Concerns among analysts about the slowdown in global economy would weigh down on its results were negated by JPMorgan Chase & Co as it reported a better-than-expected quarterly profit for the first quarter of the current year. Good performance across its business sectors was shown by the largest U.S. bank by assets. The performance was…
A number of industries have been affected by a major helium shortage and there is no clarity on how the issues would be resolved. While it is best known among the public of being used in balloons, this naturally occurring gas is also very important in a number of medical and aerospace technologies which includes…
Plans of acquiring oil and gas exploration and production company Anadarko Petroleum was announced on Friday by Chevron in a $33 billion deal including cash and stock. This deal would help in the expansion of the operations in shale oil and gas production, offshore drilling and liquefied natural gas exports for the second largest energy…
European airplane maker Airbus embarked on an effort to achieve a simplified management structure under its new Chief Executive Guillaume Faury as the new e3xecutive sought to make his [personal imprint on the company. He also announced a plan to modernize its factory modernisation. These measures, announced on Thursday, are believed to being made in…
It is common knowledge that Facebook users receive notifications about deceased friends and loved ones which can be upsetting for the users. the social media platform now is planning to use artificial intelligence to stop such messages being delivered to users and causing emotional problems for them, the company has said. The company is hoping…
Following on its plans and desire to gain Oscar glory, online video streaming company Netflix is set to make a major play to attract major Hollywood celebs and producers. According to a report published in the new channel CNBC quoting sources with knowledge of the matter, negotiations for the purchase of the historic Egyptian Theatre…
Following some levels of disinterest shown by Wall Street and international investors last year, Saudi Arabia again stunned analysts and investors after it announced that it had received more than $100 billion in orders for the maiden global bond for its oil giant Aramco. This incident is amongst the a handful few of companies managing…
US electric car maker Tesla is bailing out the Italian automaker Fiat Chrysler for the possibility of facing significantly large European Union fines for not being able to meet the tough new pollution standards by selling some of the emissions credits that the US car marker had amassed. According to documents published by the European…
A recent study published Monday in the journal Nature Medicine claims that promising outcome was seen in a small clinical trial of patients with lymphoma with the use of an experimental cancer “vaccine”. The treatment in 11 patients with lymphoma was tested by researchers at New York’s Mount Sinai Hospital. Following some very good outcome…
Former chairman of Japanese car maker Nissan Carlos Ghosn, currently under arrest in Japan on charges of financial misconduct for a second time, has now been officially removed from the board of the company following a voting for the in favour of the motion by shareholders during an extraordinary shareholder meeting called by the company…
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