The change at the top follows the shipbuilder’s announcement of its forecast of yet another operating loss for this year. On Monday, in a strategic move Samsung Heavy Industries appointed Joonou Nam as its new chief executive officer after Park… Read More ›
Along with this barrage of canon fire, Japan’s third largest steelmaker is also facing the loss of 2 Japanese Industrial Standards (JIS) badges, which is likely to impact its ability to sell its products to customers. Class-action lawsuits have been… Read More ›
San Francisco based DoorDash, is an on-demand restaurant delivery service started by 3 students from Stanford University. SoftBank Group Corp plans on investing nearly $300 million into San Francisco-based food delivery startup DoorDash. The investment will be routed through… Read More ›
Sealing the agreement is critical for Toshiba as it has a cascading effect with its end result affecting its listing at the Tokyo stock exchange. As per sources familiar with the matter at hand, Western Digital and Toshiba Corp… Read More ›
Analysts opine SCANA will face heightened regulatory scrutiny over its decision to sell its stake in the upcoming nuclear power plants in South Carolina and Georgia. According to three sources familiar with the matter at hand, hedge funds led by… Read More ›
Sources familiar with the company’s plans say, Xiaomi’s likely valuation is expected to be $100 billion, if not more. Sources familiar with the matter have stated, Xiaomi Inc has asked banks to pitch next Friday for an initial public offering… Read More ›
U.S. carriers are increasingly awake to risks from fire from lithium iron battery induced fires. While “Smart suitcases” may be able to charge mobile devices, track and weigh themselves, be locked remotely using smartphones and be pretty useful, unless their… Read More ›
Cities across the European Union have become prime destinations for international banks in the wake of Britain deciding to leave the European Union. On Tuesday, Goldman Sachs stated it is looking to add 250 more staff to its roaster in… Read More ›
The country’s Purchasing Managers’ Index is slated to continue its trend through the fourth sector this year. As per the results of a survey of companies in the UAE in November, the growth of non-oil private sector in the country… Read More ›
Sanofi has clarified, it has not received any evidence of heightened incidence of severe dengue in vaccinated individuals in real world incidents. Sanofi’s dengue vaccine has got itself into a spot of trouble with the World Health Organization calling for… Read More ›
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