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...

Days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company, Nestle plans to buy back as much as 20 billion Swiss francs ($20.8 billion) worth of shares over three years, it said.   When it started pushing for Nestle to more aggressively boost...

Following the state-owned Gulf airline – Qatar Airline's overture to buy shares in American Airlines, the chief executive of American, in a letter to the employees, said that he is not "particularly excited" about Qatar Airways' interest in buying up to 10 percent of the U.S. carrier's shares....

In a move that not many people could have predicted, an unsolicited offer from Qatar Airways about the Middle Eastern airline's intention to acquire at least a 10 percent stake in American Airlines was received recently, the airliner said on Thursday.   American said in a statement that...

In a disappointing end to a once-great European tech success story, putting itself up for sale was Imagination Technologies, the British firm that lost 70 percent of its value after being ditched by its biggest customer Apple.   It was developing its own graphics chips and would no longer...

In what is considered to be the Swiss food group's latest effort to improve the health profile of its sprawling portfolio, Nestle may sell its roughly $900 million-a-year U.S. confectionery business, which includes Butterfinger and BabyRuth, reported Reuters.   Including a possible sale, for...

DuPont and Dow Chemical Co will have to sell certain crop protection products and other assets, and this is the condition that the companies have been given as they have won U.S. antitrust approval to merge, according to a court filing.   In a deal that they struck with European regulators...

Breaking into the Juniper and Cisco dominated core router market and giving its existing network business a boost, Nokia launched the world's fastest network chips.   The Finnish company said that greater demands of next-generation mobile communications, cloud-based internet services and...

As Boeing Co seeks to make its business more responsive to customers and the needs of the customers, the world's largest plane maker says that cut about 50 executive positions and would restructure its defense, space and security (BDS) division into smaller units, the company said on Tuesday....