Walmart is buying 49 percent of Yihaodian's stake, an e-commerce website based in China. This is part of Walmart's fundamental plan to distribute its products to Chinese consumers through its online service.
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BMW's i3 technology to support Apple's iCar?
Tim Cook, Apple's CEO was spotted visiting the BMW's production area in Leipzig, Germany. There are rumors that Apple is planning to develop its own car based on BMW's i3 technology given that Apple is working out on Project Titan.
Foreign insurers taking cautious look at Iran after nuclear deal
Western and Middle East insurance specialists see Iran as an appealing $8 billion (£5 billion) market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Tehran will be lifted means they are treating the country with caution.
Deutsche Boerse buys forex trading platform 360T for $796 million
Deutsche Boerse (DB1Gn.DE) is buying German-based foreign exchange trading platform 360T for 725 million euros ($796 million), the Frankfurt-based stock market operator said on Sunday.
Teva nears deal for Allergan's generic drugs unit: source
Teva Pharmaceutical Industries Ltd (TEVA.TA) is in advanced talks to buy Allergan Plc's (AGN.N) generic drug business following a thus far unsuccessful effort to acquire peer Mylan NV (MYL.O), according to a person familiar with the matter.
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German auto makers consortium composed of Audi, BMW, and Daimler, parent company of Mercedes-Benz, is reportedly in the final stages of discussion to acquire Nokia HERE, the mobile company's map app, for roughly €2.5 billion or $2.7 billion.
Bank of America has restructured its top managerial positions. The latest major shuffle witnessed the departure of the bank's CFO Bruce Thompson and retirement of executive David Darnell, who has been with the bank for over 35 years and will retire in the fourth quarter as vice-chairman.
Online video sharing, YouTube, announced that they hired MTV’s former president of programming, Susanne Daniels, as vice president to YouTube Originals. Basically, the target is to generate more original online programs on the website.
The much awaited launch of Apple Watch is believed to be a success despite the absence of official data pertaining to its sales. According to research firm Strategy Analytics, Apple Watch has secured 75% market share in the global smart watch segment as the estimated shipment was at four million units during the second quarter of 2015.
McDonald's suffers drop in sales after losing business to other food chains. Its rebound plan fails to deliver the desired results, focusing more on popular regional menu items.
Amazon.com Inc. has surpassed Wal-Mart Stores Inc. in market value. This comes after the online retailer reported revenues and profits exceeding Wall Street expectations for the second quarter ending June 30.
AT&T recorded 1.4% growth in revenues taking to $33 billion during the second quarter of 2015 and increased the number of wireless customers by 2.1million during the period. The market analysts projected that revenues would be $33.07billion. Earnings per share (EPS) of the company grew 61% to 69 cents.
NBA superstar LeBron James announced on Wednesday he is teaming up with Warner Bros. through his entertainment company, Springhill Entertainment, to produce and co-own TV programs, movies and digital contents.
Honda Accord 2016 was launched in the Bay Area, showcasing Apple's CarPlay and Google's Android Auto
Honda launched Accord 2016 at the San Francisco Bay Area with Apple's CarPlay and Android Auto. The car manufacturer also opened its Mountain View Research and Development Facility, which will concentrate on developing new technologies for upcoming editions.
