Boosted by its Genzyme division, is confident Medivation shareholders will back its proposed takeover of the U.S. cancer drug company, Sanofi, reported higher quarterly profit on Friday.   Setting up what could be a lengthy battle with a $9.3 billion offer to buy Medivation after it...

Ford is working on the assumption that its major rivals in the future may not be General Motors or Chrysler but Google and Apple, the chief executive of the company has revealed.   The chief executive also added that the latter – Apple is probably building a car.   "Our working...

Approval for a deal that would create the second-largest U.S. broadband provider and third-largest video provider was given by the U.S. Justice Department on Monday. The antitrust approval was given to the merger to Charter Communications Inc's proposed purchase of Time Warner Cable Inc and Bright...

In an effort to consolidate brands and drive cost savings that can improve the financial standing of print and digital newsrooms nationwide, there has been an offer to buy Tribune Publishing, owner of the Los Angeles Times and Chicago Tribune by Gannett, publisher of USA Today and dozens of...

A Chinese entrepreneur is planning to usurp Tesla Motors, a U.S. pioneer in premium electric vehicle (EV) making and intends to re-engineer the automobile industry.   Jia Yueting, a billionaire and one of a new breed of Chinese entrepreneur.   "Tesla's a great company and has taken...

Volkswagen (VW) said on Friday that it would slash its dividend to help pay for its emissions-test cheating scandal and take a 16.2-billion-euro ($18.2 billion) hit to its 2015 results.   With Germany-based automakers including Mercedes-Benz, and Opel - as well as VW - agreeing to recall a...

After Beijing introduced regulations in March imposing strict curbs on online publishing, particularly for foreign firms, Apple Inc's online book and film services have gone dark in China, reported Reuters.     A message in Chinese saying Apple's iBooks Store and iTunes Movies services...

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...