Increased streamlining of its power systems and marine units the company could result in major savings for the company. Warren East, Rolls-Royce’s Chief Executive said that the company is in the process of making a turnaround with a potential cost… Read More ›
According to sources, a deal is not imminent. According to two sources who are familiar with the matter at hand, Xerox Corp is in talks with RR Donnelley, a financial printing firm. Incidentally Xerox is set to split into two… Read More ›
This signals the beginning of the end of China’s iron grip of the rare minerals market. In a significant development in the history of automotive, Honda Motors Co Ltd is said to have developed the world’s first motor for hybrid… Read More ›
This comes after two of its models were involved in two fatal mishaps. Elon Musk, the embattled Tesla CEO, has tweeted his intention of soon publishing the second part of his “top secret Tesla masterplan”. The tweet reads as the following,… Read More ›
The order could boost economies growth which is stalling in the wake of Brexit. Despite political uncertainties overshadowing the Farnborough Airshow, Airbus has beaten rival Boeing to bag a big order for 8 to 10 of its biggest twin-engined models…. Read More ›
After falling prices, a generation gap is now plaguing the oil industry. The demographic hangover of the last great industry downturn in the 1980s, when scores of drillers went out of business is causing a concern for U.S. explorers who are… Read More ›
As stated earlier by Pro Brexit campaigner Boris Johnson, the British government should fully disclose to its citizens the impact that Brexit will have on their nation in simple economic terms. Britain’s historic decision to leave the European Union could… Read More ›
The HNA Group’s interest in this business is due to growing Chinese appetite for air travel. According to sources familiar with the situation, a firm backed by Li Ka-shing, a tycoon from Hong Kong along with China’s HNA Group is… Read More ›
This move is designed to cluster its EMEA consumer operations in Asia. According to an internal memo, Citigroup is in the process of merging its consumer banking unit in Europe, Middle East and Africa (EMEA), its largest region for profits,… Read More ›
Those affected by this fraud include a foundation affiliated with Moore Capital Management, the Park Hill Group, family and friends. Andrew Caspersen the former Wall Street executive has now pleaded guilty of defrauding investors to the tune of $38 million… Read More ›
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