Companies like Orbotech Ltd. are helping ensure billions are well spent for Chinese companies as questions arise about whether China has bitten off more than it can chew when it comes to making chips.   As factories pump out increasingly complex chips for smartphones and tablets, Orbotech...

Emboldened by rising crude prices and low costs that promise to trigger more expansion ahead, the world’s largest oil companies are regaining the confidence to make big investments which was displayed by two projects worth $45 billion that were announced this month. In what is tipped as the...

EU governments gave the green light to a commercial data transfer pact provisionally agreed by the EU executive and the United States in February. This approval would pave the way for it to come into effect next week, said the European Commission.   On concerns about intrusive U.S....

Blaming the forgery on a gambling addiction the accused could not control and engineering a fraud where investors were looted over $38 million, former Wall Street executive Andrew Caspersen pleaded guilty to charges that had been laced against him.   Caspersen pleaded guilty in federal court...

Avast Software company buys his Dutch rival AVG Technologies for $ 1.3 billion in cash to expand its presence in emerging markets, reports Reuters. Amount of the transaction is defined to be $ 1.3 billion, or $ 25 per AVG’s share, which is 33% more than value of the company’s securities at closure...

Tesla Motors Inc. again failed to implement its plan of electric cars deliveries set in the II quarter. Instead of projected 17 thousand cars, the company has released only 14370, Bloomberg reported. Analysts have already questioned the company’s annual plan for production of 500 thousand cars by...

In a deal that will create a regional powerhouse with $175 billion of assets, the National Bank of Abu Dhabi PJSC is merging with rival First Gulf Bank PJSC.   While FGB’s shares will be de-listed and the lender will operate under the National Bank of Abu Dhabi name, FGB shareholders will...

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....