Yesterday, Google, Ford, Volvo, Uber and Lyft announced creation of an alliance, which aims to promote self-driving cars in the USA. Within the union, these companies will cooperate with federal regulators and the public to create uniform rules for the operation of such vehicles, and their output...

The UK's largest retail chain British Home Stores (BHS) will be transferred to management of consulting firm Duff & Phelps, which means the beginning of bankruptcy proceedings. This was announced by the official representative of BHS, reports Sky News. Head of Retail Acquisitions consortium...

In what was a much-anticipated move to address lingering doubts over its book-keeping, Japan's Toshiba Corp said on Tuesday that it booked an impairment charge of 260 billion yen ($2.34 billion/1.5 billion pounds) for the past fiscal year on the nuclear business.   As it booked a pretax...

SWIFT says that it was aware of "a number of recent cyber incidents" where attackers had sent fraudulent messages over its system, warned the global financial network that banks use to transfer billions of dollars every day.   Te scheme involved altering SWIFT software on Bangladesh Bank's...

Hackers that stole $ 81 million from the Central Bank of Bangladesh are likely to have cracked the SWIFT system’s software, which is a basis of the global financial system’s work, said representatives of the British company BAE Systems, developers in the field of armaments and information security....

It is not yet clear whether Mitsubishi Motors Corp would get support from its sister concern - Mitsubishi Heavy Industries Ltd on the issue of fuel economy scandal.   On Monday,  Mitsubishi Heavy Industries Ltd said that it was too early to decide whether to offer support to sister...

As U.S. auto safety authorities said they were seeking information on the matter, Mitsubishi Motors Corp seems to be into further trouble due to its fuel economy scandal.   There were media reports that the automaker had submitted misleading data on at least one more model than disclosed and...

American SunEdison, one of the largest companies in the world in the field of alternative energy, filed for protection from creditors. The statement on the U.S. bankruptcy code 11, Chapter 11, filed on Thursday, April 21 at the court in cases of bankruptcies for the Southern District of New York,...

The Paddy Power Betfair’s underperformance disturbs Credit Suisse. Paddy Power Betfair will be taken in by Credit Suisse, while the former is at “underperform” whereby its target price rest at “8,650p”. However, the latter also states that benefits of a merger agreement between both the companies...