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Ford could lose up to $1 billion in profits due to aluminum plant fire 10/09/2025

UK’s Largest Investment Platform Says Bitcoin Lacks Intrinsic Value and Income Potential, Rejects It as an Asset Class 10/11/2025

Trump Tightens the Noose: New U.S. Tariffs Escalate Trade War with China 10/11/2025

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Business & Finance

Toyota And Microsoft Partnership Is On Expansion Terms

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...

Plans to Buy Yahoo’s Japan Stake by Verizon to be a Sweetener for Yahoo Bid: Bloomberg

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...

US Judge designates as 'Arbitrary, Capricious' MetLife's 'too big to fail' tag

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...

Challenging TV and Web Rivals, Facebook Expands its Live Video Service

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....

1,300 Jobs and Shifts to be cut at Fiat Chrysler Factory in Michigan

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...

$160 Billion 'Inversion' Deal Between Pfizer and Allergan Scrapped

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....

BP to Pay $ 20 Billion for the Oil Spill in the Gulf of Mexico

The federal court in New Orleans issued a final decision on the long-going litigation around the spill at BP’s oil platform in the Gulf of Mexico in 2010. With all the affected parties and the amounts owed to them, BP’s compensation payments could reach $ 20 billion by the total size. The decision...

Tesla Model 3 Will Receive Displays From LG

The South Korean company LG Display will supply information displays for the recently announced electric car Model 3 from Tesla Motors, according to Reuters. Other electric cars of the company, namely, Tesla Model S and Model X, get their displays from another company, said the agency’s informant....

McCormick Offers A Revised Rate For Premier Foods’ Takeover

McCormick raises 5p per share for taking over Premier Foods. McCormick is the “spice giant” of the United States, which was planning on taking over the Premier Foods at “60p” per share. However, keeping the value of “Mr Kipling to Oxo Cubes group at £1.5bn”, the former has raised the rate at “65p...

Pfizer-Allergan deal could be derailed by New U.S. Inversion Rules

With the pending $160 billion merger of Pfizer Inc and Allergan Plc seen as a potential casualty, the U.S. Treasury Department took new steps on Monday to curb tax-avoiding corporate "inversions". In what is termed as the largest inversion deal ever, there has been sharp political...