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Apple Partnership with Hermes for Watch Gets Mixed Reviews
Tech giant Apple Corp. has partnered with French luxury brand maker Hermes to produce limited edition Apple Watches meant for the high-end market.
PepsiCo Partners with SodaStream for Home Carbonation, Still on Lookout for More Partners
Beverage giant PepsiCo Inc will allow people to brew its Pepsi and Sierra Mist drinks at home through the soda machines of SodaStream International Ltd.
Automakers in U.S. Agree to Autobreaking Technology, NHTSA to Oversee Initiative
Several of the top automakers in the United States have agreed to common standards for automatic emergency braking technology to further improve safety of their vehicles.
Toyota Plans Launch of New Prius Amid Slowing Demand for Hybrids on Falling Gas Prices
Japanese carmaker Toyota Motor Corp intends to roll out towards the end of the year the latest model of its hybrid car Prius, even as demand for environment-friendly vehicles has declined due to falling fuel prices, Reuters reported.
Lockheed to Shed 500 Jobs in IT Unit to Stay Competitive
Aeronautics and defense firm Lockheed Martin Corp. plans to let go of 500 employees on its IT division by November as part of its efforts to improve its business.
Google Expands Grocery Delivery Service to U.S. Midwest, Will Include Fresh Goods in Two Cities
Google Inc. is expanding its grocery delivery business to include fresh good in two U.S. cities and the Midwest, to increase traffic to its websites, Bloomberg reported.
Amazon Offers Restaurant Delivery Service to Prime Customers in Seattle, Mum About Expansion
Seattle Prime customers of online retailer Amazon.com Inc will now be able to order food from restaurants in the area using the company's app.
Uber's Rival Didi Kuaidi Raises $3 Billion as Ride Sharing War in China Continues
Chinese-ride sharing service Didi Kuaidi, which competes with Uber Technologies Inc., is set to raise $3 billion from investors lured by the promising company.
Concordia Healthcare to Buy Amdipharm Mercury for $3.5 Billion, Continues Acquisition Spree
Concordia Healthcare Corp. announced a deal to buy drugmaker Amdipharm Mercury Ltd. (AMCo) from a group of investors led by European private equity firm Cinven for $3.5 billion.
Media General Acquires Meredith, Will Be Third Largest Local TV Owner in U.S.
Media General Inc. announced Tuesday that it will buy multimedia company Meredith Corp. for $2.4 billion in cash and stocks to become one of the largest local television owners in the United States.
Angry Bird Maker Stock Market Debut Uncertain as It Cuts 260 Jobs Amid Business Challenges
Mobile game maker Rovio may have a harder time executing its stock market debut as the company's struggles continue, as it warned of lower earnings and said it will reduce a third of its staff.
Ageas Sells Hong Kong Unit to JD Capital, Will Focus on SE Asia
Belgian insurer Ageas said on Sunday it will sell its Hong Kong business to China-based asset manager JD Capital for HK$10.7 billion ($1.4 billion), Reuters reported.
Volkswagen Ordered by Arbitrators to Sell Suzuki Shares as Soured Partnership Fails to Yield Joint Project
Arbitrators have ordered German carmaker Volkswagen AG to sell its 20 percent stake in Suzuki Motor Corp. worth 463 billion yen ($3.8 billion) as the two companies decided to break up a partnership due to irreconcilable disputes.
Berkshire Hathaway Buys $4.5 Billion Stake in Oil Refiner Phillips 66 Despite Slumping Crude Prces
Warren Buffet's Berkshire Hathaway Inc appears to be bullish in the prospects of the oil industry despite slumping crude prices, as it bought a more than a tenth of oil refiner Phillips 66, Reuters reported.
U.S. Consumer Spending Rose in July But Sentiment Slides IN August
Powered by improving wages and investments, U.S. consumers continued to spend in July despite the economic turmoil around the world.
