Following a warning issued by the Allied Pilots Association union – a national body of US pilots, about its member pilots flying to Venezuela, all flights to the South American country was suspended by American Airlines. The airline has about 15000 pilots who are members of the Allied Pilots...

A US jury arrived at an opinion that three Qualcomm patents had been violated by Apple Inc and therefore a fine of $31 million would have to be paid to the chip maker by the iPhone maker for infringement of patented technology. This is a boost for Qualcomm as the company prepares to get into...

While experts and analysts were concerned about the US electric car market Tesla not having addressed the issue of a slowdown of demand for some of its models, investors were apparently worried about whether the company would be burning more cash as the company unveiled an electric sports utility...

The 2019 earnings guidance issued by General Electric missed the expectations of analysts as the company also warned that it would be burning up as much as $2 billion in cash for its industrial division. The CEO of the company Larry Culp also warned that for the conglomerate, the first quarter of...

Two fatal crashes of the Boeing's 737 Max 8 aircraft in a space of four months has resulted in an increasing number of countries either grounding to banning the use of the crafts. This has put the US plane maker Boeing under significant pressure for the first time since the issues it had about the...

Amidst a slowing domestic demand, Yum China Holdings is aiming to take advantage of a new growth area and has decided to tie up with two biggest state oil giants of China to open up fast-food outlets at the gas stations across the country through the franchise route.   In the next three...

United States based electric car maker Tesla announced in a blog post its intention to reverse its decision of closing down most of its physical stores and shift all of its sale online. To account for the cost of the keeping all of the physical stores open. Tesla also announced that it would have...

Throughout the year, there has been an addition of $55 billion in market cap of aircraft maker Boeing as its shares rose by 31 per cent – the highest among the companies that make up the Dow index.   With sales reaching $100 billion for the first time in its 102 years, a record cash was...

Concerned with the phenomenal increase in the incidents related to blade attacks in the United Kingdom, retailing giant ASDA has announced that it would stop selling single kitchen knives at its stores across the country.    Britain has in recent times been struggling to cope up with...

In an attempt to shed its rigid outlook and to create a friendlier environment for customers, Goldman Sachs, one of the largest banks of United States has decided to start off with relaxing its prescribed dress code for its staff. Many analysts also view this to be a move by the Wall Street giant...

A nine-year-old government ban on foreign direct investment (FDI) in the Indian cigarette industry has been apparently flouted by Philip Morris International Inc for years through paying manufacturing costs to its Indian partner to produce its Marlboro cigarettes, claims a report by the news agency...