As the sell-off of state assets gathers pace in the UK, the government is all set to sell off the taxpayer’s stake in London’s King’s Cross development. The taxpayers hold 36.5% stake in the King’s Cross Central Partnership. The government has been developing the site through a private group...

With the aim to achieving greater funding diversification and strengthening of its liquidity profile, Goldman Sachs Bank USA, a unit of Goldman Sachs, will buy out GE Capital Bank's on-line deposit platform. This is the first time that the US based global bank is entering the on-line...

In an effort to boost employee diversity, Apple Inc claimed to have hired over 11,000 women globally in the past year which was 65 percent more than the company did a year ago. While admitting that a lot more remains to be done as far as employee diversity was concerned, Chief Executive Tim Cook,...

Iran chose the 45 oil and gas projects to introduce to international investors at a conference in London on 14-16 December. The conference participants discuss the procedure for the conclusion of new contracts on the eve of the auction for the right to develop fields in Iran. Tehran intends to...

Following the DirecTV purchase and investments in Mexico, AT&T Inc expects revenue, earnings and free cash flow to grow through 2018 despite the company engaging in higher capital expenditure. Revenue generation is expected to increase from the video assets of DirecTV's and the expanding...

With first quarter year-on-year net profits plunging 51 percent despite the revenues rising by 5 percent, China's Lenovo Group Ltd announced it will lay off 10 percent of its white-collar staff on Thursday.  The total loss of jobs is expected to be around 3,200. The results were below the...

After barely a couple of days after the mega announcement of taking up a 20% stake in Chinese electronic retailer Suning, Alibaba Group Holding Ltd's missed the revenue forecasts for the second quarter of the current fiscal. The e-retailer giant missed the forecast by a large margin even as its...

Late last month, the latest version Microsoft’s operating system - Windows 10 - became available. The novelty has already received many positive reviews, but as it turns out, there are drawbacks too. It appears that the latest brainchild of Microsoft is literally a godsend for a spy. The news...

Following the agreement between China’s online retail giant Alibaba Group Holding  Chinese electronics retailer Suning Commerce Group, JB.com, the biggest rival of Alibaba, saw its share tumble over fears of increased rivalry. The news from China shook the shares of JD.com in the New York...