Oil giant Saudi Aramco must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO) when it discloses its financials for the first time next year.   Saudi Crown Prince Mohammed bin Salman wants to raise...

Deciding to go head-to-head with Tesla Inc’s Model 3 and hoping to blunt criticism of limited driving ranges undermining EVs’ mass-market appeal, Nissan Motor Co Ltd launched a revamped Leaf electric vehicle (EV) on Wednesday.   By packing new technologies to make up for a shorter driving...

After the U.S. firm - Western Digital Corp, sued to keep their chip joint venture from being sold to rival bidders, the company’s CEO apologized to his counterpart at Toshiba Corp for strained ties, according to an Aug. 11 letter.   As it scrambles to cover liabilities at its bankrupt U.S....

As the number one social media network – Facebook, vies with Alphabet Inc’s YouTube for advertising revenue, it launched its Watch video service to U.S. users on Thursday with plans to allow people to submit shows.   In recent years, there has been a shift among viewers who have migrated to...

In a push by the world’s biggest listed tobacco company to help cigarette alternatives go mainstream, British American Tobacco has reorganized its regional management structure to integrate its vaping products with its core business.   While the BAT portfolio that includes Lucky Strike...

In an effort to cut spending and boost profits under its new chief executive, General Electric Co is making plans to significantly reduce corporate staff. The media reported quoting sources that were familiar with the situation that the company already has halted hiring in certain technology...

Ford Motor Co is working with multiple partners to put its autonomous vehicles on the road nd the company is considering deploying self-driving vehicle technology in larger commercial vehicles, reported Reuters quoting, a senior Ford executive on Tuesday.   ”We’ve been talking with different...

By bringing in Apple Inc to help bolster its bid, a consortium led by Bain Capital has made a revised last-ditch offer for Toshiba Corp’s chip unit worth about $18 billion, reported the media quoting sources with direct knowledge of the matter.   Ahead of their self-imposed deadline of...

With the aim of helping businesses build better applications for iOS, the operating system that powers Apple’s iPhone and iPad, technology company Apple Inc (AAPL.O) and professional services company Accenture PLC (ACN.N) are getting together their resources, the two companies announced on Tuesday....

In a new and very different approach than lowering cholesterol and in the focus for many years is a drug has helped prevent heart attacks by curbing inflammation, for the first time.   Especially from lung cancer, lower cancer death rates were also surprisingly noted among the people who...

The unintended casualties of a crackdown by the bank on illicit money flows have been companies that have had accounts closed or frozen by HSBC in the last two months, and includes an avocado importer, an e-cigarette seller and a toilet-cleaning gun maker reported Reuters.   With some unable...