Helped by the company's cost-cutting drive helped to offset a slowdown in Chinese spending, a surprise increase in first half profits was reported by Burberry.     In the six months to the end of September compared with the same period last year, the luxury retailer said adjusted...

Aibaba broke its earlier record of of $9.3 billion worth of transactions in a single day sale set last year by itself, as the company touched $10 billion on Wednesday afternoon, according to unaudited company figures.   Chinese e-commerce giant Alibaba is staging a shopping bonanza that...

1000 more jobs would be added by computer giant Apple at Cork as the company intends to expand its campus there. The new jobs would be added by the middle of 2017.   The number of people employed by Apple in Ireland would increase to 6000 following this expansion by the US based company....

A tax bill amounting up to $9 billion would probably derailed Dell Inc's $67 billion offer to buy data storage company EMC Corp.  Citing sources familiar with the matter, technology news website Re/code reported this.   The report said that the kind of tax treatment that are consider...

Forrester’s 2016 forecasts cover the fields of Asia Pacific business firms, including, CMOs, CIOs, and CX. The Forrester Research, Inc. “unveiled” the predictions of 2016 applicable to the “Asia Pacific business leaders”, whereby the leaders of CMOs, CIOs and CX or “Customer Experience” section to...

Despite the UK government the event of Black Friday introduced two years ago, UK retailer Asda has confirmed it will “step away” from taking part in the event. Analysts say that the looming discount phenomenon of Black Friday affecting the retail sector is the reason behind this announcement....

After Alibaba founder Jack Ma was quoted in a magazine as saying he would rather lose the case than settle, luxury brands suing Chinese e-commerce behemoth Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate, which they say looks futile since the comment by...

French engineering company Alstom will supply 800 electric locomotives and set up a local manufacturing plant worth a total of $3 billion (200 billion rupees). This decision was taken at by the Indian government on Tuesday.   India opened up limited parts of state owned railways last year...

Kaman Corporation to acquire Calkins assets whereby an agreement has been signed between them. A signed agreement has been finalised between the company of Kaman Corporation and the Calkins Fluid Power, Inc., whereby the “Distribution Segment” of the former to lawfully acquire the assets of the...