Amidst the efforts by Apple Inc to reverse declining sales in the country, the U.S. tech giant is making a huge investment in research and development in China, its first ever in the second largest economy of the world.   The company would invest 300 million yuan ($45 million) in a research...

As Apple Inc.’s latest attempt to boost enterprise sales as its key product, the iPhone, shows signs of maturation, Deloitte LLP will open a new practice to help corporate clients work with Apple products.   The two companies announced a partnership on Wednesday to this effect.   The...

While the company's board investigates Wells Fargo's sales practices, its Chief Executive Officer John Stumpf will not get a salary and will forfeit unvested equity awards worth about $41 million, the bank said on Tuesday.   The bank said that no severance would be given and unvested equity...

Twitter -may end up heading in one of several distinctly different directions depending on who ends up paying for it with speculation mounting that Twitter Inc will soon have a new corporate owner. The 10-year-old social networking service has long struggled to define its core purpose.  ...

The founder of Rolling Stone is selling 49 percent of the iconic magazine to an Asian billionaire’s son after a five-decade run full of interviews with pop stars and presidents. In a deal that encapsulates the plight of an industry fighting to stay relevant in an online age, it’s the first time...

India's aviation regulator said that while there was no damage and the aircraft landed safely, a Samsung Electronics smartphone stored in an overhead baggage compartment on an Indian plane did emit smoke in mid-flight on Friday.   The airline, owned by InterGlobe Aviation, said in an emailed...

There has been a steep clump in the deal making market in Asia and this has forced the Goldman Sachs Group Inc. to plan job cuts in the regions, except Japan, to the tune of about 25 percent of the workforce in the investment-banking jobs there, sources in the market with knowledge of the matter...

Yahoo believes that a state-sponsored actor conducted a theft that appeared to be the world's biggest known cyber breach by far resulting in hacking of at least 500 million of its accounts in 2014, the company said.   The company said that names, email addresses, telephone numbers, dates of...

Technology news site Recode reported on Thursday, citing unnamed sources familiar with Yahoo’s plans that the tech company this week will disclose a data breach that compromised the details of several hundred million users.   Yahoo plans to sell its email service and other core internet...

With aim of securing its place at the heart of the burgeoning driverless vehicles industry, a new processor chip that is aimed to be used for driverless cars, was launched on Tuesday by  ARM, the British chip designer that is powering the global mobile phone industry with its chips.  ...

If Alphabet Inc's Google is found to have avoided payments, the search giant could face a bill of more than $400 million for 2015 alone in Indonesia as the government there plans to pursue the company for five years of back taxes, reports Reuters citing a senior tax official.   Its...