As a part of the strategy to stage a turnaround under its new boss, General Electric dropped off most of its dividend for the third quarter as it also reported loss of $22.8 billion fir the quarter because of a major write down of assets.   In the same period a year ago, the company had made...

The future for the portfolio of cars for BMW is expected to be different from what its current form as the company attempts to add more of plug-in hybrid electric vehicles and full-fledged all-electric cars in the near future.   However, the R&D efforts of the luxury car maker is not...

A joint venture has been formed between Chinese e-commerce firm Alibaba and the owner of the powerful e-commerce platform Net-a-Porter, which is also the owner of Swiss luxury group – Richemont, to offer luxury products to Chinese consumers.   Net-a-Porter and Mr Porter would be the two...

Ford has been suffering from a bad patch in terms of sale in the last year or so in the largest car market of the world – China. The company has also not been able to do well globally in recent years.   This is the reason that the company has embarked on a plan of a company-wide...

Microsoft Corp has again become the second most valuable company in the United States. This feat was however not accomplished by Microsoft itself through its value enhancement but because of the poor performance of Amazon.com – the company it replaced to regain the second spot. Almost $65 billion...

Apple and Samsung are to be fines €10m and €5m respectively by authorities in Italy on charges of “planned obsolescence” of their smartphones.   Following an investigation by the country’s competition authority, which was initiated in January this year, it was concluded that there was a...

A data breach of the customers of the Hong Kong-based airline Cathay Pacific has come to light. According to revelations by the airlines, personal data of up to 9.4 million passengers have been hacked. However the airline so far could not confirm any evidence of stealing of any personal information...

Tesla is now looking beyond the US market for sale of its electric cars after the company made a surprise and historic profit for the third quarter of the current year driven by increased demand for its least costly Model 3.   According to the statement from Tesla chief Elon Musk, the...

While it is best known in the United Kingdom as a global manufacturer of vacuum cleaners, Dyson is moving into the field of electric cars and this UK firm has chosen Singapore to be its hub for the manufacture of its new electric car.   It will be later this year that the foundation for the...

All of the cars that would be used through the app of the ride hailing company Uber in London would be electric cars by 2025, said the US firm on Tuesday.   This was announced by the CEO of the company Dara Khosrowshahi along with an announcement of a $260m Clean Air Plan during his visit to...

Microsoft is linking the compensation to be paid to its CEO Satya Nadella with the performance of LinkedIn which the tech company had purchased two years ago for an amount of $27 billion which is the costliest acquisition of the company so far in its history.   The amount of money that...