American SunEdison, one of the largest companies in the world in the field of alternative energy, filed for protection from creditors. The statement on the U.S. bankruptcy code 11, Chapter 11, filed on Thursday, April 21 at the court in cases of bankruptcies for the Southern District of New York,...

The Paddy Power Betfair’s underperformance disturbs Credit Suisse. Paddy Power Betfair will be taken in by Credit Suisse, while the former is at “underperform” whereby its target price rest at “8,650p”. However, the latter also states that benefits of a merger agreement between both the companies...

Driven by stronger results in North America and improved performance in Europe, the net income for the first quarter of 2016 or General Motors Co more than doubled to $2 billion, or $1.24 a share, the company said.   The net income per share for the latest quarter was $1.26, well ahead of...

According to a court filing, as Volkswagen braces for a crucial court hearing on Thursday, the car maker is resisting a demand from U.S. plaintiffs to go to trial rather than settle its diesel emissions case with government regulators.   April 21 was the last date that was given to...

The shares of Mitsubishi Motors Corp were down more than 15 percent and more than $1.2 billion were whipped off its market value on Wednesday after the auto maker admitted to manipulating test data to overstate the fuel economy of 625,000 cars sold in Japan.   After Nissan Motor, which...

The Japanese company Asahi agreed with Anheuser-Busch InBev (AB InBev) to acquire European beer brands Peroni, Grolsch and Meantime. The deal amounted to 2.55 billion euros ($ 2.9 billion). The agency notes that the acquisition of the European assets will allow Asahi to enter a new market and to...

Google is giving unfair prominence to its own apps like search and maps in supplementary software licensing deals it strikes with mobile phone makers running its Android operating system. This is the allegations that is likely to be charged against Google by the European competition commission,...

As market volatility hit Goldman Sachs Group Inc's bond trading and investment banking businesses, the Wall Street bank's quarterly profit fell by more than half and revenue slumped to its lowest in more than four years.   Reflecting declines in all of its main businesses, Goldman, wrapping...

The first quarterly income results of Wells Fargo for the year of 2016 show much better than it was thought. In spite of the downturn in the oil sector, the reports provided by the company of Wells Fargo show “better-than-expected quarterly results”.   In comparison to last year’s figures...