While downplaying the recent volatility in its stock prices, the trade tension that the United States currently has with China and other countries was blamed to be the primary reason for the lackluster performance of the stick of Uber since it launched its IPO in May, said its Chief Executive Dara Khosrowshahi on Tuesday. The…
An unsolicited offer for merger by the toymaker MGA Entertainment Inc has been once against rejected by rival firm Mattel Inc. A fresh offer aimed at merging the two companies was presented by MGA last month once again, said Isaac Larian, the founder and the chief executive of the privately held MGA, told the media…
The United States President Donald Trump would be willing to put in another bout of trade tariffs on Chinese goods imported into the US if he did not manage to arrive achieve a trade deal during his meeting with the Chinese President Xi Jinping during a scheduled meeting of the two leaders later this month…
An experimental medicine developed by a New Jersey-based drug company – Provention Bio, appeared to postpone the onset of type 1 diabetes in a clinical trial which pushed the shares of the company, which listed itself on the share market last year, more than tripped on the news. According to the results of the clinical…
The largest ever merge in the aerospace industry worth $121 billion could be created by the merger of the aerospace business of United Technologies Corp after it agreed to merge that business unit with that of US contractor Raytheon Co. The competitive landscape of the aerospace industry would be altered if the deal goes through…
In the wake of the recent blacklisting of the Chinese tech company Huawei Technologies Co Ltd by the United States, employees of some of the biggest tech companies of the world have been asked by their respective companies not to discuss anything about technology and technical standards employees from Huawei, claimed a report published by…
The global travel company Thomas Cook that is undergoing a restructuring program because of financial issues that it faces currently is in negotiations with the Chinese conglomerate Fosun International with the divesting its tour operator business as the company looks to offload some of its business to generate money. After media reports about the negotiations…
Electric car technologies would be jointly developed by BMW and Jaguar Land Rover as the two car makers have decided to use their resources together. Electric motors, transmissions and power electronics would be jointly developed by them, announced the two car giants. Amidst a business environment of dropping sale of cars and increasing costs of…
Another flaw in Boeing’s 737 Max model of aircraft – that has been grounded throughout the world, has been found by airline safety regulators in the United States. The regulators also found the same flaw in the planes belonging to the generation previous to the 737 Max. The airlines have been asked to check for…
Apple is set to its iTunes download service which was once touted to be the potential means for survival of the music industry in the digital era. The app for iTunes would be preplaced by three separate apps for music, TV and podcasts and this is set to be announced soon by Apple according to…
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