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...

In order to compete with BMW and Audi in the world's biggest car market, Japan's Honda Motor Co will launch a new small crossover sport utility vehicle this year in China. This would also be an effort by the company for a broader makeover and even the survival of its stalled luxury Acura brand,...

The flour business of the BUA Group has been sold to Olam International of Singapore for $275 million. The BUA Group is one of Africa’s largest food and infrastructure conglomerates.   Even though BUA Flour Mills had become one of the largest and most efficient flour milling businesses in...

After failure of its flagship smartphone, One M9, HTC expected to improve their position with the new model One A9, but even those plans went awry. Contrary to rumors, November last year proved to be unsuccessful for the manufacturer, as well as all the previous months. In December, the situation...

Economic growth, cheap gasoline and low interest rates have provided unprecedented sales in America. For the German automakers in 2015, the results are mixed. 2015 was very successful for the global automotive industry. The greatest results were achieved by automakers in the United States, which...

Car designer Henrik Fisker sued the manufacturer of prestigious cars Aston Martin, according to Business Insider. Mr. Fisker claims that Aston Martin threatened him in connection with his performance at the upcoming Detroit Auto Show, which kicks off next week. According to him, the company sent...

Recent studies have suggested that mobile health apps will become people’s preferred resource over physicians apart from witnessing a growing number of users.   Two-thirds of Americans have already shown a favor for digital health management over physical, according to a study...

Chang Xiaobing, the boss of one of China’s biggest companies quit as chairman and chief executive of China Telecom after his detention by Beijing in what is being termed as the latest target of President Xi Jinping’s crackdown on corruption.   Chang Xiaobing was earlier detained this week on...