U.S., Other Markets to Get More Car Shipments as Demand in China Dips Amid China
German carmakers are considering shipping more vehicles to the United States rather than China as demand in the Asia nation is expected to slow due to its slumping economy and turbulent financial markets.
Syngenta on Lookout for Partners to Boost Business With Shareholders Upset Over Monsanto Rejection
Swiss agrichemicals firm Syngenta AG is on the lookout for partners that can improve its product offerings after it turned down the acquisition offer of U.S. seed seller Monsanto Co. despite a number of shareholders supporting the deal.
Ashley Madison CEO Resigns as Hackers Leak More Information Including Private Emails
The chief executive of Avid Life Media Inc., the company that owns infidelity website Ashley Madison has stepped down, has resigned weeks after hackers made public information of its 37 million subscribers.
10 Automakers Sued Over Keyless Ignitions Alleged Dangers
Already reeling from a massive recall for using deadly airbags, the automotive industry is facing another major safety issue with a lawsuit filed in the U.S. against 10 leading carmakers for keyless ignitions that allegedly concealed carbon monoxide poisoning and killed 13 people.
Intel Invests $60 Million in Chinese Drone Maker Yuneec, Sees Technology as a Game Changer
Intel Corp. invested $60 million in a drone company based in China as the chipmaker continues to bet that such devices will have commercial applications to offset the decline of the PC market.
McDonald's Refuses Burger King's McWhopper Offer for World Peace
Fast food giant McDonald's Corp. turned down the offer of rival Burger King for a one-day truce to collaborate on a "McWhopper" sandwich for World Peace Day, saying the two brands can do better than that.
China's Wanda Buys Ironman Triathlon, Expects Sport to Boom in Country
China's Dalian Wanda Group said on Thursday it will buy the company that owns the triathlon brand Ironman for $650 million due to its potential to lure participants in the country.
Panasonic Cuts 1,300 Jobs with Closure of China Factory, Focus on Electric Car Batteries
Japan's Panasonic Corp said on Thursday it will close a lithium-ion battery factory in Beijing and axe 1,300 jobs there as demand for the product slides, competition increases and with better opportunities available in electronic car batteries.
S&P 500 CEOs Average Compensation More Than 200 Times Bigger than Employee Pay
The compensation of chief executives of S&P 500 companies are 204 times higher on average than the median of their workers, a research by job-hunting website Glassdoor.com showed.
U.S. Economy Strength Seen in Positive Consumer Confidence, Housing Figures
Consumer confidence rose to a seven-month high in August, while sales of single-family homes rebounded in July, but these may not be enough to convince the Federal Reserve to hold off a raise hike amid continued market turmoil emanating from China.
Heavy Traffic Costs U.S. Economy $160 Billion, Drivers Lose 42 Hours Annually
Good news: more Americans have jobs with the economy growing. Bad news: more Americans with jobs are commuting and that makes traffic worse.
Exelon Bid to Acquire Pepco Blocked By Washington DC Regulators, Appeal Possible
Exelon Corp.'s bid to buy Pepco Holdings Inc. hit a snag after utilities regulators in the District of Columbia thumbed down the proposal saying possible benefits to consumers are outweighed by the potential harm the deal may cause.
Oshkosh Gets $6.75 Billion Contract to Build New Trucks to Replace U.S. Army's Humvees
Oshkosh Corp. won a $6.75 billion contract to supply the U.S. military 17,000 new light trucks, which is seen as an upgrade to its aging fleet of Humvees.
Strike in GM's Brazil Plant Ends as Plan to Cut 800 Jobs Halted
Employees at General Motors plant in Brazil have returned to work , ending on Monday a strike that lasted two weeks, after the company held off on a plan to cut almost 800 jobs.
Determined Monsanto Raises Bid for Syngenta, Swiss Firm's Board to Discuss Response
U.S.-based Monsanto Co. has raised its offer to buy Switzerland's Syngenta AG, putting the latter's value at $47 billion, in a bid to create one of the biggest agricultural companies in the world.
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