Following another quarter of high returns driven by its software business and Azure cloud computing services, the shares of Microsoft Corp were set to open at a record high on Friday.   There was a 4 per cent increase in the shares of the company in trading before the bell to touch $108.50...

Following a £85m hit on an investment made in Debenhams, the struggling UK based department store chain, there has been a dip of nearly three quarters in the profit of the UK retailer Sports Direct.    There was 72.5% drop in pre-tax profits of the sportswear retailer that was founded...

The Volkswagen Group reported its highest sale ever on record for the company for the first half of the year as the Wolfsburg-based carmaker saw its global sales rise significantly.    Between January and June 2018, the Volkswagen Group noted an increase of 7.1 per cent compared to the...

Airbnb has been given a time per4iod of until the end of Summer by the European Commission to stop a number of its practices as the company has bene found to in violation of EU law. The practices include application of belated additional fees to promoted prices displayed by it online.   The...

Higher sales of rare-disease treatments derived by the company following the acquisition of Actelion and cancer drugs Zytiga and Darzalex propelled the quarterly profit and revenue of Johnson & Johnson to leave behind the market expectations as it reported its results on Tuesday.   There...

A call to the US governments for controlling the use of facial recognition technology has been given by Microsoft and has demanded that laws be framed for its acceptable usage.   Microsoft president Brad Smith urged the US government to set up a congressional bipartisan “expert commission”...

Facebook, faced with criticism from regulators and government around the world including from its home market of the United States, about fake news and harmful ads, has announced that it is undertaking a number of measures which would allow the company to disclose more data and information about...

In what is the biggest event for the steel industry of Europe in over a decade, a final agreement has been signed between Germany's Thyssenkrupp and India's Tata Steel for creating a joint venture that has been in the pipeline for quite some time now.   The two companies have been...

With the focus of Novartis now shifting to prescription drugs, the Swiss company has planned the spin off its Alcon eye care business among shareholders as well as a share buyback program of up to $5 billion in stock.   Ever since Alcon was bought for $52 billion in 2011it has presented...

The shareholders asked the management of ZTE Corp about who should be blamed the company landing in dire straits.   This was in relation to the company’s share price falling by over 60 per cent after export ban on the company by the US administration.   The explanation reportedly...

Branches in the fastest growing markets is being shut down by Citibank but that measure would only help the American banking group to do better than ever.   In the first three months of 2018, the bank registered its seventh straight quarter of growth in the Asian market which is its largest...