Storms Marco and Laura raging in the Gulf of Mexico have halted 82.4% of the region's oil production, the US Bureau of Safety and Environmental Control (BSEE) reported. “According to BSEE estimates, about 82.4% of current oil production in the Gulf of Mexico has been stopped... 56.92% of natural...

Negotiations are being held by investors of the Chinese technology firm ByteDance to use their stakes in the company for aiding in funding of their bid for acquisition of the United State operations of ByteDance owned popular short-video app TikTok, claimed reports quoting sources with knowledge of...

Johnson & Johnson (J&J) is aiming to further augment its portfolio of autoimmune disease treatments as the pharma giant has agreed to acquire Momenta Pharmaceuticals Inc in an all cash deal worth $6.5 billion, J&J said on Wednesday.   Momenta's experimental therapy, nipocalimab,...

The S&P 500 hit new highs on Tuesday with a rally in tech stocks, while the rest of the US stock market was subdued. The broader market index has traded near record highs for more than a week and nevertheless reached its first record close since February on Tuesday. The S&P 500 began trading...

The second quarter of the current year saw retailer Walmart Inc reporting its highest ever growth in online sales as consumers used the stimulus checks offered by the United States government to order everything online  - from electronics to groceries from their home as they remained inside...

After the tech giant Microsoft, another United States based tech giant Oracle has also joined the race to purchase the Chinese short video sharing app TikTok which has been threatened to be banned by US president Donald Trump unless its Chinese owner ByteDance divests the app to an American company...

American bank Citigroup Inc mistakenly paid about $ 900 million to creditors of Revlon Inc and is now asking them to return the money, writes The Wall Street Journal, citing knowledgeable sources. Lenders filed a lawsuit against Revlon in connection with the company's tactics regarding debt...

With developers challenging the commission policy of Apple for listing of apps on iOS devices, social media giant Facebook Inc also took a dig at the iPhone maker saying that its requests for waiving off a 30 per cent fee for listing its app was declined by its US tech peer.   This latest...

The Chinese company ByteDance was ordered by the United States President Donald Trump on Friday to sell off its interest in the video-sharing app TikTok's operations in the United States within a period of 90 days.   "There is credible evidence that leads me to believe that ByteDance ......