Author Archives

• FedEx to open its second largest package sorting facility in France

  By admin1 on October 19, 2016 • ( 0 )

  

  The investment of $1.5 billion by FedEx will double its sorting facility while creating 200-400 jobs in the process. U.S. package delivery service company FedEx has disclosed that it is set to invest $1.5 billion (1.4 billion euros) in Roissy,… Read More ›

• Credit Cruise agrees to settle Italian tax case for $110 million

  By admin1 on October 19, 2016 • ( 0 )

  

  As per a source with direct knowledge of the matter at hand,  Credit Suisse CNGN has agreed, in principle, to pay about $110 million (100 million euros) in order to settle its tax investigation in Italy. According to investigators, Credit… Read More ›

• Samsung faces potential class-action lawsuit in U.S. over its fire-prone Galaxy Note 7

  By admin1 on October 19, 2016 • ( 0 )

  

  The complaint revolves around the issue that although the smartphones weren’t operational they have been billed on a monthly basis. The U.S. unit of Samsung Electronics Co Ltd is facing a proposed class action lawsuit from 3 Galaxy Note 7… Read More ›

• Deliveries for old orders of Tesla’s Model 3 will be as per original schedule – Tesla Motors

  By admin1 on October 19, 2016 • ( 0 )

  

  In contrast to a CNBC report, Tesla Motors has clarified that only deliveries for new orders for the Model 3 will be from 2018. There is no change in deliveries for old orders. Tesla Motors Inc. has disclosed that customers… Read More ›

• Delays in capital infusion in Audi’s tech projects could undermine VW’s long term competitiveness

  By admin1 on October 18, 2016 • ( 0 )

  

  With Audi being VW’s profit engine, delays in implementing technological projects are likely to weigh down its competiveness in the burgeoning EV market. The diesel emission scandal is now casting its long dark shadows on its very future.   Sources… Read More ›

• Visa’s Charles Scharf passes on the reins to Alfred Kelly

  By admin1 on October 18, 2016 • ( 0 )

  

  Kelly is likely to focus on tighter integration of the company’s operations in the U.S., Europe and China. Visa Inc. has disclosed that its CEO, Charles Scharf, will be stepping down and will be succeeded by Alfred Kelly. Scharf was… Read More ›

• Hyundai Merchant Marine likely to bid for Hanjin Shipping’s Asia-U.S. route’s assets

  By admin1 on October 18, 2016 • ( 0 )

  

  As per government sources, the South Korean government could lend Hyundai Merchant Marine a helping hand if it were to bid for Hanjin Shipping’s assets. Hanjin Shipping Co Ltd may receive a lifeline from Hyundai Merchant Marine Co Ltd. The… Read More ›

• ZTO’s IPO to hit U.S. later this month

  By admin1 on October 17, 2016 • ( 0 )

  

  The ZTO IPO will is likely to overshadow Alibaba Group Holdings 2014 IPO. Alibaba Group Holding’s splash in the e-commerce IPO market is set to be dwarfed by ZTO Express, a Chinese Logistics company which is set to launch the… Read More ›

• Samsung starts manufacturing Snapdragon 830 chips using 10mn production technology

  By admin1 on October 17, 2016 • ( 0 )

  

  Eager to put the Galaxy Note 7 fiasco behind, Samsung is streaming ahead with the mass fabrication of its next-gen chip which will be the heart of its next flagship. In an industry first, South Korean electronics tech giant, Samsung… Read More ›

• Airbus to beat Boeing in aircraft deliveries by 2020 – Airbus CEO

  By admin1 on October 17, 2016 • ( 0 )

  

  Airbus plans on ramping up the deliveries of the A320Neo narrowbody and the A350 widebody while maintain its order lead from Boeing. A German newspaper has reported citing an interview given by Airbus’s CEO Fabrice Bregier that the European airplane… Read More ›