The development underscores increased competition in the U.S. aircraft manufacturing market. As per source familiar with the matter at hand, Boeing Co has notified its employees that it has planned for another round of involuntary layoffs which will see hundreds of engineers at its commercial airplanes unit leave their jobs. This latest job cut by…
The timing of pushing the House of Cards to the next quarter has played a major rule in its profit outlook for this quarter. Riding on positive signs of its surge to expand its digital footprint, Netflix Inc has made a bullish forecast for subscriber additions by mid-year which has sent its shares shooting to…
By certain metrics, it’s quite easily done… for all 7.5 billion of us, even if it may seem facetious to reduce human beings to a series of investment characteristics. And raising new questions about what the future of investment might look like are a growing number of new start-ups seem to think that that’s possible.…
To strike a deal to take over the air bag maker at the heart of the auto industry’s biggest safety recall, potential rescuers of Japan’s Takata Corp have extended talks, already in their 14th month reported the media. the preferred bidder for Takata, whose faulty air bags have been blamed for at least 16 deaths…
Elon Musk’s SpaceX, Richard Branson’s Virgin Galactic and Jeff Bezos’ Blue Origin are among the Western heavyweights that dominate the commercial space industry. But the competition is not deterring players in Asia. Japan’s PD Aerospace and China’s Kuang-Chi Science are among Asia’s homegrown private firms planning to offer spaceflight services to civilians as corporate spending eclipses government activity throughout the…
Suggestions that many consumers are unfazed by last year’s Galaxy Note 7 fires, mobile chief of Samsung Electronics Co Ltd’s said on Thursday that pre-orders for Samsung Electronics Co Ltd’s flagship Galaxy S8 smartphone have exceeded those of its predecessor S7. For a firm recovering from one of the worst product safety failures in tech…
Utah-based Qualtrics is valued at $2.5 billion in its latest funding round. In a funding round, software company Qualtrics, has managed to raise $180 million from venture capital firms and in the process it has given rise to hopes that it will be able to sustain itself so as to launch its IPO. In the…
In what is a trend that is positive for premium electronics giants like Apple and Samsung in the long-term, the Counterpoint Research said that driven by consumers wanting 4G handsets, most of India’s mobile phone users are planning to upgrade to a new device in the next 12 months. Counterpoint said that in their survey planning to upgrade their…
Western Digital Corp has said that it wanted to enter into exclusive talks with Japan’s Toshiba Corp as the former warned the later that splitting off its chip unit prior to a planned sale of the business violates their joint chip venture contract. The split-off is a “very serious breach of joint venture agreements,” and it would…
After releasing delayed third-quarter results with a disclaimer from its auditor, Japan’s Toshiba Corp’s CEO said on Tuesday that the company will make every effort to avoid being delisted by the Tokyo Stock Exchange. “The decision on any delisting is for the stock exchange to make,” Satoshi Tsunakawa said at a press briefing in Tokyo. “We…
