An unusual glimpse into the burgeoning industry of criminal hackers for hire emerged as U.S. prosecutors this week charged two Israelis and an American fugitive with raking in hundreds of millions of dollars in one of the largest and most complex cases of cyber fraud ever exposed.   The...

Rockwell Automation Inc. of Milwaukee and Seattle software developer Microsoft Corp are together developing a new technology that would allow workers and managers to communicate seamlessly, whether on the factory floor or upstairs.   The companies engaged in the development of the technology...

A $42 Billion takeover offer by state-owned China National Chemical Corp has reportedly been rejected by the world's largest agrichemicals company, Syngenta AG.   This news has raised the shares of the company.   The company had turned down a $47 billion takeover offer from Monsanto...

Two British companies specializing in the aircraft sector - defense corporation BAE Systems and aircraft engine manufacturer Rolls-Royce - have reported worsening results and job cuts. BAE Systems announced their intention to halve production of one of the most famous aircrafts – the fighter...

Apple Inc. is striving to get in to the niche market of person-to-person transfer of money through their phones. According to people familiar with the matter, Apple is in discussions with U.S. banks to develop the payment service that would let users zap money to one another from their phones...

Taking help of tracking stocks and spinoffs, media mogul John Malone, known for striking complex deals and running companies with intricate structures, is restructuring two companies he controls. Spin-off of some of the business of Liberty Interactive Corp along with its 18 percent stake in...

Helped by the company's cost-cutting drive helped to offset a slowdown in Chinese spending, a surprise increase in first half profits was reported by Burberry.     In the six months to the end of September compared with the same period last year, the luxury retailer said adjusted...

Aibaba broke its earlier record of of $9.3 billion worth of transactions in a single day sale set last year by itself, as the company touched $10 billion on Wednesday afternoon, according to unaudited company figures.   Chinese e-commerce giant Alibaba is staging a shopping bonanza that...

1000 more jobs would be added by computer giant Apple at Cork as the company intends to expand its campus there. The new jobs would be added by the middle of 2017.   The number of people employed by Apple in Ireland would increase to 6000 following this expansion by the US based company....