Facing stalling travel plans from consumers, the group’s earnings have been revised downwards 3 times in a row. According to a report from Barron’s the shares of Hilton Worldwide Holdings Inc. could shoot up by a minimum of 25% if… Read More ›
Entrepreneurship
GE set to acquire Baker Hughes for ~$30 billion
The deal could help redefine Baker Hughes following its failed merger with Halliburton. The Wall Street Journal has reported citing sources familiar with the matter at hand, General Electric Co is close to sealing a nearly $30 billion to merge… Read More ›
Uber sees commuters travelling in VTOL planes in the next decade
Uber has a vision that could revolutionise transportation. In early 2017, it plans on hosting a summit wherein it hopes to lay out a potential roadmap. According to Uber, the future of transportation is literally looking up: it envisages commuters… Read More ›
General Electric in early discussion with Baker Hughes for potential acquisition
Although GE has portrayed this discussion as one related to a partnership, the Wall Street Journal has cited an anonymous source, who’s familiar with the matter at hand, saying the discussions are for a potential acquisition. Reuters has cited a… Read More ›
EU-Canada deal postponed until further notice
Although 27 EU states agreed on CETA, the South of Belgium had concerns related to agricultural imports which could result in MNCs dictating terms of public policy as well as those related to dispute settlements. Belgian politicians appear to be… Read More ›
First Delivery in Colorado made by Uber Self-Driving Truck Packed with Budweiser
Uber claim that in what is the world’s first commercial delivery in a driverless vehicle, the ride-hailing giant teamed up with AB InBev to transport beer in an autonomous vehicle. With nobody behind the wheel, a tractor trailer full of beer… Read More ›
Daimler’s 1st pure EV will be manufactured in Bremen
The model will be based on the sporty SUV coupe-styled EQ vehicle that it displayed in the Paris auto show last month. Daimler, Mercedes-Benz’s parent has stated that its first new EQ electric vehicle under the Mercedes-Benz brand will be… Read More ›
The coming of age of Tesla
For the first time, Tesla Motors has turned a profit. On that note, Musk has clarified that the company’s Model 3 will not need fresh capital infusion and that its deliveries are as per schedule. Tesla has also significantly reduced… Read More ›
Samsung Electronics changes QA after Galaxy Note 7 fiasco
Following Galaxy Note 7’s withdrawal from the market, Samsung Electronics is aiming to install a more rigorous scrutiny in its quality assurance process. It has also called for an extraordinary meeting to decide on issues related to the divesting of… Read More ›
Boeing posts strong cash flow, despite slowdown in production
Analysts are closely watching the deferred production cost for Boeing 787 Dreamliner, which declined by $150 million to $27.5 billion, The world’s largest airplane manufacturer, Boeing has reported its third quarter results which have defied analysts’ profit expectations. Strategic cost… Read More ›
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