While the A380 has increased capacity, new entrants have higher fuel efficiency. Once it improves key efficiency metrics, Airbus would be able to better cope with the competition. The head of Airbus’s 380 program has told Le Figaro that it… Read More ›
Entrepreneurship
Investigating firm gives VW’s CEO clean chit on diesel emission scandal
The results of the diesel emission scandal have found, Matthias Mueller, VW’s CEO, had no knowledge about the installation of cheating software in its vehicles. German newspaper, Bild am Sonntag, has reported citing a report by Jones Day, a law… Read More ›
Elon Musk tweets saying Tesla Motors need not raise funds in 4th quarter
Information available in regulatory filling have differed with this tweet. On another note, Musk has also tweeted about an expected unveiling of SolarCity Corp’s solar energy system on October 17. Let’s hope all his surprises are pleasant. Contradicting a regulatory… Read More ›
British economy to grow at just 1% in 2017
Although the depreciation of the Sterling has boosted manufacturing exports, rising manufacturing costs and inflation could eat into those profits. The British economy is going through a rollercoaster ride: although currently it’s moving downwards all depends on its negotiation team’s… Read More ›
Wireless Data Plans for Drones to be Sold by Verizon
A data plan for their drones would soon be available for companies. Working with drone makers to connect the flying vehicles to Verizon’s wireless network would soon be started by Verizon Communications Inc., the company said. The company officials said… Read More ›
Snapchat’s IPO could be late March 2017
The IPO could see Snap Inc. valued at $25 billion. The Wall Street Journal has reported, citing several sources who are familiar with the matter at hand, Snapchat’s parent is set to come out with an initial public offering (IPO)… Read More ›
GE wins data contract from NY’s power generating electrical system
GE plans on gauging the reliability and efficiency of NYPA’s public electrical system by playing sensors which can intelligently monitor the health of equipment. General Electric has disclosed that it has won a contract from the state of New York’s… Read More ›
Minority investor backs Elliott Management’s restructuring proposals in Samsung Electronics
The suggestions include setting up a holding company and listing the operating company on the Nasdaq. Now, Samsung will not only have to firefight battery related issues in its smartphone, but also in the board room. In a fresh signs… Read More ›
Lenovo & Fujitsu to collaborate on PC business
The two are in early talks, according to the Nikkei. Lenovo could either buy a majority stake in Fujitsu or there could be a merger. Nikkei has reported the matter citing anonymous sources. Japan’s Nikkei business daily has reported that… Read More ›
European banks are near their 2016 nadir, ‘time to buy’ says Citi analysts
Of late European banks have had a tough time: while they struggle to survive the post-Lehman brothers scenario, Britain’s historic decision to leave the EU has again taken a toll on the sector. As a result their share prices have… Read More ›