Placing the company squarely in competition with rival offerings from Apple Inc and Spotify, Amazon.com Inc is preparing to launch a standalone music streaming subscription service, reported Reuters citing two sources with knowledge of the matter.   The sources said that a competitive...

Strategic options for Viacom Inc's Paramount Pictures, including a possible stake sale are being looked out by Sumner Redstone's National Amusements Inc and are consulting investment bankers about the options reported the Reuters citing sources familiar with the situation said.   The...

An appeals court ruling has been asked to be over turned by the U.S. Department of Justice to the Supreme Court and asked that it return the case to the trial court for more litigation. The case is related to a litigation between Apple Inc and Samsung Electronics Co Ltd and the appeals court ruling...

After several parties, including Verizon Communications Inc and AT&T Inc, made second-round offers, Yahoo Inc is set to put together a new shortlist of bidders for its core internet assets, the media reported quoting several sources close to the company.   One of the sources said that...

Concluding that the raising of the stakes of Wal-Mart in Chinese online supermarket Yihaodian would not impact the already competitive market, the Ministry of Commerce in China removed restrictions on Wal-Mart Stores Inc's deal in 2012 to raise its stake in online supermarket Yihaodian.  ...

Putting rumors of a spin-off of non-core assets in a "Baby Shell" initial public offering to bed, Shell's plans to sell off assets and pull out of up to ten countries are on track, announced the chief executive of the oil major. Shell said that it was taking action to deliver on lower costs,...

Wal-Mart Stores Inc executives flaunted the potential for boosting online sale that the company stands to gain from the technology investments in the world's No. 1 retailer is making, said the executives during the annual shareholder meeting very recently.   The US retailer's two-day...

A former senior finance manager has sued Oracle Corp on Wednesday against her alleged termination over her complains against irregularities in the company. The former senior finance manager has alleged in the suit that she was fired by the company because she had complained against the improper...

With the aim of raising $1 billion, for the first time Apple Inc plans to issue bonds in Taiwan, say media reports quoting several sources that are familiar with the matter.   Apple is among a number of huge global names who have in recent times sold billions of dollars on the island's busy...

At least $7.9 billion of shares of in Chinese e-commerce company Alibaba Group Holding Ltd in order to raise funds to reduce its debt would be sold out by Japanese telecommunications and internet firm Softbank Group Corp, the company announced.   Since Softbank began investing in the company...

The EU has charged Europe’s largest truckmakers of fixing prices and delaying the introduction of new emission technologies and the commission is all set to issue the biggest cartel fine in its history by punishing the truckmakers. The original charge was sheet against DAF, Daimler, Iveco,...