In relation to the sale of toxic mortgage securities in the run-up to the 2008 financial crisis, $7.2 billion settlement with the U.S. Department of Justice has been finalized by Deutsche Bank, the government agency announced recently.   The department said in a statement that with relation...

As part of a $200 million effort to revitalize the company's shrinking profits with cutting edge technology, Chinese search engine Baidu Inc has launched an augmented reality (AR) lab in Beijing.   While the lab would later explore healthcare and education, to start off, it would initially...

Through a series of payments totaling 671 million pounds ($809 million), British engineering group Rolls-Royce Plc intends to bring to an end and settle cases of alleged bribery and corruption involving intermediaries with settlements with authorities in Britain, the United States and Brazil, the...

As Iridium Communications hailed SpaceX's first lift-off since an explosion last fall, the former said that SpaceX's successful launch of 10 satellites for Iridium Communications marks the beginning of one of the biggest "tech refreshes" in history.   Delivering the satellites into low-Earth...

In the course of the past two decades, it was usually clear, between planemakers Airbus and Boeing, who had bragging rights in the fiercely competitive $120 billion annual jet market and the planemakers ave traded the crown in the annual orders race.   And this week beating Boeing's tally of...

The U.S. Department of Justice announced that in relation to its ratings of risky mortgage securities in the run-up to the 2008 financial crisis and which was partly responsible for the financial crisis and looses of millions to investors and banks, Moody's Corp has agreed to pay nearly $864...

Samsung Group leader Jay Y. Lee was grilled for more than 22 hours on bribery suspicions in an influence-peddling scandal that could topple South Korean President Park Geun-hye, by the South Korean special prosecutor's office.   Allegations that in exchange for the national pension fund's...

In order to resolve its diesel emissions troubles and plans to plead guilty to criminal misconduct, Volkswagen AG confirmed that it has negotiated a $4.3 billion draft settlement with U.S. regulators.   As the automaker looks to restore its tarnished global brand, the guilty plea is part of...

To produce liquid-crystal displays (LCDs), a 61 billion yuan ($8.8 billion) factory in China is being planned to be built by a joint venture between Hon Hai Precision Industry Co, known as Foxconn, and Sharp Corp.   Sakai Display Products Corp said at a signing event with local officials in...

After being officially established and rebranded recently, according to one of the venture's investors as reported in the media, a Chinese online bank backed by smartphones and home appliances maker Xiaomi Inc  is set to launch its services soon.   Shareholders and regulators had...

As the Japanese conglomerate Toshiba Corp grapples to plug a potential multi-billion dollar hole, a looming writedown at the company has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday.   Toshiba said late on Tuesday that it could face...