In an overhaul that will streamline the sprawling conglomerate into a company focused on chips and nuclear energy Japan’s Toshiba has said it will cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal.   The eventual job cuts spanning the entire PC-to-nuclear...

Hounded by a relentless rise in global supply that looks set to outpace demand again next year, Brent crude prices hit their lowest in over 11 years on Monday.   The price of crude is set for its largest monthly percentage decline in seven years with more barrels poised to enter the market...

Recently, there have been rumors that the US Apple may soon replace LCD displays in their smart phones panels with those made of organic light-emitting diodes (OLED). Now, it was reported that the the company from Cupertino will take control on development of such displays. According to news agency...

While it is not clear whether a name change had to do anything about the Islamist radical militant group, Isis Pharmaceuticals, a San Diego-based biotech company, decided to change its name to Ionis Pharmaceuticals.   The company also changed its name to ticker symbol on Nasdaq and it will...

Crude oil prices headed for a third weekly loss in a row, its longest losing streak in four months even as oil prices in general edged higher on Friday as investors closed positions ahead of the end of the year.   While U.S. crude futures traded at $35.02 a barrel, a rise of seven cents from...

Indicating turnaround efforts may be gaining traction BlackBerry reported its first quarter-to-quarter revenue gain in over two years o Friday as the company reported a smaller-than-expected fiscal third-quarter loss.   BlackBerry shares were up by 6.3 percent to $8.29 in premarket trading...

Taking its Chinese rivals Alibaba Group Holding and Tencent Holdings head one, Apple Inc said it will launch its payment service in China as soon as 2016.   China's main bank card and payment firm, UnionPay, a state-controlled consortium that has a monopoly on all yuan payment cards issued...

Negotiators from nearly 200 countries reached an historic agreement on the climate summit in Paris. The world has shown that it is still able to unite against climate change and rising greenhouse gas emissions. Under the new agreement, the Member States must prevent a global temperature rise of...

The fact the same investors own nearly half of both firms means the deal of Royal Dutch Shell's takeover of BG Group is still likely to go through even as it might look less attractive after the slide in oil prices.   According to data publicly available, investors holding about 43 percent...