Toyota Motor and Suzuki Motor Japanese automakers announced signing of a memorandum of business partnership. Together, the automakers will be exploring technologies and fostering cooperation in supply of products and components. The transaction is expected to increase number of vehicles made by Toyota and its partners to at least 18 million per year.  Both companies have been considering...

General Director of Uber Travis Kalanick left the group of advisors on business issues to Donald Trump. The decision was taken under pressure society and his company’s team, reports Reuters. Founder of American company Uber Travis Kalanick resigned from Donald Trump's advisory council. Kalanick informed Head of state that he cannot keep working there after Trump signed a decree to toughen...

Guardian Media Group, which owns newspapers The Guardian and The Observer, warned that the group's losses could reach £ 90 million in the current fiscal year ending in April. This may result in further staff cuts in the UK and the USA, and, possibly, new format of the printed editions. Management of British Guardian Media Group (GMG), publisher of The Guardian and The Observer and owner of a...

Research firm Brand Finance has published its latest list of the world’s 500 most expensive and 10 most influential brands. Google tops the most valuable brand’s list, having pushed Apple away. Lego bypassed brands such as Nike and Google in struggle for the first place in the rating of the most influential brands. Brand Finance’s rating of the world’s 500 most expensive and 10 most influential...

Microsoft Corp. sold bonds for $ 17 billion, which has become the largest emission of this year, Bloomberg reported. The company surprised investors with such a major transaction shortly after earning $ 19.75 on another bonds sale in August. However, strong demand for Microsoft’s paper allowed the company to raise the bid higher than previously estimated $ 14 billion. The bonds were issued with...

Japanese Sony Corp. announced write-off of 112.1 billion yen ($ 976 million) in the cinema segment for the quarter ended in December, as newly popular online broadcasts sharply limited demand for DVD. The announcement followed decline in the company’s profit forecast on DVD operations, blue-ray and other types of home entertainment with the overall shrinking market, reports Reuters. The main...

Ant Financial, financial arm of Chinese online retailer Alibaba, buys money transfer service MoneyGram for $ 880 million, Bloomberg reported. The deal will be closed in the second half of 2017 after receiving approval of regulators. Chinese company will pay $ 13.25 for each MoneyGram’s paper, which is 11.5% above the closing price on 25 January. Now, MoneyGram has 350 thousand offices around the...

American biotech corporation Johnson & Johnson announced acquisition of Swiss pharmaceutical company Actelion Pharmaceuticals Ltd. for $ 30 billion with spin-off of the research division into an independent company, said J&J in a report. The deal has already been approved by boards of directors of both companies, and is expected to be closed in the I quarter of 2017. Johnson & Johnson...

Google has published a report on the fight against incorrect or fraudulent advertising and false information. In the past year, the company has removed 1.7 billion advertisements that misled consumers by offering something illegal or spread false information. In addition, the Internet giant has blocked more than malevolent 200 Internet resources. Google has published a detailed report on outcome...