Acting on allegations that Exxon Mobil had lied to the public about the risks of climate change or to investors about how such risks might hurt the oil business, the New York attorney general has begun an investigation of the company activities.   A subpoena was issued to Exxon Mobil,...

Swedish refiner Preem has bought raw materials from Saudi Arabia for the first time in 20 years, Reuters reported, citing sources in the industry. The Preem agency confirmed this information, but the details are not reported. As noted by Reuters, before the Swedish company was buying mainly Russian...

Toyota Motor recorded a profit of ¥14.09 trillion, an increase of 8.9 percent during the six-month period ended September 30, 2015. The company sales dropped by 198,515 units compared to the same period last fiscal year with a total vehicle sale of 4,278,007 units.   While income before...

The much hyped Keystone project is probably going to be rejected by US President Barack Obama and his administration following the formal denial by the US of the a request to pause the review of the proposed Keystone XL oil pipeline on Wednesday.   Many saw the request of TransCanada Corp to...

Danish Maersk Line, the largest company in the world for sea container traffic, has announced plans to reduce the "at least" four thousand employees until the end of 2017. Maersk Line Company, part of the conglomerate AP Moller-Maersk Group, announced massive cuts in personnel. The company's...

One million dollars has been reportedly paid to an un-named team of researchers for their method to “jailbreak” the latest version of Apple’s mobile operating system, iOS 9.1 says computer exploit merchant Zerodium.   The practice of breaking the restrictions placed on iPhones and iPads...

Alleging that the antitrust case that was going on against it by the EU as of unusual nature and as it had wanted to settle the case with concessions last year, Google has hit back at EU antitrust regulators' warning of a possible hefty fine, saying this would be inappropriate.   The world's...

In one of the cash-management industry's largest deals ever the Bank of America Corp, the No. 2 U.S. bank, has agreed to sell its $87 billion money-market fund business to BlackRock Inc.   Since the global financial crisis big banks have faced pressure to simplify their businesses. This...

TransCanada company asked the US State Department to suspend consideration of the construction of the pipeline Keystone XL. This request can help Barack Obama to restore nearly broken relations with Canada. On Monday, the company asked to postpone consideration of the construction of the pipeline...