Articles by admin

Volkswagen said it would take over Volvo’s WirelessCar, a Stockholm-based digital service developer, specializing in connected driving.

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SoftBank Corp shares sank 15 percent on debut, wiping $9 billion off their value, as investors sold off the telecoms operator after its record IPO on worries about a recent service outage and its exposure to Chinese telecoms gear maker Huawei.

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Malaysia on Wednesday charged a second former banker at Goldman Sachs Group Inc in connection with a suspected money-laundering scheme at state fund 1MDB and said it had issued a summons to the bank.

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Oil stabilized on Wednesday after one of its biggest falls for years, but remained under pressure from oversupply and concern that a slowing global economy would depress demand for fuel.

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Johnson & Johnson said on Wednesday that Indian drugs authorities visited some of its facilities and it provided them with “tests and samples” of its talcum powder.

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Nissan Motor Co CEO Hiroto Saikawa did not meet one-on-one with Thierry Bollore, the deputy CEO of Renault SA , during a meeting in Amsterdam, a source familiar with the matter said.

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GlaxoSmithKline plans to split into two businesses — one for prescription drugs and vaccines, the other for over-the-counter products — after forming a new joint venture with Pfizer’s consumer health division.

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Airfares in the fast-growing Indian market are 10 to 15 percent lower than breakeven levels for airlines, a Boeing Co executive said, as the planemaker raised its long-term jet order forecast for the nation to a record despite market challenges.

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Bristol-Myers Squibb Co received an offer from Japanese healthcare firm Taisho Pharmaceutical Holdings Co Ltd to buy the company’s French over-the-counter drugs business UPSA for $1.6 billion, the companies said on Wednesday.

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Estonia has made its first arrests in one of the biggest money laundering scandals in history involving Denmark’s Danske Bank , detaining 10 former employees at the bank’s Estonian branch, the state prosecutor said Wednesday.

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Italy’s Transport Minister Danilo Toninelli said on Wednesday that he would like to revoke motorway concessions held by Autostrade per l’Italia after the collapse of a bridge in Genoa last August.

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Drug inspectors have seized samples of Johnson & Johnson Baby Powder from a factory in northern India, an industry source said on Wednesday, following a Reuters report that the firm knew for decades that cancer-causing asbestos lurked in the product.

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GlaxoSmithKline plans to split into two businesses — one for prescription drugs and vaccines, the other for over-the-counter products — after forming a new joint venture with Pfizer’s consumer health division.

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Boeing Co raised its projection for India’s aircraft orders to a record high on Wednesday, predicting the nation’s carriers would order up to 2,300 new planes worth $320 billion from global planemakers over the next 20 years.

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Oil prices clawed back some ground on Wednesday as global equity markets showed signs of stabilizing, but crude was still under pressure from worries about oversupply and a slowing global economy that had driven sharp losses in the last three sessions.

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