The treat of a shut down some or all of General Motors’ North American plants was averted after a settlement was reached between GM and an insolvent Massachusetts parts supplier. The struggles of the parts supplier had caused concerns of a complete shutdown which was averted by the US automaker,...

Following a string of accidents and the death of a driver riding a self driven car in the US and the US regulatory body investigating at least one such incident, Nissan Motor Co Ltd launched a suite of semi-autonomous driving functions on Wednesday.   However the Japanese car maker also...

As part of its plans to boost corporate banking revenue, winning a bigger share of business from "emerging market champions" in Asia, including rapidly growing Internet firms is the latest strategy and focus of Citigroup Inc looks as reh company is taking steps to sharpen its focus.   Gerald...

As the U.S. regulators increase their scrutiny of autonomous vehicles and call for greater proof of safety measures to be shown by auto makers, Alphabet Inc's Google self-driving car project appointed its first general counsel, the company said in a statement.   In the states of Texas,...

Just days after the Swedish company IKEA was slammed by Chinese media for operating a "double standard" in the world's most populous country, the Swedish company will recall its Malm dressers and chests in China, said the country's consumer watchdog.   For safety reasons, IKEA would recall...

Amazon and Wal-Mart are at loggerheads once again.   Wal-Mart is eliminating the $50 minimum spending requirement for shoppers to receive free shipping on their online orders just hours before Amazon's second Prime Day sales event, a self-invented holiday that offers exclusive deals for...

Starting with pricing pressure in the U.S. market and a stagnant share price, the management of Harley-Davidson Inc is back to dealing with more basic problems after the shares of the company took a wild ride last week on unconfirmed buyout rumors.   For much of the year the share price of...

Competing offers for the Medicare Advantage insurance plans have been made by WellCare Health Plans Inc and Centene Corp. Aetna Inc looks to shed the plans in seeking clearance for its acquisition of Humana Inc, reports news agency Reuters.    At the centre of Aetna's efforts to win...

Driven by strong contributions from its mainstay home appliances and television set businesses, South Korea's LG Electronics Inc said that its second-quarter operating profit likely reached a two-year high.   The April-June profit was likely 585 billion won ($504 million), compared with the...

A man who said he developed testicular cancer from exposure to a toxic chemical used to make Teflon at one of DuPont’s plants has been awarded an additional $500,000 in punitive damages by U.S. jurors.   A lawyer for the plaintiff said that the ordered was passed on Friday against DuPont....

Keeping in mind the increasing trend among customers who are increasingly streaming content through mobile devices, Verizon Communications Inc, the No. 1 U.S. wireless provider, said that it would expand data buckets by 30 percent for its customers but would at the same time increase plan rates for...