According to a report from Reuters quoting sources with knowledge, iPhone maker Apple is holding negotiations with at least four companies for selecting as possible suppliers of lidar sensors in self-driving cars with the aim of judging the technology of the suppliers while still carrying on with...

A court ruling in the United Kingdom that has allowed the filing initiation of a £14bn class action lawsuit against Mastercard has raised the possibility of every adult citizen in the country getting a payout of up to £300 from the payments company.   It has been alleged that over a period...

Increase in jet fuel costs and the increasing capacity of seats in Europe were cited to be the reasons for an operating loss of 336 million euros or $380 million for the first quarter of the current year for Lufthansa. As a consequence, the shares of the company dropped on Tuesday.   The...

Global healthcare giant Johnson & Johnson (J&J) reported a 14 per cent dip in its profits for its first quarter because of increasing legal costs as the company negotiates thousands of lawsuits against it over allegations that its talc baby powder was causing harm to users. the company has...

The often criticised but rampant work culture of gruelling overtime at many of the tech companies of China has been defended by the billionaire founder of the Alibaba Group Jack Ma. He has said that such a work culture is a "huge blessing" especially for the young employees.   These comments...

Following the announcement of the long awaited launch of its streaming services and some positive reviews and comments about the proposed business where in they said that the aggressive pricing strategy of the video streaming services is good enough to help it rival the likes of Netfilx and Amazon,...

The US ride hailing company Uber opened up its finances in a prospectus on its IPO on Thursday as it prepares for the largest initial public offering in years.    While there is much enthusiasm about the IPO among investors and analysts, questions about the sustainability of the...

According to a statement issued by US electric car maker Tesla on Thursday, new investments in the Gigafactory of Tesla would be made as needed jointly by Panasonic Corp and the U.S car maker.   In a separate statement, Panasonic said that before taking a final call on investments for...

A new lawsuit filed against the United States airplane maker Boeing has accused the plane maker of defrauding shareholders because the company has not made public the deficiencies in its 737 MAX planes before two of the planes crashed in two separate fatal accidents five months apart which led to...

In its first ever initial public offering (IPO), ride hailing company Uber would be putting up about $10 billion worth of stock for sale and is set to get its offer publicly registered this week, reported news agency Reuters citing sources with information about the matter.   Uber’s IPO...

According to a report published by the news agency Reuters, the  French glass bottle maker Verallia is being prepared for a stock market listing later this year by buyout group Apollo. The report also stated that this would possibly be the largest French initial public offerings of the year....