Following allegations by General Motors that he and his wife was making misleading statements in their testimony, an Oklahoma man suing General Motors  in the first trial in federal litigation over its massive engine switch recall has hired a criminal defense attorney.   The plaintiff...

A recent international survey says that global business confidence has fallen to a three-year low.   As corporate leaders contemplate a rising tide of threats, the survey of more than 1,400 CEOs paints a gloomy picture of the global business environment.   This survey was made public...

Due to a $5 billion settlement of crisis-era legal claims that added pain to an already tough three months, Goldman Sachs Group Inc reported its smallest quarterly profit in more than four years.   As oil prices plummeted, concerns about China's economy intensified, and nervousness about the...

The Sarikhani and Nielsen families have bought Barclay’s trust business and plan on expanding and doubling its revenues within five years. Although Barclays Bank has sold its trust business to an independent investor group, it has retained a 20% stake, for at least 3 years, in the newly formed...

62 of the world's richest people own the same amount of wealth as half of the world's population, claims a report of Oxfam. This statistic is being used by the charity organization to highlight the scale of global inequality.   Five years ago, this number – i.e. persons with half of wealth...

Led by banks after the European Central Bank said it would quiz euro zone lenders about high levels of bad loans, European shares fell on Monday toeing the line of the Asia markets. On the other hand prices of crude continued to tumble on the prospect of more supply from Iran.   U.S. stock...

Demanding compensations for the plunge in the share prices due to its emissions test cheating scandal dozens of large shareholders in Volkswagen plan to sue the carmaker in a German court.   A case with a regional court in Brunswick would be lodged this week on behalf of 66 institutional...

WhatsApp messenger, owned by Facebook, abandoned the annual subscription fee of $ 1. The company attributed this to the fact that many users do not have credit cards, and they are afraid of losing access to WhatsApp after a year of free use. WhatsApp will no longer charge their users a subscription...

A month after abandoning a deal with Sweden's Electrolux, General Electric Co agreed to sell its century-old appliance business to China's Qingdao Haier Co Ltd for $5.4 billion in cash.   After months of opposition from U.S. antitrust regulators, the $3.3 billion-proposed deal with...