In what is being termed a robust measure to ensure the safety of EU citizens’ data when transferred across the Atlantic by firms such as Facebook, Apple and Google, Europe and the US have reached a new deal over data sharing.   Companies would be able to transfer and process EU...

Even as Yahoo Inc continues with its plan to revamp the business and spin it off, the tech giant said on Tuesday that it would consider "strategic alternatives" for its core Internet business and cut about 15 percent of its workforce.   Under growing pressure from impatient shareholders, the...

Marking the largest ever overseas acquisition by a Chinese firm, an agreed $43 billion bid would be made by China's state-owned ChemChina for Swiss seeds and pesticides group Syngenta, the companies said on Wednesday.   This is being seen as a setback for U.S. seed company Monsanto, which...

Exhibiting that even one of the nimblest oil producers is struggling in the worst market downturn in over a decade, BP slumped to its biggest annual loss last year and announced thousands more job cuts on Tuesday.   It would cut 7,000 jobs by the end of 2017, or nearly 9 percent of its...

In the run to the race for being the most valuable company in the world Alphabet seems to have won the battle but questions are being raised whether it would win the war.   Suggesting that the company formerly known as Google could be valued at $628 billion in the next 12 months, the median...

Leading US oil company ExxonMobil said its latest quarter profits numbered $ 2.8 billion, which is 58% less than the previous year, and the annual profit fell by half - from $ 32.5 billion to $ 16.2 billion. ExxonMobil’s management noted that in the current difficult conditions, the company intends...

In what is being referred to as an enormous Ponzi scheme, local authorities in China are investigating allegations where a Chinese online finance company bilked investors out of more than $7.6 billion, spent lavishly on gifts and salaries and buried the evidence.   The online finance...

With Barclays admitting it broke the law and agreeing to pay $70 million, Barclays and Credit Suisse have settled federal and state charges that they misled investors in their dark pools, federal and New York state officials said on Sunday.   Marking the two largest fines ever paid in...

While the project is no more a secret, what the market wants to know is now is how much is Google-parent Alphabet Inc spending on "moonshots" – self-driving cars. Apart from this there is also growing inquisitiveness about expenditure for its glucose-monitoring contact lenses, Internet balloons and...