The price war on the US mobile phone market stopped. After years of price reduction and shocking marketing offers, four of the country’s largest operator published results for the II quarter of 2016, indicating that prices have stabilized. Current steady position is linked to the fact that...

Board of Directors of brewer SABMiller approved a purchase proposal with increased costs from Anheuser-Busch (AB) InBev. Thus, the main obstacle on the way to merger of the two brewing giants has been overcome. Earlier last week, AB InBev sent to SABMiller an offer with the new conditions to...

In the II quarter of 2016, the world’s and US largest oil company Exxon Mobil Corp. reduced net profit by 59% due to the continued low commodity prices and deteriorating refinery margins. US oil company Chevron Corp., second in terms of capitalization and revenues in April-June unexpectedly...

An agreement has been made between Sony & Murata to mutually benefit from the purchase deal. On Thursday, the 28th of July 2016, Sony Corp has come to an agreement, whereby it has decided to “sell a portion of its battery business to Murata Manufacturing Co Ltd”. The said move has been taken by...

Today, one of the leading banks of the world financial system, Deutsche Bank, reported a fall of its quarterly earnings by 98% to € 20 million. This sharp drop in profits was caused by the bank's anti-crisis restructuring programme, sale of the assets and litigation. After the statement was...

After the changes made by AB InBev in its offer, the deal may be cracking soon, think analysts. Anheuser-Busch InBev hiked up its bid by “$100 billion-plus” for buying its “rival brewer SABMiller”. However, Brexit has caused the interest of investors on the said offer to shrink, which threatens “to...

With a sale that could potentially fetch at least $400 million, McDonald’s Corp. is planning a sale of 20-year franchise rights in Malaysia and Singapore if reports and sources with knowledge of the matter are to be believed.   Sources who did to want to be identified because the information...

With the aim to expand its digital advertising and media business, ending a lengthy sale process for the fading Web pioneer, Verizon Communications Inc said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash.   As Verizon gains access to Yahoo's ad...

The Government of India is considering a merger of 13 state-owned oil companies. The Government of India is planning to start consulting on a merging 13 state-owned oil companies in one giant corporation, writes The Economic Times, citing sources. According to the publication, the Ministry of Oil...