Following months of opposition from U.S. antitrust regulators, a possible deal to sell off appliances business to Sweden's Electrolux was cancelled by General Electric.  The deal was worth $3.3 billion.   GE said it they would enter into talks with other suitors for its century-old...

A fine of record proportions amounting to ¥7.37 billion ($60 million) was proposed to be levied on Toshiba Corp., on Monday by the Japanese regulators after a $1.9 billion accounting scandal at the electronics and industrial company.   The Japanese regulators are trying to shore up...

With the aim to expand its presence on trans-Pacific routes, France's CMA CGM -  the world's third-largest container shipping firm, wants to buy out Singapore's Neptune Orient Lines. The French company made a S$3.4 billion ($2.43 billion) offer on Monday for the bid.   The offer of...

According to the Association of Chinese automakers‘ forecasts, sales of electric cars in China will amount to 220-250 thousand this year. This will allow the Chinese market of electric vehicles to become the largest in the world, surpassing the United States, where 180 thousand EVs will be sold...

Facebook teams up with Google, whereby allowing the latter to access the relevant page straight away within Facebook mobile app. From last month onwards Google has been allowed to scroll through Facebook’s mobile apps in order to index the same whereby obtaining “publicly available information”....

The French businessman Bernard Tapie is "absolutely ruined" after the court compelled him to reimburse € 404 million to the consortium of Credit Lyonnais. This he said in an interview with Le Monde French businessman Bernard Tapie, former owner of Adidas and Football Club "Olympique de Marseille",...

Do you want to effectively manage your money? Or make a fortune and live without worrying about finances? No one else can give a better advice than Warren Buffett, whose fortune is more than $ 72 billion, making him the third richest man in the world. In addition, he often gives sound advice about...

As a potent symbol of Russia falling out with Turkey, gas pipes worth 1.8 billion euros ($1.95 billion) are to be left stranded on the shores of the Black Sea.   This decision came after Russia's decision to suspend work on the Turkish Stream pipeline following the row over Turkey allegedly...

Paying for their late 2013 data breach as claimed by banks and credit unions, Target Corp has agreed to pay $39.4 million to resolve claims.   Lenders had sought to hold Target responsible for their costs to reimburse fraudulent charges and issue new credit and debit cards. The settlement...