For the first time in history, the market of smartwatches fell in the II quarter 2016 yoy due to a sharp drop in sales of Apple Watch, according to preliminary data gathered by International Data Corporation research company (IDC). Sales of smartwatches in April-June decreased by 32% to 3.5 million...

In a call-back that would cost General Motors Co $550 million, the U.S. automaker would be forced to recall another 4.3 million vehicles for potentially defective Takata air bag inflators due to sustained pressures from US regulators. The U.S. automaker said this in a statement on Thursday.  ...

Another "crazy idea": talking cars that can read a driver's emotions, is the new engagement of SoftBank Corp founder Masayoshi Son. This new potential venture flows very fast on the heels of the $32 billion takeover of chip designer ARM Holdings by SoftBank announced earlier this week.   ARM...

After agreeing to unload beer assets and preserve competition from independent craft brewers, Anheuser-Busch InBev and SABMiller received approval for their $107 billion merger from U.S. antitrust regulators.   The Department of Justice had derailed several recent mega-mergers over antitrust...

Yahoo! disappointed investors once again. The company lost $ 536 million in the first six months of 2016 against a profit of $ 2.984 million for the same period a year ago. Revenue for the quarter was $ 1.31 billion, which is 5% higher than the same period last year ($ 1.24 bln.). However, after...

The shares of Microsoft’s up more than 4 percent in after-hours trading, the company’s quarterly revenue was lifted above Wall Street's expectations buoyed by sharp growth in its commercial cloud computing business.   One of the priorities for Chief Executive Satya Nadella, who took the helm...

For allegedly taking part in a 14-year cartel, a record 2.9 billion euros ($3.2 bln) were fined by EU antitrust regulators on Daimler, Paccar and two other truckmakers.   The companies coordinated on the timing of introducing new emission technologies in 1997 and fixed prices and on passing...

Samsung Electronics is in talks on buying a stake in Chinese manufacturer of electric cars BYD Co. The transaction’s amount has not been disclosed yet. This step is intended to strengthen production for semiconductors for cars. South Korean electronics manufacturer Samsung Electronics Co. is going...

While trying to overcome hurdles to deals worth some $50 billion with Airbus and Boeing, Iranian officials and Western industry sources  were quoted in the media saying that Iran has expanded its search for aircraft and is looking to order dozens more jets.   Preliminary discussions...