As was expected and reported widely, the European Union opened up a second front against Google that could lead to large fines if found guilty as the European commission charged the U.S. technology giant with abusing the dominant position of its Android mobile operating system on Wednesday.  ...

As the race to develop internet-connected cars picks up pace, Hyundai Motor has joined the ranks of global carmakers turning to new technologies partnering with US-based Cisco Systems.   As part of a long-term push into driverless vehicle technology the South Korean carmaker this month...

Interest in buying a majority stake in Yum! Brands Inc.’s China business, which runs more than 7,100 KFC and Pizza Hut eateries across the nation has been expressed by a consortium backed by sovereign fund China Investment Corp, reported Bloomberg.     Quoting people with knowledge...

Amidst strong global economic headwinds that include concerns over near-zero interest rates, a slowdown in China and decade low oil prices, many of the  global banks, and especially large banks based in the US have had a tough start to the year.   Citigroup seems to be the latest...

For its planned sale of 2,800 restaurants in North Asia, McDonald's Corp is targeting private equity firms, including Bain Capital, MBK Partners, TPG Capital Management and Chinese state-backed conglomerate China Resources (Holdings) reported Reuters citing sources.   By planning to bring...

With earnings apparently lifted by healthy appliance sales and falling television panel prices, South Korea's LG Electronics Inc said that its first-quarter operating profit likely rose 66 percent which points to its best quarter in nearly two years.   The company expects a first-quarter...

Eyeing a plan to buy the troubled U.S. Internet pioneer to help boost advertising revenues from the Mail's globally popular online news site, Britain's Daily Mail is in talks with potential partners to mount a joint bid for Yahoo's internet assets.   It was in early stage discussions with...

Succumbing to mounting losses and intense competition from fast-fashion retailers and online rivals, teen apparel retailer Pacific Sunwear of California Inc filed for Chapter 11 bankruptcy protection on Thursday.   The company said in a statement that it plans to be taken private by...

Flagging an issue that also affects General Electric and other U.S. companies that depend on the agency's export financing, Boeing chief executive said that a delay in appointing U.S. Export-Import Bank board members threatens to cost Boeing Co sales.   Boeing Chief Executive Dennis...

As part of a plan to save more than $1 billion annually following its merger with networking hardware rival Alcatel-Lucent SA, Nokia will reduce as much as 14 percent of its workforce and would be cutting jobs across the globe.   There were reports in the media quoting people familiar with...

Resolving years of litigation over the worst offshore spill in the US history, a federal judge in New Orleans granted final approval on Monday to an estimated $20 billion settlement over the 2010 BP oil spill in the Gulf of Mexico.   $5.5 billion in civil Clean Water Act penalties and...