Apple Inc. has reported for the first quarter of its fiscal year and also presented outlook for the second quarter. Both reporting and forecast showed disappointing: the company recorded the lowest growth rate in the first quarter. As for the second quarter, the management even warns of probably...

In an exclusive report, the Alipay data reveals the spending habits of Chinese consumers for the year of 2015. Shangai’s people were most active as Chinese “online spenders” in the year of 2015. The “largest online payment platform” named Alipay released a review of the last year’s “spending...

As part of the sweeping changes that the company has been promising shareholders as it fends off activist investor Carl Icahn, American International Group Inc (AIG) said it would spin off its mortgage insurance unit and sell its broker-dealer network.   It would cut $1.6 billion of costs...

For the IV quarter of 2015, The American companies 3M and Procter & Gamble received a profit above market expectations. Johnson & Johnson reported an increase in profits as well, while DuPont, in contrast, recorded a loss. Procter & Gamble American Procter & Gamble Co. (P&G),...

A blockchain startup Digital Asset Holdings headed by the former executive director of JPMorgan Chase Blythe Masters has announced closing of the financing round, in which it raised $ 52 million investment. As reported by Bloomberg, the company’s financing was attended by 13 major banks and...

Thomson Reuters data shows that the weakest quarterly revenue growth on record ever is expected to be posted by Chinese e-commerce giant Alibaba Group Holding Ltd. this, experts believe would heat up the battle with smaller rival JD.com Inc in a tougher economy.    According to a...

Prompting criticism from opposition MPs and campaigners who say the "derisory" figure smacks of a "sweetheart deal", Google has agreed to pay 130 million pounds ($264 million) in back taxes to Britain.   After a Reuters investigation showed the firm employed hundreds of sales people in...

In a move that would come as the U.S. insurer fends off activist investor Carl Icahn, American International Group Inc has decided to pursue a spin-off of its mortgage insurance business, reported Reuters citing people familiar with the matter.    Icahn, who is calling for AIG to break...

114 aircrafts would be bought by Tran from European plane maker Airbus in a contract that is expected to be signed during the visit of President Hassan Rouhani to Paris this week.   This would be the for the first commercial deal that Iran would strike with the Western nations after the...