Since for the fact that the profit growth of China’s Xiaomi will be driven by sales from smart home devices as well as revenue from its software eco-system, therefore the sharp drop in smartphone sales for the Chinese company will not have a major impact on the company, reported the media quoting a...

As the U.S. website domain name provider GoDaddy attempts to expand and seek new ways to generate higher-margin businesses beyond the initial set-up of websites, it intends to buy peer Host Europe Group (HEG) and the media reported, quoting people who had knowledge about the matter, that it is in...

Affiliate Samsung SDI is quietly reassuring anxious clients including Apple Inc that its batteries are safe, while in the shadows of Samsung Electronics' Note 7 smartphone crisis.   But as Samsung's biggest in-house parts supplier grapples with the reputational fallout from the Note 7...

After a seven-year ban, Facebook Inc hopes that it can get back access to the Chinese market. Sources in the company, the largest social media platform in the world, were quoted by the New York Times reported on Tuesday that saying that Facebook has quietly developed a censorship tool that could...

Stepping up a war for sales in a market segment dominated by U.S. rival Boeing, Airbus is preparing to stage the maiden flight of its largest twin-engined airplane, the A350-1000.   As the dominant planemakers vie to outdo each other in size and efficiency in a category expected to generate...

To claw back pay of former executives at Wells Fargo & Co after a phony-accounts scandal, a leading U.S. bank regulator reversed course and repositioned the agency.   The Office of the Comptroller of the Currency, the main regulator for federal banks said that the lender must also now...

According to newly filed documents with the U.S. Federal Communications Commission, private rocket launch service SpaceX is requesting government approval to operate a massive satellite network that would provide high-speed, global internet coverage.   The documents filed shows that the a...

Senior advisers at Royal Bank of Scotland were still discussing whether its financial figures were potentially misleading for investors, court documents allege just hours before the bank launched a massive cash call in 2008 to shore up its capital.   According to the "particulars of claim"...

A deal to acquire a significant minority stake in Infor Inc that will value the business software company at roughly $10 billion is nearing as the private investment arm of Koch Industries, the industrial conglomerate of the billionaire Koch brothers, is plans the takeover, reported Reuters quoting...

Weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder, American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday.   As the retailer struggles to overcome years of losses and rising...

Following concerns that may have violated a new data transfer pact, a secret court order Yahoo used to scan thousands of customer emails for possible terrorism links is now under the scanner of the European Commission as the commission has asked the United States about the court order.   Due...