U.S. Oil refining company Andeavor would be acquired by Marathon Petroleum Corp. in a deal valued at $23.3 billion. This deal will result in he creation of the largest fuel manufacturer in the U.S.   While Andeavor’s refineries and pipelines are situated in western states, Marathon is...

There has been a social media outrage against Amazon.com’s Whole Foods Market after the retailer decided to enter into a partnership with an Asian restaurant that has the racially charged name of Yellow Fever in the newest store of the retailer.   There has been controversy because the name...

A deal that would create the largest supermarket operator in Britain is being mulled by U.K. grocer J Sainsbury Plc. According to reports citing source information from the company, Sainsbury is contemplating acquiring its rival Asda from the current owners of the supermarket chain – WalmartInc. Of...

Internet company Amazon announced more than twofold increase in profits in the first quarter. Such indicators have surprised many analysts, who expected a reduction in profits due to the company's significant expenses on new projects. However, Amazon's cloud business and Internet advertising more...

Comcast hasn’t given up on its attempt of taking over Sky, in spite an “already agreed” bid between Sky and Fox. Comcast Corp is a cable company of the United States which made an offer of “22 billion pound ($31 billion)” for “pay-TV group Sky”, on Wednesday, 25 April 2018. This bid of Comcast over...

This morning, the Norwegian oil company Statoil reported on the results of its activities in the first quarter. The quarterly profit has been a record since 2014 due to the recovery in oil prices and the growth in the production of petroleum products. Experts do not exclude that the results of...

An analyst estimates that Apple is likely to discontinue manufacturing of its iPhone X from this year id the earnings of one of the top suppliers of the company is any indication.   The revenue target for the full year was revised to its lower end of the target set by Taiwan Semiconductor...

One of the oldest online photo stocks, Flickr, bought by Yahoo in 2005, is sold to a competitor – Smugmug, the oldest professional service for sharing photos. The new owner’s business model is very close to that of Flickr. The information appeared on Twitter of Smugmug’s founder and CEO Don...

Procter & Gamble Co (P&G) would be able to provide greater exposure to its vitamin brands such as Seven Seas in regions of Latin America and Asia by the deal where it has announced the takeover of Merck KGaA’s consumer health unit for 3.4 billion euros ($4.2 billion).   The portfolio...