Jet Airways grounds planes as crisis grows

Jet Airways' engineers , pilots and senior management have not been paid for January and February, besides 87.5 percent of their December salary is also due. People in SpiceJet on condition of anonymity had said that Jet has approached the airline. ... More..

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SEC calls Musk's first amendment tweet defense 'ridiculous'
by | Tuesday, March 19, 2019

SEC calls Musk's first amendment tweet defense 'ridiculous'

Musk first drew the attention of the Securities and Exchange Commission last summer when the Tesla CEO said on Twitter he was planning to take the company private and had already secured funding. The SEC ca...More..

NY makes list of world’s most expensive cities to live in
by | Tuesday, March 19, 2019

NY makes list of world’s most expensive cities to live in

The Economist Intelligence Unit , which carried out the research, said it was the first time in the more than three decades of the survey that three cities were equally ranked top, after Singapore led the char...More..

Fisker teases Tesla Model Y competitor
by | Tuesday, March 19, 2019

Fisker teases Tesla Model Y competitor

It will come standard with an extended range (target of approximately 300 miles / 480 kilometres), enabled by an enhanced +80 KWh lithium-ion battery pack. Interior design and materials will be modern, Fisker ...More..

US jury awards Qualcomm $31 million in Apple case
by | Tuesday, March 19, 2019

US jury awards Qualcomm $31 million in Apple case

Since then, numerous cases between the pair have appeared on court's rosters throughout the world. During an eight-day jury trial, Qualcomm asked the jury to award it unpaid patent royalties of up to $US1.41 pe...More..

India's RCom pays Ericsson, says asset deal with Jio falls through
by | Monday, March 18, 2019

India's RCom pays Ericsson, says asset deal with Jio falls through

Separately, Ericsson has received 4.62 billion rupees ($67.42 million) from Indian telecoms firm Reliance Communications Ltd , the Swedish company said on Monday, potentially saving billionaire Anil Ambani ...More..

Trump Urges General Motors To Reopen Ohio Plant In Tweet
by | Monday, March 18, 2019

Trump Urges General Motors To Reopen Ohio Plant In Tweet

Rep. Bill Johson, whose district runs from the Salem area and south along the Ohio River, re-tweeted an earlier Tweet from the President saying GM must get the plant open "fast!" GM didn't immediately respond...More..

Luck Of The Irish? Powerball Soars To $550M
by | Monday, March 18, 2019

Luck Of The Irish? Powerball Soars To $550M

Of course, on the off-chance you managed to select the winning number combination, you can decide between the 30-payment annuity option or the one-time payout of $300.2 million, before taxes, of course. The whi...More..

Market Yet To React on CBOE Update
by | Monday, March 18, 2019

Market Yet To React on CBOE Update

CBOE also clarifies that all now listed futures are still kept open for trading. According to the research conducted by TradeBlock at the beginning of February, investor interest towards Bitcoin futures on ...More..

Economic Uncertainty Marks Oil Price
by | Sunday, March 17, 2019

Economic Uncertainty Marks Oil Price

The U.S. bank said January global crude oil demand growth was "nearly 2.0 million barrels per day, with strength visible in both emerging markets and developed economies". During President Obama's term, the...More..

Volkswagen CEO apologizes for evoking Auschwitz slogan at company meeting
by | Sunday, March 17, 2019

Volkswagen CEO apologizes for evoking Auschwitz slogan at company meeting

EBIT is a finance acronym for "earnings before interest and taxes", and Diess says he was referring to the freedom the Volkswagen Group would have from positive sales growth. Founded in 1937 as part of Adolf...More..

Tata Motors' Jaguar Land Rover recalls 44,000 cars over CO2 emission levels
by | Sunday, March 17, 2019

Tata Motors' Jaguar Land Rover recalls 44,000 cars over CO2 emission levels

The recall affects a range of models sold in the United Kingdom between 2016 and 2019 powered by 2.0-litre petrol or diesel engines . The country's biggest auto manufacturer said the vehicles are emitting mo...More..

China industrial output growth falls to 17-year low levels
by | Sunday, March 17, 2019

China industrial output growth falls to 17-year low levels

President Donald Trump said on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal include protection for intellectual property, a major sticking point between the two s...More..

Uber plans to kick off IPO in April
by | Sunday, March 17, 2019

Uber plans to kick off IPO in April

Lyft, by contrast, said in its prospectus that its 2018 revenue totaled $2.2 billion and a loss of $911 million, which according to Axios would be the largest loss ever for a company entering the public marke...More..

OBR lowers forecast for United Kingdom oil and gas revenues
by | Saturday, March 16, 2019

OBR lowers forecast for United Kingdom oil and gas revenues

Notwithstanding sluggish growth around the world, Britain is expanding faster than Germany and our public finances are improving. A chaotic exit that would throw his forecasts into disarray. Its efforts will be...More..

