The Reynolds American Inc's Natural American Spirit tobacco business outside the United States would be bought over by the Japan Tobacco Inc which would pay 600 billion yen ($5 billion) in cash to the American company.   The two companies announced this in two separate statements on Tuesday....

Following Yahoo’s announcement on Monday that it was going ahead with the spinoff of its stake in Chinese e-commerce company Alibaba Group Holding Ltd despite the risk that the deal might not be tax-free, the shares of the company rose as much as 6 percent on Tuesday.   On Tuesday, Yahoo...

Within the next few days Volkswagen is planning to recall around 11 million cars in response to the emission scandal that rocked the company and the auto world recently   News agency Reuters reports that a comprehensive plan has been drawn up to ensure vehicles fitted with a defeat device...

Qatar Investment Authority has suffered serious losses in the quarter, which ends in two days. The investment fund suffers losses on the background of the Volkswagen’s scandal, the protracted depreciation of Glencore, whose shares on Monday fell to the 29.4% in London, plus the slowdown in the...

Most of US oil and gas companies are preparing for a sharp reduction in credit lines from the banking sector in the short term. According to a study of Haynes and Boone legal company, 79% of the companies of the fuel and power segment of the US economy are expecting reduce in funding from banks....

The Swiss competition commission said on Monday that it was probing seven banks UBS, HSBC, Deutsche Bank, Julius Baer, Barclays, Morgan Stanley and Mitsui, over allegations of possible price fixing in the precious metals market.   It has been alleged that...

In the hope of unlocking big advertiser spend, Facebook would now allow advertiser buy ad spaces for video advertisements in a way similar to how the advertisers book TV ads now. Facebook is soon to launch a new product for this purpose. The advertisement product would be based on the what TV...

The aggregated eighth distribution of Lehman Brothers Holdings Inc. has been officially announced. New York – 25 September 2015 – Being the “Plan Administrator” of Lehman Brothers Holdings Inc. informed that the “percentage recovery” of the court filing will be brought to the holders who have...

Even as Volkswagen expectedly named company veteran Matthias Mueller as its chief executive on Friday, Germany's transport minister announced the carmaker had manipulated test results for about 2.8 million vehicles in the country, nearly six times as many as it has admitted to falsifying in the...