A hostile takeover bid by the investment group Melrose Industries Plc was thwarted by U.K. engineering form GKN Plc by agreeing to sell off its automotive unit to U.S.-based Dana Inc ini a deal that is worth $6.1 billion.   In addition to 1.6 billion in cash, stocks valued at 3.5...

Allegations that the content filtering systems of Facebook are not up to the mark have been labelled by yet another country.   This time it is the island country of Sri Lanka. Facebook's social media and messaging services have been banned in the country this week by the government there...

Following the decision of Accor SA to sell off a major portion in its property business, the hotel operator now is planning repurchase its shares worth up to 1.35 billion euros ($1.65 billion) during the next two years.   A statement issued by the French company recently said that 55 per...

According to media reports published very recently, later this year, Apple Inc. could be releasing three new smartphones which include the largest veer iPhone. It is touted that this device would compete with the largest gadget from rival Samsung’s flagship smartphone, according to media reports...

The government in Ghana is attempting to control the spread of epidemics like that of the Ebola virus by the process of tracking the movements of people. For this purpose, it has teamed up with Vodafone which will share data about the movements of its customers in the country.   There are...

While claiming that the mobile carriers in the U.S. are inclined to work with the company, the head of the Chinese company Huawei’s consumer business said that politics is being used as a tool to throw the company out of business in the U.S. by its rivals because the competitors are worried about...

Following the prosecution of the former chairman of the Chinese company Anbang Insurance Group on charges of committing economic crimes, the company would be taken over by Chinese insurance regulator for a year.    The China Insurance Regulatory Commission (CIRC) said on its website...

Japanese auto maker Nissan is planning to enter the market of operator of autonomous transportation services which is dominated by the likes of Uber and other technology firms because they anticipate that vehicle ownership may get reduced in the future due to fleets of self-driving cars.  ...

There were literally hundreds of KFC stores that remained shut in the U.K. following the debacle in the new delivery contract that the U.S. fast food chain has entered into. The company is now attempting to open up many of the stores by the weekend and has deputed larger number of truckers for...

The worker’s union at the South Korean factory of General Motors does not rule out the possibility of the American automaker leaving the country completely and has threatened to conduct a full strike if it actually does so.   Lim Han-taek, the head of the employee’s union at the GM factory...

Collection of users’ data by Facebook in Belgium has been banned by a local court there. The company has also been warned of daily fines of €250,000 a day, totaling up to €100 million if it does not follow the court order.   The issue had turned out into a protracted battle between the...