Xbox creator Microsoft completed its $69 billion acquisition of Activision Blizzard on Friday, bolstering its position in the video gaming market with top-grossing games like "Call of Duty" to more effectively fight with Sony, the market leader.   The largest gaming merger, first announced...

In light of the damaged memory chip market's tentative signs of recovery from a severe downturn, Samsung Electronics reported on Wednesday that its preliminary third-quarter profit fell by a smaller-than-expected 78%.   In contrast to a 1.4% increase in the overall market, Samsung shares...

Samsung Electronics' third-quarter profit is likely to be 80% lower than a year ago, as the impacts of a global chip oversupply cause losses in what is typically the South Korean tech giant's cash cow industry.   On Wednesday, the world's largest manufacturer of memory chips, smartphones,...

With China's Country Garden Holdings , the country's largest private property developer, deals with debt restructuring, it stated it may not be able to satisfy all of its offshore payment obligations when they are due or within the necessary grace periods.   "Such non-payment...

Citigroup Inc announced on Monday that it has agreed to sell its China consumer wealth portfolio to Asia-focused HSBC Holdings Plc, which includes clients, assets under management (AUM), and deposits.   The transaction will cover approximately $3.6 billion in deposits and investment AUMs and...

When Arm Holdings, the semiconductor company that enables artificial intelligence, went public this month, venture capital juggernaut Softbank realised a profit of more than $15 billion on its 2016 acquisition of Arm Holdings. But fewer investors are aware of Softbank's "other"...

Lee Rees, 43, a cryptocurrency trader located in London, made a nice income off of momentary price variations in the crypto market on a select few exchanges, one of which was FTX.   Rees lost $100,000, or roughly half of his annual income, when FTX crashed last year.   "It affected my...

Exxon Mobil and Pioneer Natural Resources are in advanced negotiations for a merger that would value the Permian shale basin producer at around $60 billion, according to people familiar with the situation.   The acquisition would increase Exxon's presence in one of the most lucrative areas...

The UK's media regulator on Thursday requested an investigation into the dominance of Microsoft and Amazon in the UK cloud industry by the nation's antitrust authorities.   Ofcom claimed to have found characteristics that made it more challenging for UK enterprises to work with numerous...

Earlier this week, , a New Jersey appeals court overturned a jury's $223.8 million judgement against Johnson & Johnson in favour of four plaintiffs who contended that exposure to asbestos in the business's talc powder products caused them to acquire cancer.   A lower court judge should...

After the airline announced a financial restructuring on Tuesday to avoid bankruptcy, enlisting significant new investors and wiping out the stakes of its more than 250,000 owners, SAS shares plunged by as much as 95% on Wednesday.   Midway through 2022, the largest carrier in Scandinavia...