The South Korean conglomerate Lotte Group, which chairman was released from custody this month, revised the five-year investment plan just two years after its initial announcement. Now Lotte plans to spend 50 trillion won ($ 44.05 billion) until 2023, Reuters reports. Earlier, the conglomerate...

Shares of Swedish truck maker Volvo went for a down spin after the auto maker estimated that there would be a decline for its vehicles – especially trucks, in the important markets of Europe and China. Investors engaged in selling of the company stocks on fears and assumptions that demand in these...

The net profit of the American oilfield services company Halliburton Inc., attributable to the parent company, increased 2.7 times in January-September 2018 and amounted to $ 992 million, follows from the company's statements. The net profit of Halliburton per ordinary share in the reporting period...

US banker JP Morgan Chase wants to attract more talent from the Silicon Valley and is planning to open up a fintech campus in Palo Alto, California, for this purpose.   It is expected that there would be over a 1000 employees at the campus which is set to be begun early next year and get...

The net profit of American Schlumberger, the world's largest service company in the field of oil and gas, amounted to $ 1.628 billion in the first nine months of 2018, which is 2.1 times more than in annual terms, the company said in a press release. Diluted earnings per share were $ 1.15 versus $...

Since 2010 The American banking giant Bank of America has reduced staff by 30% to 204 thousand employees (as per Q3 2018 statistics) due to development of technology and automation of work processes, the bank’s general director Brian Moynihan told CNBC. "We had 288 thousand people when I took the...

High-tech defense companies Harris Corporation and L3 Technologies announced a $ 33.5 billion merger. The new company will be the seventh largest defense contractor in the world, beating companies such as Airbus, and approaching such giants as Boeing, General Dynamics and Northrop Grumman. The...

Facebook confirmed that the earlier through figure of 50 million estimated for data breach of its users was not accurate. The social media platform put the estimate at 30 million in what is being identified as one of the worst security breaches for the company.   However, the company also...

Expanding economy and lower taxes drove the third quarter profits up by double digits for the three of the largest U.S. banks as all of them forecast continued growth under the condition of the continuance of the current business trends.   The third quarter saw a strong demand for loans...