Despite a slowdown in China – its largest market for iPhones outside of the United States, tech giant Apple reported its largest revenue ever and record quarterly profits for the last three months of 2019 driven by a surge in sale of iPhones.   This strong performance however comes amid...

One of the major appliance manufacturers of the world Whirlpool posted better than expected results for the fourth quarter while predicting profits for 2020 well over the expectations of analysts. The company manufactures and markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana,...

The European plane maker Airbus is set to potentially face billions of dollars in penalties as it has agreed to come to a settlement with regulators in the United Kingdom, France and the United States in relation to a bribery and corruption probe.   An agreement in principle over charges of...

The Federal Aviation Administration (FAA) of the United States – the regulator for airline safety of the country has said that it is pleased with the advancements made by the plane maker Boeing in its efforts to convince the regulators to allow the now grounded Boeing 737 Max planes to fly again....

There was a sharp rise in fourth-quarter core earnings for Ericsson as reported by the Swedish telecoms equipment group. It however said that this quarter is traditionally its best season which was hit by a slowdown in its business in the United States despite it doing good in the market in recent...

The largest maker of PC and datacenter processors Intel had gained market share during the fourth-quarter as its earnings and revenues beat Wall Street’s expectations.   The CEO of the company Bob Swan also expressed confidence that the company will do well in the short term.   For...

British retailer Morrisons has announced that it will cull about 3,000 managerial jobs throughout its stores as the company implements its plan of restructuring of its business which also entails creation of more shop floor jobs.   The restructuring plan of the company also includes a plan...

 Netflix Inc. ended 2019 in a strong note as the video streaming company reported an increase in revenue as well as in its global net subscriber growth. However the company did not provide an encouraging forecast for 2020 as the company is getting increasingly concerned about the the...

A third profit warning for 2019 was issued on Wednesday by the German luxury car maker Daimler as the company struggles with the costs it is having to incur because of the diesel emission scandal that has resulted in record fines and litigation across the world, along with the huge investments that...

With an expected increase in tourists to Japan in the wake of the Tokyo Olympics later this year and to address a growing demand for sustainable seafood, eco-certified sushi will be available starting this year by Japanese supermarket chain Aeon Co Ltd – the largest retailer by sales in Asia....

In its efforts to divest its loss making business operations and turn profitable by next year, the United States based ride hailing company Uber has sold out its food delivery business Uber East in India to its local rival Zomato.   About 10 per cent of Zomato would be owned by Uber Eats as...