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Toshiba corp. (TOSYY.PK, TOSBF.PK) announced a restructuring of its PC business. In the B2C market, the company will transform transition from the current business model, withdraw from unprofitable markets, and optimize sales bases in low profit regions. The company expects to reduce the number of sales...

Drugmaker Merck KGaA (MKGAY.PK) Thursday said E. Merck KG has appointed Stefan Oschmann, 57, to the position of Vice Chairman and Deputy CEO. Concurrently, Bel n Garijo, 54, has been appointed to the Executive Board to take over leadership for the Pharma business. The management changes will be effective...

Visa Inc. (V) and Monitise plc (MONI.L) have reached an alliance agreement in 2009. At the same time, Visa started investing in Monitise. Given the maturation of Monitise as a company, Visa is mulling its options relating to the investment and has engaged J.P. Morgan Securities Plc to assist. Also, Visa...

Volvo Group (VOLVY.PK) reported that deliveries from its truck operations in August 2014 amounted to 11,809 vehicles. This was a decrease of 8% compared with the year-earlier month. In August, 6,939 Volvo trucks were delivered, a decrease of 9% compared with the same month last year. On a regional...

The Board of Management of Bayer AG (BAYZF.PK, BAYRY.PK, BYR.L) announced that it plans to focus the Bayer Group entirely on the Life Science businesses - HealthCare and CropScience - and float MaterialScience on the stock market as a separate company. The plans remain subject to the approval of the...

Swedish mobile network equipment maker Ericsson (ERIC) Thursday said it would discontinue future development of modems and shift parts of resources in modems to radio network R&D to better tap opportunities in this area. The change in strategy comes as the company completes its evaluation of the future...

UBM Plc (UBMJF.PK, UBM.L), an events-led marketing services and communications company, noted recent market speculation regarding a potential acquisition of Advanstar by UBM. The business services provider confirmed involving in discussions which may, or may not, lead to a transaction. A further...

Evotec AG (EVTCY.PK, EVOTF.PK) announced it will take legal steps against Israel-based Andromeda Biotech, Ltd. to recover potential damages that result from recent incidents in relation to DiaPep277. On 08 September 2014, US-based Hyperion Therapeutics Inc. announced that it will discontinue the product...

Shares of Discovery Communications Inc. (DISCA) declined around 6 percent in the after hours trading on Wednesday following media reports that the firm is seeking to buy a controlling interest in The Hub from partner and toymaker Hasbro Inc. (HAS) and rename the children's cable TV network Discovery...

FEI (FEIC) Thursday announced the opening of a new technology center in the industrial estate of Cernovická Terasa, Czech republic. With a surface area of 27.000 square meters, it is the largest technology plant built this year in the Czech republic. FEI invested 800 million Czech crowns or about $38...

German conglomerate Bayer AG (BAYZF.PK, BAYRY.PK, BYR.L) plans to separate its plastics business, as it shifts focus to its life sciences business, WSJ Deutschland said Wednesday, quoting people familiar with the matter. The business is estimated to have a value of around 8 billion euros or $10.3...

Parkland Fuel Corp. (PKI.TO), a distributor and marketer of fuels and lubricants, Wednesday said it has entered into a definitive agreement to acquire the assets of Pioneer Energy for C$378 million, including C$259 million in cash, C$119 million in common shares of Parkland, and the assumption of standard...

Online retail giant Amazon.com, Inc. (AMZN) on Wednesday announced the launch of two all-new Kindle e-reader models, three all-new Fire tablets and also introduced the Fire OS 4 "Sangria." With the models unveiled, Amazon is trying to target different segments in the market, including kids with the new...

Amazon (AMZN) announced that it has introduced new Kindle tablets and e-readers. Amazon announced the introduction of 7th generation of Kindle: Kindle Voyage, the most advanced e-reader ever, and the new $79 Kindle, with a 20% faster processor, twice the storage, and now with a touch interface....

TerraForm Power, Inc. (TERP) said Wednesday that it has appointed Alejandro Hernandez as Executive Vice President and Chief Financial Officer, effective September 29, his start date with the company. Hernandez replaces Sanjeev Kumar, who will return to EverStream Energy Capital Management in San...