Shares of India's Adani group continued the downward slide on Thursday following the Gautam Adani-led conglomerate deciding to shelve a $2.5 billion share sale because of a volatile market. By the end of Thursday, the group witnessed the wiping off of a total of $100...

Exxon Mobil Corp announced a $56 billion net profit for 2022, earning about $6.3 million per hour last year. The numbers not only set a record for the company but also a historic high point for the Western oil industry. Global oil companies are anticipated to break their own...

Intel Corp announced broad salary cuts for employees and executives on Tuesday, just a week since the firm had announced a lower-than-expected sale revenue forecast due to a loss of market share to competitors and a slowdown in demand in the PC market.   ...

Weeks after rival Tesla Inc. decreased pricing on its electric vehicles globally by as much as 20%, Ford Motor Co. reduced costs of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle.   Ford's stock fell 2.9% in above-average trading to close at $12.89. Tesla dropped...

Bed Bath & Beyond Inc. is planning to file for bankruptcy protection as soon as this week and has lined up liquidators to close further stores in the event that no last-minute buyer materialises, according to a report from Reuters quoting information from four people with knowledge of the...

India's Adani Group released a comprehensive rebuttal to a Hindenburg Research report that triggered a $48 billion drop in its stock, claiming that the conglomerate companies with all local laws and have made all required regulatory disclosures.   The conglomerate led by Asia's richest man,...

The original and presumably most aesthetically pleasing "Jumbo Jet," Boeing's 747, changed the face air travel, only to have its more than five-decade reign as "Queen of the Skies" finished by more efficient twinjet planes.   On Tuesday, the last commercial Boeing jumbo in the remaining...

The aerospace company and Britain's top blue-chip engineering group Rolls-Royce, issued a warning to employees that the firm was a "burning platform", according to its CEO, which resulted in the stocks of the company falling by as much as 4% on Friday.    According to a report...

The much worse than expected results and dismal earnings projections compared to expectations of Wall Street resulted in the stocks of the semiconductor chip giant Intel being routed as the company lost about $8 billion from its market value on Friday. The results reported by Intel resulted in...

Tesla Inc's electric vehicles are expensive to repair, so the automaker and insurers are approaching the issue in diametrically opposed ways.   Elon Musk, Tesla's CEO, has stated that the company is making design and software changes to its vehicles in order to reduce repair costs and...

Adani Enterprises' shares fell 20% on Friday after a damning report by a US short seller sparked a sweep in the conglomerate's listed firms, raising questions on how investors will react to the company's record $2.45 billion secondary offer.   Seven listed Adani conglomerate...