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US Based Truck Maker Navistar To Be Acquired By Volkswagen Truck Unit Traton

German auto giant Volkswagen AG is expanding the reach of its trucking business in North America. The company has announced a deal worth $3.7 billion in which its truck unit Traton SE will be purchasing the outstanding shares of United States based truck maker Navistar International Corp. The two...

Foxconn Forecasts Strong Iphone 12 Demand Next Quarter

There will be strong demand for the new iPhone 12 during the holiday quarter, forecast Apple supplier Foxconn while also stressing that its process of investments in the United States will continue according to schedule. The company also said that it is looking to make new products in the country....

Lenovo Beats Expectations For Quarterly Profits Due To Remote Working Trend

The new normal of remote working and working from home forced on the world because of the novel coronavirus pandemic has benefitted it, said China's Lenovo Group, the biggest PC maker of the world, while it reported quarterly profits which were much better than what analysts were expecting.  ...

With Apple And Others Ramping Up 5G Phones, Qualcomm Forecasts Strong First Quarter

Chip maker Qualcomm Inc predicted growth of sales of 5G smart phones will reach more than half a billion units next year, partly because of the spurt brought about by  new Apple Inc iPhone 12 models while the company forecast estimate beating revenues for its fiscal first quarter.   The...

Better 2021 Expected By Western Union After Covid-19 Hit To Business

With people adjusting to the new normal created by the novel coronavirus pandemic and the expectations that the United States government would soon pass the additional stimulus to help the economy, an improved outlook for 2021 was forecast by Western Union, the largest money transfer company of the...

Despite Profit Rebound In Third Quarter, BMW Warns Of Pandemic Risks

The second wave of novel coronavirus infections that is now sweeping over Europe and the United States poses a ”considerable” risk to the business of the German luxury car maker BMW, said the German company after it reported a 10 per cent growth in its profits in the third quarter primarily driven...

Renault Reduces 'Range Anxiety' To Push Sale Of Its Electric Cars

The Zoe small electric car form Renault had gained popularity among buyers because of an increased range for a single charge. With a range of 400 km (249-mile) on a single charge, the new revamped model is way ahead in this aspect compared to the previous model which offered only 300 km when fully...

US Will ‘Vigorously Defend’ Ban Order Against TikTok Despite Court Ruling

An executive order that aims to ban all transaction with the Chinese owned short video sharing app TikTok will be “vigorously defend” by the United States Department of Commerce, it said, following the halting of the execution of the order by a federal judge.   The Commerce Department order...

US Commerce Department TikTok Ban Order Blocked By US Judge

An order from the Commerce Department of the United States against the Chinese owned short video messaging app TikTok that was to take effect from November 12 and which would have effectively barred the app from operating in the United States was blocked by a US judge in Pennsylvania on Friday....

'Eat Out To Help Out' Scheme Of Govt. Helped To Usher In Second Cvoid-19 Wave: New UK Study

A new study in the United Kingdom has revealed that the second wave of novel coronavirus in the country was contributed to by the "Eat out to help out" discount scheme initiated by the British government aimed at increasing spending at restaurants, cafes and pubs over the summer as that had helped...

New Surge In Covid-19 Infections Needs More Cost Cuts, Warns New IAG Boss

The threat from a second wave of the Covid-19 pandemic will leave British Airways staring at a bleak winter with very little travel and therefore the company will have to look at ways to cut even more costs form the business business operations, warned the new boss of British Airways-owner IAG....

Ford Beats Comfortably Beast Estimates And Returns To Profitability

A strong demand for trucks of Ford helped the United States based auto major to register a much larger profit than was being expected by the Wall Street which helped the company to return to profitability.    Excluding special items, the company earned $2.6 billion which is almost...
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