Business News

Cost Cuts Allow Devon Energy to Post Adjusted Profit for Q2

Cost Cuts Allow Devon Energy to Post Adjusted Profit for Q2

On Tuesday, Devon Energy Corp, the U.S. oil producer posted adjusted quarterly profit and reported that it has narrowed its net loss with massive cost cuts, mostly in expenses related to labor and supply. That counterbalanced by the company from slumping crude prices.

Is U.S. Auto Sales Heading Towards another Year of Record Sales? Economists Differ in Their Opinion

Is U.S. Auto Sales Heading Towards another Year of Record Sales? Economists Diff

In July, the automotive industry's bubbling sales numbers cooled down. Economists are confused and differ in their opinion, regarding, whether that signals at another record year or staggering sales at the edge of a slump.

Verizon’s Acquisition Spree Aims More than Telecommunications

Verizon’s Acquisition Spree Aims More than Telecommunications

Basking Ridge, New Jersey based Verizon is no more just a company offering telecommunications products and services but is reshaping itself quickly.

Spreading its arms into mobile technology and content arena, the company has been quick in acquisitions including Yahoo.

Uber’s Sells China Operations to Didi Chuxing; will Focus on Other Markets

Uber’s Sells China Operations to Didi Chuxing; will Focus on Other Markets

A fierce competition in the ride hailing services comes to an end in China with Uber selling its operations in the country to its rival Didi Chuxing.

The move will not only end a long drawn price war but will also give Uber a chance to focus in other expanding markets and a probable IPO.

What will Happen to Yahoo after Completion of Verizon’s Acquisition Deal is a Big Question

 What will Happen to Yahoo after Completion of Verizon’s Acquisition Deal is a B

Earlier, when Yahoo put up its core business for sale, discussions centered around the topic who will buy the company. Now that Verizon Communication is acquiring Yahoo for $4.83 billion, the next question in line is what are they going to do with Yahoo?

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