Analysts have warned that the Deutsche Bank needs more money and the right people on board even though shares in the bank were soaring on the news of a $7.2 billion settlement with the U.S. Department of Justice on the mis-selling of mortgage-backed securities during the global financial crisis....

Amazon.com Inc has leased 40 jets to meet the delivery demands from the retail giant's customers.   However valued business from FedEx Corp and United Parcel Service Inc. are being taken away from them by the company as the Prime Air planes are flying nearly full with lightweight loads, as...

In order to resolve U.S. investigations into sales of the toxic debt that fueled the financial crisis, Deutsche Bank AG and Credit Suisse Group AG agreed to pay a combined $12.5 billion. With this the two banks have put behind them a major dispute – one that had weighed on their shares and raised...

To match production and demand, Ford Motor Co will close its Kansas City, Missouri pickup truck and van plant for a week in early January, the automaker said.   F-150 pickup trucks and Ford Transit vans are made at the plant. A couple of months ago, Ford also closed the Kansas City plant for...

As Volkswagen AG took new steps to put its emissions cheating scandal behind it, the German automaker has agreed to a $1 billion settlement to fix or buy back another 80,000 polluting diesel vehicles sold in the United States.   Volkswagen has now agreed to spend as much as $17.5 billion in...

As the European Union issued details of its ruling that Apple Inc. maker won sweetheart tax deals from the Irish government which amounted to illegal subsidies, the iPhone maker appealed on Monday against a $14-billion tax demand.   Underlining its anger with the European Commission, which...

The decades-old system of providing cradle-to-grave welfare support, known as the country's "iron rice bowl", system started by the Chinese government has been ordered to be smashed specifically with respect to the state firms.   But the decades-old system of providing cradle-to-grave...

Claiming that data from more than 1 billion user accounts was compromised in August 2013, making it the largest breach in history, Yahoo Inc warned on Wednesday that it had uncovered yet another massive cyber attack.   The company had noted nearly half of the number of accounts hacked this...

After a Chinese official warned the government could slap a penalty on an unnamed U.S. automaker for monopolistic behavior, shares of U.S. automakers General Motors Co and Ford Motor Co skidded on Wednesday.   It was only a few days ago that U.S. President-elect Donald Trump questioned the...

Sumner Redstone's holding company National Amusements Inc is under pressure to buy or partner with peers in an industry where scale matters after its decision to abandon a merger of its prized media assets, CBS Corp and Viacom Inc.   Scale was crucial for both companies, because it would...

In cyber attacks earlier this year, hackers stole technical trade secrets from the steel production and manufacturing plant design divisions of ThyssenKrupp AG, the German company said.   Engaged in what it said were "organized, highly professional hacker activities", it had been targeted by...