswear manufacturers, Adidas Group, will reflect costs of 30 million euros ($ 33.4 million) in the report for the second half of the year. The spending is associated with restructuring of troubled brand Reebok, said the German company in a statement. This measure will...