Demanding compensations for the plunge in the share prices due to its emissions test cheating scandal dozens of large shareholders in Volkswagen plan to sue the carmaker in a German court.   A case with a regional court in Brunswick would be lodged this week on behalf of 66 institutional...

WhatsApp messenger, owned by Facebook, abandoned the annual subscription fee of $ 1. The company attributed this to the fact that many users do not have credit cards, and they are afraid of losing access to WhatsApp after a year of free use. WhatsApp will no longer charge their users a subscription...

A month after abandoning a deal with Sweden's Electrolux, General Electric Co agreed to sell its century-old appliance business to China's Qingdao Haier Co Ltd for $5.4 billion in cash.   After months of opposition from U.S. antitrust regulators, the $3.3 billion-proposed deal with...

Even as the money from data center chips was up markedly, Intel reported a slightly higher quarterly earnings compared to the same period last year.   Intel reported that compared to the fourth quarter a year earlier, the company reported a net income in the fourth quarter of 2015 that fell...

JP Morgan Chase said  on Thursday that despite weakness in its global trading business, its revenue and profit were up modestly in the fourth quarter of 2015.   The earnings for the bank, America’s largest, was up 10 percent from the quarter a year earlier, but down from the third...

Bonds of the French automotive group Renault slipped by 22% in the course of trading on the Paris stock exchange, which was the largest collapse of the company’s securities since 1999. Producer associated the collapse with a message about the visit of experts of the Anti-Fraud Department of the...

With few signs of improving demand in a fragile global economy and on apprehensions of Iran unleashing its oil on an oversupplied market, oil prices steadied on Thursday, but remained near 12-year lows.   By mid day trading in the US, Brent crude, the global benchmark, traded at $30.53 a...

Up till now the car market has operated on the principle that bigger is better. However the rapidly evolving technology is upending the traditional pecking order in the luxury car market.   At present a host of car makers are quietly changing the rules.   There will be better computer...

Following an unexpected draw in weekly U.S. crude oil inventories and positive Chinese trade data gave investors reasons to buy crude futures, oil prices saw a rise for the first time in eight sessions on Wednesday.   At $31.76 a barrel, Brent crude, the global benchmark, was up 90 cents,...