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,...

In a step that sent its shares up 4.6 percent in premarket trading, General Motors Co said on Wednesday it will return more cash to shareholders by raising its stock buyback program by 80 percent to $9 billion and increasing its dividend.   From a previous 2016 outlook made in October, GM...

Today, the European manufacturer Airbus aired number of aircraft ordered and delivered during the last year. It looks like Airbus significantly beats its rival Boeing in number of orders - 1036 against 768. Number of aircraft orders in both manufacturers decreased in comparison with the record year...

Hit by continuing oversupply, the strong dollar and weak global demand, oil prices have been volatile again.   In order to discuss reducing output, some members of the Opec group of oil producers are calling for an emergency meeting.   An extraordinary meeting could be held in "early...

While predicting that vehicles that could not drive themselves would become a "strange anachronism" before too long, Tesla's owner, Elon Musk, has said it is an "open secret" that Apple is making a rival electric car.   This was said by the tech entrepreneur during an interview with the BBC...

With the US federal fuel -economy standards looming in 2017, car companies are hustling to bring out hybrid and electric models to help them meet the new rules. This despite the fact that American consumers were taking advantage of low gas prices to buy trucks and sport utility vehicles in large...

A merger between the French telecoms operator Bouygues and rivals Orange would have created value for the latter and safeguard jobs in the sector, said Orange Chief Executive Stephane Richard said on Tuesday.   In a possible deal which could see Bouygues receive a 15 percent stake in Orange...

As China's richest man steps up a drive to diversify his business empire overseas, Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion. The deal has turned the company chairman into a Hollywood movie mogul.   The takeover would...

After an agreed $32 billion cash and stock offer, catapulting it to a leading position in treating rare diseases, drug maker Shire Plc clinched its six-month pursuit of Baxalta International Inc on Monday.   After adding a cash sweetener, the U.S. firm that makes medicines and treatments for...