A major restructuring program is on the cards for British engineering company Rolls-Royce said its new chief executive Warren East.   The aero-engine maker was already under pressure to outline how it would return to growth after four profit warnings in just over a year. The company is now...

Funds affiliated with CVC Capital Partners and Canada Pension Plan Investment Board have entered into a definitive agreement to jointly acquire the Company from a group of investors led by TPG and Leonard Green & Partners, announced Petco Animal Supplies, Inc on Monday.   The deal of...

California is witnessing a unique battle of sorts among auto markers. In a bid to woo away green car buyers from Tesla Motors Inc, the battery electric vehicle leader, the Asian automakers are opening up a new front in the contest to define the future of cars.     To tout new...

In a record deal for mergers and acquisitions, Pfizer Inc on Monday said it would buy Botox maker Allergan Plc for $160 billion. The company would also move its headquarters to Ireland to cut its U.S. tax bill.   With a combined annual revenue of about $64 billion, the acquisition will...

The rising popularity of the Internet of Things has given rise to a war for big companies.   The hiring of Venkata “Murthy” Renduchintala of Qualcomm by Intel is a case in hand.  Renduchintala has been made the new president of a newly created division for the Internet of Things at...

While wearables are gaining popularity both among select range of customers and present innumerable opportunities for fashion designers, the supply chain isn’t up to speed.   This is the outlook of a panel of wearable technology and fashion experts about the recent trends of wearabls....

After a late push for support by United Auto Workers leaders, Ford Motor Co's U.S. union workers narrowly approved a four-year labor contract, the UAW said late Friday night.   After more than a week of voting that concluded at U.S. operations of Ford (F.N) on Friday night, 51.3 percent of...

As the U.S. Treasury prepared to clamp down further on such tax inversions, talks between Pfizer and Allergan for e takeover of the latter for a $150 billion deal would see the U.S. drug giant’s efforts to redomicile in Ireland accelerated on Wednesday.   A person familiar with the...

A division of the Japanese Sony, responsible for smartphones production, plans to start developing its own processors for mobile devices. According to insiders, Sony intends to follow the lead of competitors such as Apple, Samsung Electronics and Huawei. Sources say that the company Global Unichip,...