Just days after the Swedish company IKEA was slammed by Chinese media for operating a "double standard" in the world's most populous country, the Swedish company will recall its Malm dressers and chests in China, said the country's consumer watchdog.   For safety reasons, IKEA would recall...

Amazon and Wal-Mart are at loggerheads once again.   Wal-Mart is eliminating the $50 minimum spending requirement for shoppers to receive free shipping on their online orders just hours before Amazon's second Prime Day sales event, a self-invented holiday that offers exclusive deals for...

Starting with pricing pressure in the U.S. market and a stagnant share price, the management of Harley-Davidson Inc is back to dealing with more basic problems after the shares of the company took a wild ride last week on unconfirmed buyout rumors.   For much of the year the share price of...

Competing offers for the Medicare Advantage insurance plans have been made by WellCare Health Plans Inc and Centene Corp. Aetna Inc looks to shed the plans in seeking clearance for its acquisition of Humana Inc, reports news agency Reuters.    At the centre of Aetna's efforts to win...

Driven by strong contributions from its mainstay home appliances and television set businesses, South Korea's LG Electronics Inc said that its second-quarter operating profit likely reached a two-year high.   The April-June profit was likely 585 billion won ($504 million), compared with the...

A man who said he developed testicular cancer from exposure to a toxic chemical used to make Teflon at one of DuPont’s plants has been awarded an additional $500,000 in punitive damages by U.S. jurors.   A lawyer for the plaintiff said that the ordered was passed on Friday against DuPont....

Keeping in mind the increasing trend among customers who are increasingly streaming content through mobile devices, Verizon Communications Inc, the No. 1 U.S. wireless provider, said that it would expand data buckets by 30 percent for its customers but would at the same time increase plan rates for...

$65 million in a funding round led by U.S. private equity giant KKR has been raised by Darktrace, a U.K. cybersecurity firm that positions its software as the "human immune system" for networks, the start-up announced recently.   While new investors TenEleven Ventures and SoftBank...

The 25.1 percent stake it holds in the robot making company Kuka would be sold to the Chinese bidder Midea for about 1.2 billion euros ($1.34 billion) by the German mechanical engineering group Voith which recently made the announcement.   This sale of the Voith share in Kuka would help...

Starbucks Corp. plans it big for India.   As the world’s largest coffee chain seeks to open a spate of new stores in coming years, it is expanding its roasting capacity in India while it wants to increase its presence in the world’s second-most populous country from the fewer than 100 cafes...

Tesla would require unprecedented quantities of metals like Lithium, Nickel, Cobalt and Aluminum to reach an ambitious goal - producing 500,000 electric vehicles a year by 2018. These metals are used to make lithium ion batteries.   The 373,000 preorders for the Model 3 sedan has prompted...