Earlier in the week, General Electric had announced that it would have to take a one-time hit of $11 billion in charges and a possible breakup of the company. This created a rumble in stock market as it spooked the investors of the company resulting in the price of the stocks of the company noting...

There has been growing global demand for powerful semiconductors that are put to use for mining of cryptocurrencies and this trend has driven the results of Taiwan Semiconductor Manufacturing Co. (TMSC) and prompted the company to report its quarterly results ahead of expectations. This resulted in...

Following court cases in to the alleged issue against Apple Inc. of intentional slowing down of iPhone after downloading of a software in Europe, the company is facing a criminal complaint in South Korea.   This time the Apple Inc CEO Tim Cook is the target of the criminal contempt filed by...

The lower trading revenues of Citigroup Inc was offset by solid gains in Asia and Latin America as the lender beat Wall Street expectations off profits in its global consumer banking business, the company announced on Tuesday.   There was a rise of 2.8 per cent in the shares of the company...

Banks seeking to strengthen their relationship with Saudi Aramco are considering doling out cheap loans worth billions of dollars, before the oil giant’s stock listing, according to a report by news agency Reuters, citing sources from the banking industry and export credit agency (ECA) sources....

It would be by 2021 that General Motors Co would begin making profits from the sale of electric cars, said the company Chief Executive Mary Barra in what is being described as a bold promise to investors.   But how that would be achieved has not been described by Barra. And this is critical...

A bet that London would continue to retain its position as the center piece in the European financial market even after Brexit is being placed by Spain’s Alantra Partners SA. And this is the reason that the Spanish bank is contemplating the moving of its present global headquarters from Madrid...

The race for creating more efficient pickup trucks among automakers is getting hotter as Ford Motor Co intends to gain some marketing edge over rivals in this segment and plans to unveil and launch a diesel engine version for its best-selling F-150 pickup truck in the spring.   The F-150...

While stressing that there had been no reports of any known hacking or even attempts to do so, iPhone manufacturer Apple Inc. has said that the chip security bug that was detected and revealed earlier this week, have the potential of affecting all of its Mac computers and iOS devices such as the...

The biggest rocket launched so far is going to be sent to space by SpaceX.   The rocket has been named the Falcon Heavy and would be launched by end of the month. This was announced by the Chief Executive of the company Elon Musk through social media earlier this week.   The...

The national oil giant Aramco of Saudi Arabia has been turned into a joint-stock company from first January this year. This is being viewed as a crucial measure for the company set to make initial public offerings (IPO) sometime later t his year.     Saudi Arabia wants to amass money to...