Chip making giant Broadcom Inc is currently holding negotiation to acquire cloud service provider VMware Inc, said report quoting sources with knowledge of the matter. If this deal goes through, it would help turn the chipmaker into a diversified tech company.   The sources quoting in the...

Elon Musk has established a reputation for himself and Tesla by breaching the rules, but the billionaire's latest remarks on politics, as well as a charge of sexual harassment against him that he claims is false, may damage the brand of Tesla and himself as believed by some Tesla customers and...

Sona BLW Precision Forgings, an Indian auto parts manufacturer, expects electric vehicle (EV) components to account for two-thirds of its income in the next years, as automakers in India as well as the rest of the world sped up to manufacture more environmentally friendly vehicles, according to the...

McDonald's Corp said on Thursday that it is selling its restaurants in Russia to one of its current local licensees, who would rebrand them under a new name, putting an end to more than three decades of the "Golden Arches" in the nation.   In Russia, the world's largest burger company...

Meta Platforms CEO Mark Zuckerberg stated at WhatsApp's messaging event on Thursday that the firm is giving free cloud-based API services in an effort to entice more businesses to use the app.   Facebook-owned Meta has released new commerce and business-focused services on numerous...

Target Corp's quarterly earnings halved and the company warned of a greater margin impact due to rising fuel and freight costs on Wednesday, sending the stock down 21 percent in a clear hint that investors no longer believe major U.S. retailers will be immune to inflation.   Even while both...

Japan's economic security minister, Takayuki Kobayashi, has stated that foreign investors will not be barred by the government from purchasing industrial giants of the country such as Toshiba Corp if the foreign investors follow laws that govern the handling of critical infrastructure and...

As oil and gas prices rise around the world, Saudi Aramco has reported its greatest profits since its 2019 IPO. Profits at the state-owned energy company increased by 82 per cent in the first quarter, hitting $39.5 billion.   The company said in a press release that higher prices and...

JetBlue Airways Corp launched an aggressive all-cash acquisition bid for Spirit Airlines Inc on Monday, two weeks after the cheap carrier turned down a larger rival's offer.   JetBlue, which offered $33 per share in early April, is in a takeover war with Frontier Group Holdings for Spirit,...

After more than 30 years in Russia, McDonald's Corp announced on Monday that it will sell all of its restaurants, making it one of the biggest global businesses to leave since the country's invasion of Ukraine.   Following the transaction, the business expects to incur a non-cash charge of...

As money-focused TikTok accounts amass massive followings, staid banking institutions seek a piece of the action on youth-oriented social media sites.   Mark Tilbury (@marktilbury, 7 million followers), Humphrey Yang (@humphreytalks, 3.3 million), Tori Dunlap (@herfirst100k, 2.1 million),...