A recently-posted BMW AG report on the National Highway Traffic Safety Administration (NHTSA) website has revealed that the luxury-car maker is recalling nearly 30,000 of its diesel-powered 2009-12 X5 sport utilities due to issues with the power-steering systems of the vehicles.

In what probably is the biggest ever cartel penalty, the European Union (EU)'s antitrust Commissioner Joaquin Almunia slapped a Euro 1.47 billion ($1.96 billion) fine on seven TV- and monitor-manufacturing companies which, for years, had been conniving to fix the prices of television and computer monitor tubes worldwide.

In a Wednesday statement, Nokia Siemens Networks revealed that it is shuttering the operations at one of its German units, called NSN Service; with the move to potentially put as many as 1,000 jobs at risk at 16 German sites.

In an apparent response to Twitter users' Wednesday complaints about their inability to view full Instagram pictures on the microblogging site, Twitter has recently revealed that Instagram has cut off the Twitter Card integration.

In a Tuesday announcement, Apple said that the company's latest iPhone - the iPhone 5 - will hit the Israel markets on Friday, December 14, when the handset will be launched worldwide in as many as 50 countries.

Facebook, the world's most popular social-networking platform, is reportedly preparing to jump into the videogame-development arena.

A recently revealed regulatory filing made by the social-networking giant stated that Facebook would not be prohibited from creating its own games, with effect from March 31 next year.

Tax loopholes on digital the sales of digital services will cost the UK government more than Olympics between 2008 and 2014, a new research has revealed.

Sirkeci Group owner, Faruk Boyaci, who is also the vice President of the Turkish Hotel Owner Association, narrated his success story to a Greek Reporter and here is a briefed account of the same.