US-based mobile app ride-hailing service Uber Technologies has signed a deal with Chinese Yongda Automobiles Services Holdings to provide discount and financing for the car of Uber drivers. The Chinese luxury auto dealer will provide Uber’s partners including transportation firms and independent drivers discount on new car purchases, finance and after-sales service. The company signed this deal...

The Reynolds Group of Company has finally released its revised list of Asset related purchases including their respective due settlement date. The list is covered mainly under two scheme and can grouped under two categories. Based out of Lake Forest of Illinois and also worldwide known for their quality manufacturing and prompt consumer service, The “Reynolds Group” of Company and a portion of...

US-based food products and grocery Company Kraft Food has voluntarily recalled thousands of cases of its original-flavored macaroni and cheese in the US and other countries due to a concern that some boxes may contain pieces of metal. Though there were no reported injuries due to consumption of the product, eight consumer complaints have already been logged about the product. The company...

Australia-based world’s biggest mining company BHP Billiton has announced the next steps for its newest spin-off, South32, noting that much less debt would be shelved off to the company when it lists in May. The new company South32’s detailed assets and their performance were announced in a report. The assets including aluminum, manganese, nickel, silver and coal were overshadowed by the growth...

Swiss Holcim’s Board of Directors rejected the terms of the merger with the French Lafarge, as a result of which the largest cement producer in the world would be created. It is said in the companies’ statement. Lafarge announced that it received a letter from the chairman of the Holcim Board of Directors on Sunday, which states that the French company does not want to follow the terms of the...

US-based social media company Facebook has acquired Thefind.com, a personalized shopping engine for customers to search for products on sale for an undisclosed sum. Thefind.com, founded in 2006 as Flatlens Inc, initially offered only ticket discovery service to its visitors. It was launched with its new name and including more product categories. It also helps in giving customized...

The Royal Bank of Scotland is under trial in a case which is part of the Federal Housing Finance Agency's (FHFA) litigious campaign in the US. The FHFA case, which is undertaken to recover part of the losses to the US government as part of the credit crunch-led recession in 2009, is ongoing in the US. The government has accused Nomura and RBS, as sponsor and underwriter respectively, of selling...

Adding Apple to the Dow’s 30-stock index is likely to positively reduce the decline of its index. A lot is riding on the success of Apple’s much awaited watch. Last week an announcement by the committee that determines the composition of the Dow Jones industrial average said that AT&T has been replace by Apple in the 30-stock index. Naturally this has triggered mass of competing headlines...

Apple overtook Samsung in smartphone sales across the globe. Apple Inc., the tech giant sold the largest number of smartphones in the last quarter of 2014, thereby overtaking Samsung, mainly led by strong demands from China. With a market share of around 20.4%, Apple’s smartphone shipments reached the mark of 74.8 million which was slightly higher than Samsung’s sale of 73.03 million phones. The...