Australia’s oil and gas regulator has rejected the proposal by Oil and Gas giant BP to drill in the Great Australian Bight.   British Petroleum had wanted permission from the Australian authorities to drill four deep-water exploration wells in the Bight from next year.   The company...

Wal-Mart shares went up by 2% as investors were pleased with the better than expected results for the third quarter of the current fiscal and posted more profits than anticipated by analysts on Tuesday.     Heavy investing by the company on its people and technology were anticipated to...

The English-language leading Indian TV channel Times Now is beginning broadcasting in Britain today. Thus, the broadcaster, belonging to the media group Bennet, Coleman & Co, finally made it clear that it intends to compete with the leaders of the world's TV news - BBC, CNN and Al-Jazeera. On...

Mylan NV's $26 billion hostile bid was rejected by Perrigo Co Plc's shareholders that ended the Netherlands-based generic drug maker's seven-month pursuit of its smaller rival.   This incident ensured a victory for Perrigo Chief Executive Joseph Papa as Mylan's offer expired on Friday with...

An unusual glimpse into the burgeoning industry of criminal hackers for hire emerged as U.S. prosecutors this week charged two Israelis and an American fugitive with raking in hundreds of millions of dollars in one of the largest and most complex cases of cyber fraud ever exposed.   The...

Rockwell Automation Inc. of Milwaukee and Seattle software developer Microsoft Corp are together developing a new technology that would allow workers and managers to communicate seamlessly, whether on the factory floor or upstairs.   The companies engaged in the development of the technology...

A $42 Billion takeover offer by state-owned China National Chemical Corp has reportedly been rejected by the world's largest agrichemicals company, Syngenta AG.   This news has raised the shares of the company.   The company had turned down a $47 billion takeover offer from Monsanto...

Two British companies specializing in the aircraft sector - defense corporation BAE Systems and aircraft engine manufacturer Rolls-Royce - have reported worsening results and job cuts. BAE Systems announced their intention to halve production of one of the most famous aircrafts – the fighter...

Apple Inc. is striving to get in to the niche market of person-to-person transfer of money through their phones. According to people familiar with the matter, Apple is in discussions with U.S. banks to develop the payment service that would let users zap money to one another from their phones...