One of the largest US oil and gas companies, Chevron, announced purchase of Anadarko Petroleum, one of the key producers on the shelf of the Gulf of Mexico. The transaction will amount to $ 33 billion, or $ 65 per share, Chevron’s report says. It is reported that Anadarko shareholders will receive...

Apple Inc. and Qualcomm Inc. agreed to complete all legal proceedings, thus putting an end to the long-standing litigation. The agreement between the two companies provides that Apple pays a certain amount in favor of Qualcomm. In addition, Apple and Qualcomm entered into a license agreement for...

After waiting for a period of five years for a strategy to make money in Latin America and the interior of China, US automaker General Motors Co is now set to reap the benefits. This refers to its project that was code-named GEM – a short form for Global Emerging Market.   Two small SUVs...

The cheaper versions of the Model 3 electric cars from the United States electric car making company Tesla has now been opened up for sale in the European markets and China. This is the model that the car maker has pinned its hope on to break its jinx in the industry and become profitable.  ...

The market for used cars is very popular in Africa as it is one of the ore affordable ways of owning a car in the continent.   These used cars, primarily imported from countries like Japan or the Middle East, is however proving to be a hurdle for big carmakers and one that needs to be...

The Bayer-owned US company Monsanto is facing another legal battle over health issues from its products – this time in France. A French court has ruled that the company was liable for a man falling sick in the country after he had inhaled one of its weedkillers.   The case which has been...

The chief executive of Uber will have to convince the investors for a successful investment into IPO shares. Uber Technologies Inc revealed its decision of selling its stock worth “$10 billion” in its initial public offering, while the registration is likely to take place this week itself. With...

Tesla and Panasonic have temporarily abandoned the idea of increasing production at Gigafactory 1, the world's largest factory for the production of batteries for electric vehicles, according to Nikkei. The agency sources report that the joint venture partners planned to increase capacity of the...

Levi Strauss & Co., the manufacturer of denim clothing, published the first quarterly report after entering the public market. Last year, the company showed an increase in revenue and profits. The current financial year also began with positive indicators. In the first quarter, Levi Strauss...