Result Page 186 for Latest News News & Archive

News

UAW threatens Fiat Chrysler with a strike; $40M weekly profit at risk

Fiat Chrysler could lose millions per week if the workers strike will proceed. The pressure of putting the production on halt could also see the already ill company to face a worse issue.

Oct 07, 2015 2:53 AM EDT

News

Microsoft unveils Surface Book, its first ever laptop

Microsoft unveils its first ever laptop during a media event in Manhattan. The laptop which Microsoft claims could rival Apple MacBook Air comes with a twist that could change the laptop industry.

News

Basel-III norms help Morgan Stanley, Goldman regain hedge fund trading business

The US banks including Goldman Sachs and Morgan Stanley are recapturing their lost trding business from hedge fund customers. Thanks to the rules of Basel-III, which sets high capital requirements for trading activity in stocks, bonds, derivatives, etc. European banks like Deutsche Bank are falling short of capital requirements and losing trading business to the US banks.

News

Photographer unveils India's forgotten maze-like stepwells

Journalist Victoria Lautman has been known to discover the ignored stepwells in India for the past four years. And because of her obsession to uncover the forgotten historical aspect of India, she discovered over 120 stepwells in the country.

Mercedes-Benz self-driving truck began its road test in Germany's Autobahn 8

Daimler AG's first autonomous truck, the Mercedes Benz Actros, initially hit the public road in Germany. The automated truck is expected to be released in the 2020.

Oct 06, 2015 10:06 PM EDT

Toyota to launch driverless cars by 2020, unveils semi-automatic Lexus GS

Toyota Motor Corp has launched a new car Lexus GS making its entry into the market of self-driving cars. The Japanse automobile major is planning to launch three semi-automatic models this year. Toyota will also launch driverless cars by 2020, the year of Olympics in Japan.

Oct 06, 2015 9:55 PM EDT

US firms stash $2.1T overseas to skip tax at home

Major US companies prefer to keep their overseas profits out of the country to avoid taxes. It's estimated that 500 large Amercian companies hold $2.1 trillion accumulated profits in safe havens. To repatriate this amount, the US companies need to pay $620 billion in taxes.

Oct 06, 2015 9:48 PM EDT

Samsung struggling to increase revenue

Samsung is expected to announce its quarter earning report on Wednesday. The company has been carrying out lots of different strategy in order to increase its revenue especially in the smartphone industry.

Oct 06, 2015 9:35 PM EDT

AI startup Perceptio acquired by Apple

Apple Inc. announces that the company had acquired a startup that is developing an AI software that could be use in the smartphone. The software will helps users to avoid dependency on cloud computing for their image.

Oct 06, 2015 9:15 AM EDT

Ubisoft acquires Ivory Tower, the French developer of The Crew

Games developer, Ubisoft, purchased the Ivory Tower, the French company that developed the popular racing game, The Crew.

Oct 06, 2015 9:06 AM EDT

Tax hike, cost reduction in Greece budget for 2016

Alexis Tsipras-led government has submitted a draft budget for 2016 to the Greece Parliament, The draft proposes stringent measures to reform the ailing economy. The measures include a tax hike, reduction in costs, slashing down in government spending, attracting foreign investment, etc.

Oct 06, 2015 5:07 AM EDT

Samsung may tap $55B cash reserves for share buyback

South Korean electronics major Samsung may take up share buyback to boost the share price, which's suffering tis worst loss of streak since December 1983. The global electronics major may use its huge $55-billion cash reserves for share buyback.

Oct 06, 2015 5:05 AM EDT

Bill Gross sees further 10% drop in US stocks

Bill Gross, a bond manager and co-founder of Pimco, forecasts further 10% drop in the US markets as flat corporate profits, oil price drop, slump in commodities prices, uncertainty in global economy will continue to impact the markets in a negative way.

Oct 06, 2015 1:23 AM EDT

American Apparel filed for bankruptcy protection; restructures $300M debt

American Apparel will restructure its debts upon filing for bankruptcy protection. CEO Paula Schneider said they plan the restructure for the next six months.

Oct 06, 2015 1:21 AM EDT

Shell assures investors: Dividends will be protected

Shell's CEO announce that the company will not cut its dividend payment this year even though the oil price continues to go low. The announcement was made in an email statement by Ben Van Beurden himself.

Oct 05, 2015 11:52 PM EDT

World Bank sees global poverty to slip below 10% for first time

The poverty percentage in the world population is poised to drop below 10 percent in 2015 for the first time, forecasts World Bank, which has raised the benchmark of international poverty line to $1.90per day from $1.25 a day in 2005 after taking Purchasing Power Parity (PPP) into consideration.

Oct 05, 2015 9:41 PM EDT