With the hope to ring fence losses ahead of the end of its financial year, Toshiba Corp’s U.S nuclear unit could file for Chapter 11 protection from creditors as early as Tuesday, reported news agency Reuters citing a source with direct knowledge of the matter. But it remains to be seen that whether the complex…
In order to see Honda Motor Co’s pet aviation project recoup its development costs, Michimasa Fujino, 56, chief engineer of the Hondajet, might have to reach a ripe old age after three decades building an airplane from scratch. Richard Aboulafia, vice president of analysis at aerospace consulting firm Teal Group, thinks it has likely spent…
Emission standards set by California’s Air Resource board are followed by 12 other states. Although the Trump administration is hell bent on relaxing car efficiency regulations, California has put its foot down and prefers clean air to pollution. The California Air Resources Board has finalized car emissions standards for 2022-2025. As you might expect, the Trump Administration wants to…
Unlike its regular bookstores, these new ones are likely to include electronic hardware and services too. Amazon’s plan of dominating the retail landscape could extend well beyond just books and groceries. The New York Times has reported citing sources familiar with the matter at hand, that the world’s biggest online retailer is “exploring” the possibility…
Medical companies which can artificially produce blood in large quantities to gain new source of revenue. With the availability of real blood in shortage, doctors have since long felt the need for having artificial blood. Although scientists have able to produce red blood cells in a lab, their current technique of prodding stem cells into…
It has been done by Germany’s state-owned development bank KfW once again. It had erroneously transferring hundreds of millions of euros to Lehman Brothers Holdings Inc. the day the U.S. firm filed for bankruptcy which had made it gain publicity. According to people familiar with the matter, because of a technical glitch that repeated single payments multiple times,…
While becoming the embattled U.S. theme-park operator’s largest shareholder, China’s Zhonghong Zhuoye Group Co. agreed to acquire a 21 percent stake in SeaWorld Entertainment Inc. from Blackstone Group LP. By expanding internationally, SeaWorld’s plan to restore growth is bolstered by the deal. To create its first park outside the U.S. Rivals such as Six Flags Entertainment Corp.…
The place where energy giants BP Plc and Reliance Industries Ltd. found a sea of trouble, is being ventured into by India’s Oil & Natural Gas Corp. Tapas Kumar Sengupta, ONGC’s director for offshore operations said that to help boost natural gas output and raise crude flows, the state-run company plans to invest in a region off…
A market with an unambiguous message, that their work is far from done, is faced by OPEC and allies reviewing the impact of their oil cuts this weekend. Talks will be overshadowed by the question of whether the persisting glut requires the curbs to be extended beyond the summer, as producers meet in Kuwait to…
If you are a Apple User, update your device’s software, lockdown the settings and make sure your password is strong. A group of hackers, calling themselves the “Turkish Crime Family” has reportedly been trying to extort money from Apple. report appearing in Motherboard states that the hacking group has claimed that it has the login credentials…
