In a statement, the Pentagon said, it has formally notified the U.S. Congress of impending sales of four sophisticated U.S.-made aerial drones to Taiwan. The notification is the step before finalizing the sale of weapons to other countries. Washington expects… Read More ›
On Wednesday, Subaru Corp raised its operating profit outlook by more than $1.05 billion following a more than expected rebounce in U.S. vehicle sale. Like its peers, Subaru, had to shutter its U.S. plants earlier this year because of the… Read More ›
In a significant development, Chinese Ant Group’s record $37 billion initial public offering has been suspended with Chinese regulators describing the move as reasonable and necessary. The suspension was just days before its dual debuts in Hong Kong and in… Read More ›
In a statement, German chemicals and pesticides giant Bayer stated, the costs of settlement over claims of its Roundup weedkiller which causes cancer, which it had initially placed at $11 billion, will go up further by $750 million. Although earlier this… Read More ›
In a significant development, Fiat Chrysler Automobiles NV stated, it could potentially face costs up to $840 million (722 million euros) to resolve a Justice Department investigation into excess diesel emissions. In a statement FCA said, the impact of a… Read More ›
The coronavirus-induced COVID-19 pandemic is boosting up air freight rates as we head into peak Christmas shopping season. The pandemic, which caused a sharp fall in passenger flights, in tandem with rising demand for e-commerce has set the stage for… Read More ›
On Friday, a source familiar with the matter at hand said, shareholders of LG Chem have approved a proposal by company to separate its battery business into a new company. The development paves the way for its battery business, to… Read More ›
Late on Thursday, Delta Air Lines Inc said, it has reached a preliminary cost-cutting deal with the union that represents its pilots with the deal aiming to prevent furloughs until January 1, 2022. Delta MEC, a unit of the Air Line… Read More ›
In a development that marks and underscores the massive impact the coronavirus is having on the oil industry, Exxon Mobil Corp stated, it will keep its fourth-quarter dividend flat at 87 cents a share. This is the first time since 1982… Read More ›
In a report, the Economic Times reported citing three sources familiar with the matter at hand as saying, India’s salt-to-software conglomerate Tata Group is in advanced talks to acquire to a majority stake in Indian online grocery startup BigBasket for… Read More ›
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