July 15, 2014 10:34 (IST)
As Chinese e-commerce giant Alibaba expands beyond online retail, it is shaking up staid state banks -- and drawing regulators' attentions -- after 100 million customers poured more than $90 billion into its investment product.
Taipei | July 03, 2014 19:53 (IST)
Shares of HTC ended up 0.4 per cent ahead of the earnings release, in line with a rise in the benchmark index.
London | June 16, 2014 16:13 (IST)
Vodafone said it would offer 1.49 euros a share to buy out the shareholders in the Italian group. Cobra's majority shareholder Intek Group said in a statement it had agreed to tender its 51.4 per cent stake in Cobra for 74.3 million euros.
London | May 15, 2014 16:26 (IST)
The London-listed group, dragged into India's tax crackdown on foreign companies in January, also announced on Thursday that the financial damage resulting from the tax authorities' freeze on its $1.1 billion of Indian assets will be assessed by the company in August.
May 15, 2014 13:08 (IST)
Vedanta's stock fell as much as 4.5 per cent to 941 pence in early trading on Thursday, making it one of the biggest percentage losers on the FTSE-250 Midcap Index.
Washington | May 14, 2014 22:21 (IST)
Apple and Samsung have been litigating around the world for three years, each accusing the other of infringing patents in making smartphones and other mobile devices. Neither side has scored a crippling sales ban.
Tokyo | May 09, 2014 10:30 (IST)
Japanese automakers have been big winners over the past year as a sharp drop in the yen inflated their repatriated profits, with results accelerating on the back of stronger demand in key markets including the US and China.
San Francisco | May 01, 2014 07:34 (IST)
Facebook generates the bulk of its revenue from ads that appear on its own Web pages and within its own mobile app. By distributing ads across a constellation of independent mobile apps, Facebook effectively expands its advertising space, opening the door to more revenue.
April 24, 2014 10:28 (IST)
Buffett said he and partner Charlie Munger did not want to vote against the plan because he did not want to show disapproval of management, adding that he has enormous respect for Coca-Cola's chief executive, Muhtar Kent.
April 18, 2014 07:40 (IST)
In 2009, John Mack, then chief executive of Morgan Stanley, agreed to buy Citigroup's Smith Barney retail brokerage business over time, a deal that closed in the middle of 2013. With that purchase, about half of Morgan Stanley's annual revenue comes from wealth and investment management, which tends to fluctuate less than trading revenue.
San Francisco | April 17, 2014 07:37 (IST)
Google's core Internet business revenue climbed 19 per cent to $15.42 billion in the first quarter from $12.95 billion in the year-ago period.
New York | April 10, 2014 07:24 (IST)
Canada's BlackBerry, which has lost most of the smartphone market to Apple Inc's iPhone and gadgets powered by Google Inc's Android operating system, has laid off about 9,500 employees, or more than half its work force over the last three years, as it has rushed to cut costs in the face of mounting losses.
Wellington | April 08, 2014 07:50 (IST)
New Zealand's Steel and Tube ltd is to acquire the local business of Tata Steel, the company said on Tuesday.
April 01, 2014 07:51 (IST)
The company also said on Monday it expects to take a charge of up to $750 million in the first quarter, primarily related to recalls announced in the quarter. This includes a previously disclosed $300 million charge for three recalls announced on March 17, and the ignition switch recall on February 25.
San Francisco | March 28, 2014 07:49 (IST)
Facebook is following in the steps of Google Inc, the world's largest Internet search engine, whose Google X division is working on a variety of so-called "moonshot" projects including self-driving cars and wearable computers.
March 28, 2014 07:39 (IST)
Wal-Mart contends that that the way Visa set swipe fees violated antitrust regulations and generated more than $350 billion for card issuers over the nearly 9-year period in question, in part at the expense of the retailer and customers.
March 27, 2014 08:30 (IST)
S&P has complained that the government sued in retaliation for its 2011 decision to strip the United States of its "triple-A" rating, a downgrade that it said was prompted by concern about Washington's ability to manage the country's debt.
San Francisco | March 27, 2014 08:18 (IST)
Amazon, which pioneered public cloud computing in 2006, remains a dominant force in the industry. Its fast-growing AWS business helped transform the company from traditional online retailing into a tech industry giant, and is often cited by investors as a major pillar of its future growth.
Washington | March 27, 2014 08:06 (IST)
The regulator of Fannie Mae and Freddie Mac, the Federal Housing Finance Agency, had accused the bank of misrepresenting the quality of loans underlying residential mortgage-backed securities purchased by the two mortgage finance companies between 2005 and 2007.
New York | March 26, 2014 07:51 (IST)
The amount received depends on how many books a customer bought that were published by defendants. Customers are eligible to receive $3.17 for each New York Times bestseller and $0.73 for each non-New York Times bestseller.