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Johnson & Johnson To Pay $120M In Damages In New York Baby Powder Case

Damages of $120 million to a Brooklyn woman and her husband were ordered to be paid against Johnson & Johnson by a New York state judge. The woman had pinned the blame for her cancer on the exposure to asbestos from the use of Johnson & Johnson’s baby powder.   Previously, a jury had...

Lessor Says Hybrid Engine Planes Expected To Be Developed By Airbus And Boeing As Next Generation Planes

When the next generation of airplanes are designed and developed by the air plane markers Airbus SE and Boeing Co, they are expected to try and develop and use hybrid electric technology because there are limits to the extent to which the current engines can be improved in terms of fuel efficiency...

Tarnished Max 737 Critical For Boeing’s Recovery From Pandemic

The most infamous aircraft of the world, the Max 737, is now the key for recovery of the manufacturing might and financial fortunes of Boeing Co.   Whether travellers and airlines renew interest in the best-selling plane of the company after two deadly crashes, will in a large part, decide...

GM On A Path Of All Out Push For EV Leadership Globally

United States based auto maker General Motors (GM) will now press on the acceleration peddle for an "all out pursuit of global EV leadership" as it aims to challenge the leadership of Tesla in this sector with an increase in investments and spending and speeding up the process of electric vehicle...

ABB Plans To Offload Three Businesses That Generate $1.75 Billion

Three of its business units will be divested by the Swiss engineering company ABB which together generates an average of $1.75 billion in sales annually which is equivalent to about 6 per cent of its total global annual revenues, the company said on Thursday.   Days prior to the first...

First Big European Bank To Announce 2019 Dividends Is UBS

The first major European bank that has paid the full dividend for last year despite the upheaval to economics and businesses cause by the novel coronavirus pandemic was UBS. On Thursday, shareholders of the lender   approved payment of dividend of the second half of its 2019.   A...

With Stupendous Online Sale And Same-Delivery, Target Easily Beat Sales Expectations

The American retailer Target Corp’s quick delivery services attracted a large number of customers who purchased everything from electronics to home goods during the Cvoid-19 pandemic which helped the company to easily surge past the expectations of analysts for same-store sales for the latest...

Airbnb Made Q3c Profit Despite Pandemic Hit, Shows Its IPO Filing

The peer to peer home rental startup Airbnb Inc had turned up a profit in the third quarter despite the pandemic hit to the travel and tourism industry, showed data from the company’s initial public offering (IPO) registration.   Its IPO is amongst the most anticipated stock market debuts in...

Pilot Delivery Program In US To Be Launched By Pfizer For Its Covid-19 Vaccine

With the aim of identifying and addressing the delivery and distribution challenges for its ultra-cold storage requirements, a pilot delivery program for its experimental Covid-19 vaccine has been launched by the United States based drug maker Pfizer Inc in four US states.   The temperature...

With Sale Of Majority Stake In Seiyu, Walmart Nearly Exits The Japanese Market

After struggling for years to make profits amid stiff competition, a majority stake in Japanese supermarket chain Seiyu is to be sold to investment firm KKR and e-commerce company Rakuten in a deal worth more than $1 billion.   There were speculations over the possibility of the United...

Spanish Lender BBVA's US Banking Unit To Be Bought By PNC For $11.6 Billion

The US business of Spanish lender BBVA will be acquired by PNC Financial Services Group Inc in a deal worth $11.6 billion in cash which would help the company to further strengthen its position in the United States market, PNC said on Monday.   Since the 2008 financial crisis, this will be...

Uber In Negotiations With Startup Aurora For Sale Of Its ATG Self-Driving Unit

Negotiations are currently on going between the ride hailing firm Uber Technologies Inc and self-driving car startup Aurora for selling of the formers’ autonomous driving unit called Uber Advanced Technologies Group (ATG), according ot reports in the media quoting sources who have knowledge of the...
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