Alibaba Group is going to combine its units related to food delivery in order to consolidate resources to strengthen competition with Meituan Dianping for dominating the fast-growing service market in China, Reuters reports citing sources. Chinese Meituan Dianping is ranked 4th in the list of the...

There is a soaring demand for the services of consultants offering services ranging from management to logistics even as companies from the U.S. and China seek out outside expertise to find out ways to handle the impact of the escalating trade war between the two largest economies of the world....

According to one oil market analyst, the heightened fears of supply side shock is clouding the global crude oil market as predictions are being issued that the price of crude could touch $90 a barrel because of the potential US sanctions on Iran.   "As we go more towards (the fourth quarter)...

A nineteen percent of rise in the Toyota’s first quarter profit has been announced. On Friday, August 03, 2018, the Toyota Motor Corp reported a 19% increment in the “first-quarter profit”, whereby leaving behind estimates it rode ahead on the sales growth seen in Asia coupled with “cost reductions...

Greenlight Capital fund owned and managed by billionaire hedge fund manager David Einhorn underwent heavy second-quarter losses because of the sharp losses in Tesla shares. Einhorn had bet against a sharp rally in the shares of the company, he told investors. He also maintained the low outlook for...

Apple increased its capitalization to a record $ 990 billion. The results of the last quarter brought Apple closer to a trillion-dollar capitalization. After the results were published, the company’s shares jumped by 6% on Wednesday, despite the fact that Apple lost to Huawei second place in the...

In the first fiscal quarter, Japanese Sony increased net profit by 2.8 times due to good sales of electronics, PlayStation consoles and components for smartphone cameras, as well as the sale of shares in Spotify Technology SA. As reported in the company's press release, its net profit in April-June...

The self driving truck units is being closed by Uber.   The company now wants to only focus on its self-driving efforts, Uber announced on Monday.   "We believe having our entire team's energy and expertise focused on this effort is the best path forward," said Eric Meyhofer, head of...

Credit Suisse beat market analysts’ estimates for net income its second quarter of the current year by a healthy margin. The lender reported a net income of 647 million Swiss francs ($655.33 million) during the aforesaid period against a market expectation of around 550 million Swiss francs....