In what is being equated with one of the largest data breaches in history, private information of about 150 million users of MyFitnessPal diet and fitness app were compromised in February, said Under Armour Inc said on Thursday. The news led to a fall of 3 per cent in the market share of the...

The charges against Barclays Plc of irregularities in the marketing of residential mortgage-backed securities in the U.S. between 2005 and 2007 – being investigated in the US., would be settled against a payment of $2 billion in civil penalties.   The investigations and the rare lawsuit was...

A controlling stake in the loss making national carrier of India- Air India had earlier been announced to be sold off by the Indian government.   This sale – which would see about 76 per cent of the stake in the airline being put up for sale, would be amongst the most high-profile asset...

Amazon has managed to sing up the first trader in France for its grocery business as the U.S. online retailing giant took another step in the grocery market in the country. Casino’s upmarket Monoprix chain will now sell its grocery products on Amazon.    The two companies together may...

The German government said that stricter regulations would be faced by the U.S. social media giant Facebook, announced the German Justice Minister Katarina Barley following a meeting with the representative of the largest social media company in the world.   Barley said that Facebook has...

Continuous declining sale of its arms has forced Remington Outdoor – the oldest gun manufacturer in the United States to file for bankruptcy.   With thee intention to come to a settlement with its creditors, the company set up more than 200 years ago had to file for protection from...

The global market segment of lower end watches has got very competitive. Even established brands like Tissot has bene forced to drastically slash its prices in this segment as the watch maker announced 500 francs ($528) to be the starting price for an automatic chronograph for that it plans to...

Facebook admitted to it making misstates in relation to the misuse of personal data of 50 million U.S. users of the social media platform and pledged to take stricter measures to prevent access to personal information by developers.   These were announced by the company Chief Executive Mark...

Chinese tech giant Tencent has increased its profits for 2017 by 74 per cent compared to the profits it made the year earlier. According to the company statement released on Wednesday, the tech giant attributed the significant increase in profits to "solid growth" throughout all of its components...

Toy makers felt assured about them getting paid as Toys ‘R’ Us attempted to emerge from Chapter 11 and when it managed to get hold of a $3.1 billion bankruptcy loan in September.   But now as the toy retailer is moving towards liquidation, that assurance is fading away fast.   There...

About 30,000 jobs at legendary toy retailer Toys ‘R’ Us Inc will put to risk as the company decides to either close down or sell off all of its stores in the United States as it has been unable to locate a buyer or get into an agreement with debtors to restructure its debt worth billions.  ...