The CEO of the world’s largest miner BHP Billiton, Andrew Mackenzi, is in a dilemma as the company sits on an $11 billion cash pile and the market watched to

Despite its small size, Time Inc. isn’t afraid from pursuing an acquisition of Yahoo! Inc.’s core business. Quoting people who possessed knowledge about the matter, Bloomberg reported that a presentation

Following concerns from pilots that they constitute a tangible risk for on board fires, the International Civil Aviation Organization has placed a ban on the cargo shipment of lithium-ion batteries

With the aim to strengthen its presence in Europe, the largest U.S. food distributor, Sysco Corp, is all set to purchase London-based food distributor Brakes Group from Bain Capital Private

As the coalition bombers hit the sources of finance of the Islamic State, the group is squeezing money out of local people in the northern Iraqi city of Mosul by

The question of whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline sector as well now hinges

Richard Branson wants to again join the race to send passengers and satellites into space. The billionaire entrepreneur said that his Virgin Galactic venture is eager to rejoin the race

The technology distributor Ingram Micro would be bought by Tianjin Tianhai, a Chinese shipping group for $6 billion in the latest mega-deal that involves a Chinese company. Ingram, based in

A challenge was launched to global shippers AP Moller Maersk and Mitsui OSK Lines by China on Thursday. However analysts feel that in order to weather one of the industry’s

A fresh $6.4 billion bid for Australian port and rail firm Asciano is being planned by Canada’s Brookfield Asset Management with assistance from Qatar’s sovereign fund, Reuters reported citing sources.

The controversial strategy of expanding in the general LED lighting market by the chief executive of German lighting group Osram led to the chief executive running up against the company’s

In a deal that values the home-security company ADT Corp. at about $6.93 billion, private-equity firm Apollo Global Management LLC is to buy the company. The deal was not affected

Bringing in some relief to the world markets, top oil exporters Russia and Saudi Arabia agreed on a deal to put a freeze on the levels of output. However the

Indian online retailer Snapdeal has raised another $200 million or Rs 1,367.6 crore, just seven months after it raised $500 million even as signs emerge of a drying up of

In what is the biggest repurchase ever, Japan’s SoftBank Group Corp. announced it would buy back up to ¥500 billion ($4.4 billion) of shares on Monday. This move helped to

Even as slumping oil prices cast a shadow on the upcoming years of transition, Royal Dutch Shell sealed the $53 billion (36 billion pounds) acquisition of British rival BG Group.

As Boeing Co waits for the U.S. government to approve a delayed order by Kuwait for 28 jets, it is nearing a decision to invest “a significant amount” to keep

The Japanese auto supplier has insisted that the propellant in its airbags is safe as the safety crisis surrounding Takata’s airbags that are prone to rupture has mushroomed. However as

Despite the fact that there are differences between the two over prices, Japan’s NTT Data Corp is in exclusive negotiations to acquire Perot Systems, the information technology consulting division of

For the first time in almost 25 years Rollls-Royce has cut its dividend payment to shareholders and has warned of further job cuts to come. While analysts had expected a

As the Russian government prepares to sell either a controlling or minority stake in the firm to plug a budget deficit, oil major LUKOIL has told the Russian government it

Britain’s competition authority has imposed a fine of £37.6m on GlaxoSmithKline for “illegal behavior” which resulted in higher costs for he NHS in relation to its antidepressant Seroxat. In return

A bigger-than-expected quarterly loss gave an opportunity to the American International Group Inc to place billionaire John Paulson and its representative to the company board as it capitulated in its

In its third attempt to buy the Swedish company, Generic drug maker Mylan NV said it would acquire Meda AB in a $7.2 billion cash-and-stock deal. Mylan had unsuccessfully pursued

Higher sales of snacks and beverages in North America helped reduce the impact of a strong dollar which helped PepsiCo Inc reported better-than-expected quarterly net revenue. Pepsi said that it

Finnish telecom gear maker Nokia said it would not give a financial outlook until April following its acquisition of Alcatel-Lucent and warned that demand for new mobile networks would slow

Reversing a cost-cutting decision made less than two weeks ago, HSBC, Europe’s largest bank, has dropped plans to freeze pay this year, according to a memo by Chief Executive Stuart

As rivals sense an opportunity to get their hands on the asset as a result of the car maker’s emissions scandal, Volkswagen has received expressions of interest for a unit

In what came as a face blow to Facebook’s plan to offer free basic program to net users in India, the regulators in the country have banned free mobile data