Apple Inc forecasted on Thursday that revenue would fall for the second quarter in a row, but that iPhone sales would likely improve as production in China returned to normal following COVID-related shutdowns.   While CEO Tim Cook expressed optimism about service and iPhone sales, he also...

Stock price of India's Adani Group of companies fell further in Mumbai on Friday, resulting the total market value of the group dropping to less than $100 billion. This rout in the stock market for the conglomerate happened following a crucial and damning report...

Volvo Cars is preparing for an electric blitz, converting all of its mainstay models - three SUVs and two sedans - to electric vehicles and introducing a luxury electric van aimed at increasing sales in Asia, according to two people familiar with the plans.   The Swedish automaker, which is...

Shares of India's Adani group continued the downward slide on Thursday following the Gautam Adani-led conglomerate deciding to shelve a $2.5 billion share sale because of a volatile market. By the end of Thursday, the group witnessed the wiping off of a total of $100...

Exxon Mobil Corp announced a $56 billion net profit for 2022, earning about $6.3 million per hour last year. The numbers not only set a record for the company but also a historic high point for the Western oil industry. Global oil companies are anticipated to break their own...

Intel Corp announced broad salary cuts for employees and executives on Tuesday, just a week since the firm had announced a lower-than-expected sale revenue forecast due to a loss of market share to competitors and a slowdown in demand in the PC market.   ...

Weeks after rival Tesla Inc. decreased pricing on its electric vehicles globally by as much as 20%, Ford Motor Co. reduced costs of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle.   Ford's stock fell 2.9% in above-average trading to close at $12.89. Tesla dropped...

Bed Bath & Beyond Inc. is planning to file for bankruptcy protection as soon as this week and has lined up liquidators to close further stores in the event that no last-minute buyer materialises, according to a report from Reuters quoting information from four people with knowledge of the...

India's Adani Group released a comprehensive rebuttal to a Hindenburg Research report that triggered a $48 billion drop in its stock, claiming that the conglomerate companies with all local laws and have made all required regulatory disclosures.   The conglomerate led by Asia's richest man,...

The original and presumably most aesthetically pleasing "Jumbo Jet," Boeing's 747, changed the face air travel, only to have its more than five-decade reign as "Queen of the Skies" finished by more efficient twinjet planes.   On Tuesday, the last commercial Boeing jumbo in the remaining...

The aerospace company and Britain's top blue-chip engineering group Rolls-Royce, issued a warning to employees that the firm was a "burning platform", according to its CEO, which resulted in the stocks of the company falling by as much as 4% on Friday.    According to a report...