Concluding a six-month strategic review instigated by hedge fund Jana Partners, chip giant Qualcomm Inc has decided not to split into separate chip making and technology licensing businesses.   The current structure of the San Diego-based Qualcomm - biggest maker of chips used in mobile...

The first fully autonomous Ford Fusion Hybrid  sedans would roll out from the Ford Research and Innovation Center Palo Alto at the company expects the cars to take California streets next year.   Autonomous vehicle research is being expanded by Ford's Research and Innovation Center in...

As Yahoo comes under pressure to change strategic direction, shareholders consider former Yahoo executives Ross Levinsohn and Jacqueline Reses as potential replacements for Chief Executive Officer Marissa Mayer.   New York-based SpingOwl Asset Management, a New York based activist hedge...

Talks for a $20 billion swap are going on between Sanofi and Boehringer Ingelheim. The family-owned German group's consumer health operation is proposed to be swapped with the French pharmaceuticals company's animal health business.   With an enterprise value of 11.4 billion euros ($12.6...

Due to the high levels of supply that may be heightened by the lifting of sanctions against Iran Moody’s has cut its oil price forecast for next year by $10 a barrel.   The assumption price for Brent crude, the international benchmark, was sliced to $43 a barrel from $53 by the credit rating...

UK Advertising Standards Authority began an investigation into the painkiller "Nurofen." The regulator will consider for cheating the audience Nurofen Express ad, which states that it acts specifically on the source of the pain. Initiation of an investigation related to the analgesic in the UK was...

Stockholm International Peace Research Institute (SIPRI) published a report on situation in production and sale of arms in the world. The report features the world's 100 leading arms manufacturers in 2014. US companies continue to lead in terms of weapon sales: they accounted for 54.4% of the...

Coming close to 11-year lows due to fears that the global oil glut would worsen in the months to come in a pricing war between leading OPEC and non-OPEC producers, oil prices fell for a seventh straight session on Monday.   For the first time since December 2008, Brent crude fell by 3.4...

After giving “disappeared’ from public view for quite some time, the billionaire chairman of Fosun Group, one of China's biggest privately held conglomerates, re-emerged on Monday.   Guo Guangchang was accused to have ‘disappeared’ in connection with an investigation by authorities, Chinese...