The company of Greybull is going to buy the Scunthorpe plant of Tata Steel in the coming week. In the coming Monday, Tata Steel is likely to sign a deal for rescuing its Scunthorpe plant.   The sale of Scunthorpe steelwork has been a talk of the market since the year of 2014, while BBC...

Analysts at Wall Street are of the view that since the financial crisis in 2007-2008, it has been the worst start to the year for US banks and predict poor first-quarter results after reporting begins this week.   The capital markets, and consequently loan growth, are weighed down by...

The stockholders of Starwood Hotels & Resorts Worldwide Inc and Marriott International Inc voted to approve Marriott's acquisition of Starwood to create the world's largest hotel company, the two companies said on Friday in the communiqué.   “Marriott International, Inc. and Starwood...

Toyota Connected will be using Microsoft’s technologies to extend its service network. Toyota Motor Corp is going to expand its partnership with the Microsoft Corp which has already lasted five years. Henceforth, the duo will attempt to “develop new internet-connected vehicle services” for dealers...

As a measure to sweeten its offer for a first-round bid for Yahoo Inc.’s Web business next week, Verizon Communications Inc.  is willing to acquire the company’s Yahoo Japan Corp. stake, reported Bloomberg quoting sources who were conversant with the matter.   A second source told...

The determination by the Federal regulators who had taken the decision to designate insurer MetLife Inc as "too big to fail" was opined to be "arbitrary and capricious" by the U.S. judge. The determination was struck down by the judge last month and the comments of the judge were unsealed on...

Facebook Live, the live video product of the company is being expanded. The company said in a statement that the feature would get a prominent place on the app as the company would also roll out features that would make it easier to search and comment in real time for the users of the feature....

More than 1,300 workers at the Sterling Heights, Michigan plant that makes the slow-selling midsize Chrysler 200 sedan is being laid off for an indefinite period by Fiat Chrysler Automobiles. The company also announced that it would end one of the two shifts at the unit.   As FCA has...

Following possibility of derailment of the deal after the US Treasury announced new rules for preventing “inversion” of US companies, the proposed  $160 billion merger deal between U.S. drugmaker Pfizer Inc and Ireland-based Allergan Plc was formally announced to be scrapped on Wednesday....