Bombardier and Mitsubishi have agreed that the latter will purchase Bombardier’s CRJ regional jet program. Details of the deal have not yet been disclosed. In a statement, Mitsubishi said, Bombardier’s trade secrets lawsuit against its aircraft unit has been “stayed”… Read More ›
Creativity
Unilever to close ice cream facility production factory in Henderson, Nevada
Employees at the plant can apply for open positions at other sites. In a statement Unilever said, it would be closing its ice cream manufacturing facility in Henderson, Nevada. As a result of this closure, 300 people are likely to… Read More ›
Hard Brexit border to cost 50K pounds a minute in border delays: British car industry body
Boris Johnson and rival Jeremy Hunt, have both said they are prepared to take Britain out of the EU without a deal on Oct. 31, 2019, although this is not their preferred option. In a statement, Britain’s car industry warned… Read More ›
New sulphur regulations in fuel will shakeup shipping industry
“There’s a storm approaching but we don’t know how bad the storm is going to be,” said Glen Kedzie, energy and environmental counsel for the American Trucking Associations. With tough shipping regulations, set by the United Nations shipping agency, the… Read More ›
Data Suggests A Drop In Usage Of Facebook Since Data Scandals
According to a report published by The Guardian newspaper, there has been a sharp drop in the usage of Facebook over the past year even though the company has claimed that its rate of usage by users is continuing to… Read More ›
Trademark Infringement Case Filed Against Walmart By Jetblue
A legal suit of trade mark infringement has been filed against Walmart Inc by JetBlue Airways Corp. The aim of the suit is to prevent the largest retailer of the world from making use of the Jetblack which is used… Read More ›
French fiscal administration launches probe on Carlos Ghosn’s wealth
The former chairman of the Renault-Nissan alliance is facing charges of financial misconduct. French daily Liberation has reported citing sources familiar with the matter at hand, France’s fiscal administration has launched an a probe into the wealth of Carlos Ghosn,… Read More ›
Eldorado Resorts Inc to merge with Caesars Entertainment Corp in a $18 billion deal
The combined company will give serious competition to big players in the casino industry such as Las Vegas Sands Corp, MGM Resorts International and Wynn Resorts Ltd. In a cash and stock deal, sources familiar with the matter at hand… Read More ›
Companies In Facebook’s Libra Project Could Have Excess Power, Says Facebook Co-Founder
Those corporations who would get involved with the project of the digital currency called Libra being planned to be launched by the social media company Facebook could get undue advantage to getting greater power than the nation states, warned one… Read More ›
Report Predicts Growth For Cannabis Infused Products Market
A new report from Standard & Poor’s predicted that more companies would be implementing plans to enter the global cannabis market which is estimated to be valued at $150 billion and develop and offer products ranging from cannabis infused as… Read More ›