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FDA Finds Traces Of Asbestos In J&J Baby Powder, Company Recalls A Batch

Tiny amounts of asbestos contamination were found in samples from a single bottle that was purchased online of Johnson & Johnson’s baby powder which has forced the company to recall one lot of its Johnson’s Baby Powder.   Voluntary recalling of a small batch, #22318RB, is being made by...

Talks Between US Firms Huawei For Licensing Of 5G Tech: Reuters

A report published by the news agency Reuters quoting a Huawei executive said that the Chinese telecom equipment making company Huawei, which was been blacklisted by the United States in May this year, is in talks with a number of American telecom companies with respect to licensing of its 5G...

Lead Pilot Of Boeing Had Warned Of Problems Of Flight-Control System In Its 737 Max Planes

According to damning reports that came to the surface a day ago, warnings about problems in the flight-control program on the Boeing 737 Max was issued by a pilot of the plane maker and the pilot said that he had “unknowingly” lied to regulators. According to messages on the issue released on...

Continued Strong Results Reported By Coca Cola In Third Quarter

The largest soft drinks company of the world Coca Cola posted strong revenue growth and gains in the value of its share globally in the third quarter because of its continued execution of key strategies. The company reported 8 per cent growth in its revenues for the period with a 5 per cent...

Planned IPO Of Saudi Aramco Delayed Till After Earnings Report: Reuters

The largest oil exporter of the world Saudi Aramco has decided to postpone its planned launch of a partial initial public offering (IPO) as the company has decided to wait for the return of investor confidence in the company following the pending third-quarter results, claimed a report published by...

Netflix Increases Subscriber Numbers Despite Disney, Apple Threat

Despite reporting lower than expected number of new members for the third quarter of the current year, the United States video streaming company Netflix still reached an all time high for new subscribers for the quarter.   The company reported it had added 6.77 million new subscribers to its...

VW Mulling Lamborghini Restructuring – A Sale Or IPO: Reports

The strategy of the German car maker Volkswagen to more than double its market value and transform the largest auto company is reflected in the plans of the company to review options for its Lamborghini supercar division.   According to reports, the company is mulling to either publicly list...

WeWork Burns More Cash By Fact Paced Opening Up Opens New Sites

While WeWork is still to recover from a failed attempt to get publicly listed last month, recent reports have shown that the company has opened up more new sites and locations in the last three and half months than it had done for the first six months of the year. This shows that the company is...

Lyft Files Case Against New York City Over New Cruising Following Uber

A case has been filed by the United States based ride hailing company Lyft Inc against the New York City in an attempt to seek to nullify a new rule that is aimed to reduce the period of time that the company’s drivers can spend cruising around Manhattan without any passengers on board, the ride...

Boeing And Porsche To Jointly Develop Electric Flying Cars

Flying cars may seem like something from a science fiction story. However the United States plane making giant Boeing is partnering with Volkswagen’s sports car brand, Porsche to design and develop a concept flying car that could be used for ferrying people in a city setting.   Boeing’s main...

Toyota Bets Strongly On Its Hydrogen-Powered Cars

While many of the largest auto companies of the world are engaged in a race to develop and roll out plug-in electric vehicles partly as a reaction to the demands of climate change, Japanese auto major Toyota is putting its bet by completely backing an alternative source of power for its cars....

Chilean Grocery Startup To Be Acquired By Uber After A Failed Attempt By Walmart

The Santiago, Chile-based startup online grocer Cornershop will have a investment from Uber against a major stake in the company which will allow the United States based ride hailing firm to expand its geographic reach and possibly enhance its profits by offering rides with food delivery.  ...
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