Pizza Pizza is offering $3.14 pizzas March 14 only
by | Saturday, March 16, 2019

Pizza Pizza is offering $3.14 pizzas March 14 only

If you have forgotten what pi means from your days in math class, it is the ratio of a circle's circumference to its diameter. It's a day with deals on pizza, pastry and pot pies (not to be confused with " Pie ...More..

USA dollar drops amid rising sterling
by | Saturday, March 16, 2019

USA dollar drops amid rising sterling

USA producer prices barely edged higher in February, in the smallest annual increase since June 2017, the latest sign of benign inflation that supports the Federal Reserve's patient approach to future interest ...More..

Johnson & Johnson must pay cancer-stricken woman $29mn in latest talcum trial
by | Saturday, March 16, 2019

Johnson & Johnson must pay cancer-stricken woman $29mn in latest talcum trial

The lawsuit is just one of thousands of similar lawsuits Johnson & Johnson is facing. The verdict, in California Superior Court in Oakland, marks the latest defeat for the healthcare conglomerate, which fac...More..

Spotify files complaint against Apple over 'unfair' App Store rules
by | Saturday, March 16, 2019

Spotify files complaint against Apple over 'unfair' App Store rules

Apple's power as a platform hasn't yet triggered antitrust concerns in Europe, EU Competition Commissioner Margrethe Vestager told reporters in Austin, Texas, on March 10, before Spotify's complaint became pub...More..

Nissan asking shareholders to vote to oust Ghosn as director | AP business
by | Friday, March 15, 2019

Nissan asking shareholders to vote to oust Ghosn as director | AP business

The court's decision came as French automaker Renault SA (PA:), Nissan's top shareholder, confirmed it was in talks with Nissan Motor and Mitsubishi Motors about setting up a new alliance body to improv...More..

IEA sees U.S. leading global oil supply by 2024
by | Friday, March 15, 2019

IEA sees U.S. leading global oil supply by 2024

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher early Wednesday, but inside yesterday's range, suggesting investor indecision and impending volatility. Saud...More..

Wells Fargo CEO avoids major stumble at heated congressional hearing
by | Friday, March 15, 2019

Wells Fargo CEO avoids major stumble at heated congressional hearing

Home Monetary Companies Committee Chairman Maxine Waters, D-Calif., introduced Sloan earlier than the panel Tuesday as a part of a broad, four-hour inquiry into widely reported fraudulent misconduct lately by...More..

Thomas Cook Staff Threaten To Remove Woman From Flight Over Outfit
by | Friday, March 15, 2019

Thomas Cook Staff Threaten To Remove Woman From Flight Over Outfit

Emily added: "There was a man behind me wearing a vest top and a pair of shorts, and I was thinking to myself, I'm getting targeted, and said that my shoulders and arms are out, when a gentleman is in the exact...More..

Tesla to unveil Model Y SUV as electric vehicle competition heats up
by | Friday, March 15, 2019

Tesla to unveil Model Y SUV as electric vehicle competition heats up

The event will be live streamed. It wasn't until last month that Tesla announced it would take orders for the $35,000 version, which has a shorter range. The heavier Model Y, however, will have less range becau...More..

Disney's Acquisition of 21st Century Fox Set to Close Next Week
by | Friday, March 15, 2019

Disney's Acquisition of 21st Century Fox Set to Close Next Week

The closing of The Walt Disney Co.'s merger with Twenty-First Century Fox is coming soon, and the companies announced Tuesday (3/12) that the deadline for holders of 21CF common stock to elect the form of c...More..

Oil Rises Strongly Supported by Cuts, Sanctions
by | Friday, March 15, 2019

Oil Rises Strongly Supported by Cuts, Sanctions

US crude oil production is expected to grow slower than previously expected in 2019 and average about 12.30 million barrels per day (bpd) the US Energy Information Administration (EIA) said on Tuesday. Br...More..

Two top Facebook execs are leaving the company
by | Friday, March 15, 2019

Two top Facebook execs are leaving the company

Cox, the 36-year-old Zuckerberg lieutenant managing his vision for the Facebook , Instagram and WhatsApp services, said in a blog he made the announcement "with great sadness". Cox's departure removes a laye...More..

Toyota says to boost U.S. investment to $13B over 5 years
by | Friday, March 15, 2019

Toyota says to boost U.S. investment to $13B over 5 years

Toyota Motor Manufacturing Kentucky announced Thursday it will invest almost $280 million at its Georgetown plant, and new vehicles will soon be made at the facility. Jim Justice said the investment is a big bo...More..

A Google employee broke the world record for calculating pi
by | Friday, March 15, 2019

A Google employee broke the world record for calculating pi

Iwao and a Google team computed Pi to 31.4 trillion decimal places or Pi multiplied by 10 to the 13th power, ousting the previous record set in 2016 of 22.4 trillion digits. She said she had been using ...More..

Elon Musk Reverses On Tesla Price Cuts
by | Friday, March 15, 2019

Elon Musk Reverses On Tesla Price Cuts

No other reproduction or distribution is permitted without prior written consent. Now, let's take a look at some recent updates related to Tesla CEO Elon Musk's legal battle with the SEC ( Securities and Ex...More..