Lyft, specializing in call drivers, hired investment bank Qatalyst Partners. The latter is known to help technology companies find buyers for their business, said sources familiar with the situation. According to them, Qatalyst Partners’ founder and CEO Frank Quattrone have already consulted on...

Sotheby's failed to sell the largest natural diamond found in more than 100 years. Diamond Lesedi la Rona is equal in size to a tennis ball. The gem weighs 1109 carats, or about 222.2 grams. Its price was expected to reach $ 86 million, which would make it the most expensive gemstone in history....

Japanese Line company, which messenger competes with WhatsApp, is preparing an initial public offering on two exchanges in Tokyo and New York. Market volatility that followed the British referendum on the country's exit from the EU (Brexit), had no effect on Line plans. It is expected that the IPO...

Two major Chinese steel companies included in the country’s top-100 rating today announced their restructuring plans. Details have not been disclosed, reports "Xinhua". At the same time, the United States has introduced limited access regime to its market for Chinese steelmakers. Companies Wuhan...

Texas, US, oilman Chris Faulkner has been accused by the SEC of cheating investors out of $80 million to fund a "debauched" jet-setting lifestyle. Faulkner built a high-profile public persona and raised millions for his oil and gas ventures.   Allegations of a stunning failure of corporate...

After the death of actor Anton Yelchin involving a Fiat Chrysler’s Jeep Grand Cherokee, the company has announced speeding of the fix for the recalled 1.1 million vehicles. The car maker announced that the process for software fixing was being speeded up for rollaway risks like the recalled Jeep...

Even though more than the $2.8 billion value of the proposed deal off Tesla's market capitalization was chopped off as Tesla Motor Inc.’s shares fell a day ago on news of the takeover of solar power company SolarCity Corp, some of the US electric car maker’s biggest investors have signaled support...

According to Capgemini, the number of rich people and their fortune in the region increased during 2015 by 9.4% and 9.9% respectively. At the end of 2014, North America managed to stay on top in terms of income millionaires, but now it has lost this status. Asian millionaires are now superior to...

The Microsoft 4k gaming world will support virtual reality, while Sony’s VR headsets will turn the experience more exciting. The Microsoft Corp has revealed the details of 'Project Scorpio' which deals with a “new Xbox console”. The same has been designed to support the virtual reality of...