By announcing that it would halt deliveries of power equipment to Russian state-controlled customers and review supplies to Russian subsidiaries, Germany's Siemens moved to distance itself from a Crimean sanctions scandal.   Confirming a series of Reuters reports over the past weeks, the...

The Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts as part of its review of Amazon's agreement to buy Whole Foods, reported the media citing a source reportedly close to the probe.   The advocacy group Consumer Watchdog found...

As a part of its push to attract younger viewers who tend to watch TV on mobile devices, Comcast Corp's NBC News is launching a twice-per-day news show on Snapchat, the company said on Wednesday.   As it seeks to boost its digital offering, during the initial public offering by Snap Inc,...

Beyond its present state of targets, Credit Suisse begins work this month on planning for its other strategic priorities, Chief Executive Tidjane Thiam said in a memo to staff, according to news reports in the local media.   While Thiam told the staff of the organization that preparation...

Riding on a strong loan growth and higher interest rates, JPMorgan Chase & Co reported a better-than-expected quarterly profit. However, its shares went down after the bank said that the net interest income for the year would be lower than expected.   Auto loans, an area where some...

With the aim of expanding its operations further across Asia and North America, Fintech app Revolut has raised $66 million in a venture capital investment.   Bringing its total investments up to $83 million by raising money through a Series B venture capital, the London-based business plans...

U.K. based Imagination Technologies Group Plc, one of Apple’s graphic chip suppliers was announced to be replaced by the iPhone maker recently and the U.K. chip maker had put forward a timeline of events leading up the disclosure. However, Apple Inc has now disputed that timeline by Imagination...

In what is a deal that would be worth a total of almost $23 billion at list prices, aircraft maker Airbus announced on Wednesday that it has signed an agreement to sell 140 aircraft to China.   Airbus said that a total of 100 A320 family aircraft and 40 A350 planes would be included in the...

With soaring memory chip sales pushing it past Intel Corp as the biggest semiconductor maker by revenue for the first time. Samsung Electronics Co Ltd is expected to report its best-ever quarterly profit in the second quarter.   The chip industry has seen a super-cycle amid limited supply...

The first major traditional automaker to set a date for phasing out vehicles powered solely by the internal combustion engine is Volvo as the Chinese owned company announced that all of its car models launched after 2019 will be electric or hybrids.   While its move signals the eventual end...

The prospect of a Washington-supported sale or bailout for the nuclear firm was raised as the U.S. administration has told India that Westinghouse Electric Co will emerge from bankruptcy and be sold by the year end, sources have said.   A shadow over the nuclear industry was cast after...