Ahead of the Canadian Annual Budget release, the government has decided to sell about $2.7 billion worth of share of General Motors Co. The shares being sold is the last remaining of the stakes taken up by the government to bail the company out following the global recession in 2009. Now the...

Google Inc aims to make calls made when roaming abroad cheaper. The software giant is in talks to finalize a deal with UK telecom operator Hutchison Whampoa to allow US citizens to use their phones without adding extra costs. The wholesale access agreement plan is one of the first of the steps...

A defense contracting company to Pentagon has unlawfully provided a contract as well as federal secret data to an Indian outsourcing company. One Source USA LLC, a defense contractor, is being tried at the U.S. Department of Justice for releasing data pertaining to U.S. military technology,...

The gap in salaries of top managers and employees of the banks on Wall Street significantly reduced. In the United States, the difference between the wage of financial companies’ managers and employees remarkably dropped down. Moreover, according to The Wall Street Journal, in the lower echelons,...

Diageo has entered into an agreement with South Africa-based United National Breweries to acquire an additional 50 per cent stake in the company and essentially turning it into a 100% owned subsidiary.   The world’s largest spirit maker took the reins of UNB with an initial payment of $22...

Tesla Motors has sold 10,030 electric vehicles in I quarter, the company said on Friday. This is 55% more than the same period in 2014. Generally in 2015, Tesla plans to sell 55,000 electric vehicles. Unlike many automakers, Tesla reports on sales than not monthly but quarterly. In addition, the...

US auto sales back on race track in March after long frozen winters. US consumer’s confidence mounted steeply in March 2015 after an ease during the harsh winter season. Despite a sharp rebound, the US auto industry experienced upsurge in demand for new vehicles in March. Detroit automakers...

South Korea's Samsung Electronics has won the tender for supplying Apple with processor A9, core chips for the next iPhone model - despite the continuing intense competition on a global smartphone market, Bloomberg reports, citing informed sources. Last year, Taiwan Semiconductor Manufacturing Co....

Swiss bank UBS study the prospects for the use of Bitcoin technology in the financial sector. This work will take a special team, which will begin in London later this month. In April 2015, the largest Swiss bank UBS in London will bring a team of experts from the financial and technology sectors....