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Business

Business

Chinese computer and smartphone company Lenovo has announced 3,200 job cuts as it reported a halving of profits. First-quarter net profit plunged 51% to $105m...

  Chinese e-commerce giant Alibaba has missed revenue expectations, reporting its slowest quarterly growth in three years. Revenue was $3.2bn (£2.05bn), up 28% compared with last...

Google has unveiled a surprise restructuring, creating a new parent company called Alphabet Inc. Under the rebranding, Google will retain its best-known businesses, such as...

Disney posted a 5% increase in revenue for the three months to 27 June - but missed expectations for the first time in eight...

Internet giant Yahoo is closing its China office as part of a worldwide consolidation aimed at cutting costs. The Beijing research centre is Yahoo's...

Electric car maker Tesla will be allowed to sell its vehicles in the US state of New Jersey, after a ban on direct-to-consumer sales...

LONDON — When Rohini Anand took over diversity programs at multinational catering company Sodexo in 2002, she had one goal: To prove that it...

Ikea is to close down an online magazine in Russia over fears it could flout the country's law banning the promotion of gay values...

US food giant Heinz is to merge with Kraft Foods Group, creating what the companies say will be the third-largest food and beverage company...

Swedish fashion retailer Hennes & Mauritz (H&M) has said "strong" store and online expansion led to improved sales and profits in the first quarter....