Despite reporting revenue and earnings per share that comfortably neat its own estimates as well as estimates of Wall Street, United States based chip maker Intel’s shares dropped 2 per cent as investors accorded more importance to the cautionary guidance on margins in the current quarter provided...

The $27.7 billion acquisition of Slack Technologies Inc by business software maker Salesforce.com has now been closed, the company said on Wednesday,   The basis of the acquisition is Salesforce’s belief that the workplace app of Slack will gain popularity fast and be extensively used for...

United States based electric car maker Tesla will conduct due diligence to make an assessment of the amount of renewable energy that would be used to mine bitcoin and then will most likely restart accepting the cryptocurrency as payment for its cars, said  the company’s Chief Executive Officer...

Johnson & Johnson has been reported to be planning to shift the liabilities originating from hundreds of litigations related to its Baby Powder onto a newly created business which would then seek bankruptcy protection, said claimed reports quoting information from people familiar with the...

In a recent comment, United States President Joe Biden had asserted that the social media platform Facebook, the largest such platform in the world in terms of actively monthly users, is "killing people" as it allows rampant spread of misinformation about coronavirus vaccines on its platform/...

The United States based plant based alternative meat firm Beyond Meat has launched an online store in China on JD.com's e-commerce platform, the company has said.  This is a part of the strategy of the plant-based meat maker to increase sale of its products in the biggest meat market of the...

South Korean tech giant Samsung Electronics has applied to authorities in the United States seeking to get tax breaks to potentially construct its planned $17 billion chip factory in a location in Texas, US, according to reports a document that was filed by the company with Texas state...

Upholding charges of not being able to comply with orders from the French antitrust regulator about how to negotiate with the news publishers of the country news publishers, a record fine of 500 million euro ($593 million) on Alphabet's Google was slapped by the regulator.   There is...

Following estimate beating performance for the second quarter, Goldman Sachs Group Inc expects to make large profits for the whole year because of a record backlog of deals which will happen during the rest of the current year.   According to Refinitiv data, despite slowing activity among...

Billionaire entrepreneur and co-founder of United States based electric car maker Tesla, Elon Musk, said in court that if he wasn’t the chief executive of Tesla, the company would "die", even though he insisted that the control of the electric car maker is essentially controlled by the company’s...

Japan’s investment form SoftBank Group Corp returned back as an investor in Walmart Inc owned Indian online retailer Flipkart as the company announced on Monday of a successful funding round in which it raised $3.6 billion following which the Indian retailer will get a market value of $37.6...