Browsing: Business Matters

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US auto giant General Motors said on Thursday it would largely withdraw its Chevrolet brand from the European market by 2016, citing the “difficult economic situation” on the continent. GM instead plans to concentrate on marketing its German-made Opel…

South Korean shipbuilder Samsung Heavy Industries has floated a tanker-shaped vessel tagged as the world’s largest “floating facility” with a length greater than the height of the Empire State Building. A Samsung spokeswoman said Thursday that the floating…

A new piece in the New York Times today features an interview with Google’s Andy Rubin (no relation), the former head of the company’s Android division. Since stepping down from that role, Rubin has decided to go after the mobile operating system…

Dec. 5 (Bloomberg) — As Nigeria’s economy grows — 6 percent this year — so does the wealth of some of it’s citizens. The wealthy few no longer have to shop abroad for their luxury staples because those brands are setting up shop in the African country…

If you were anxiously anticipating the arrival of YouTube’s rumored subscription music service, well, we’ve got some gloomy Google news: it won’t be launching this year as planned. It’s now slated for release next year. YouTube, one of the world…

The European Commission approved on Wednesday Microsoft’s nearly 5.5-billion-euro takeover of the mobile phone business of Finland’s Nokia which once dominated the global industry. The acquisition does “not raise any competition concerns, in particular…