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Anonymous bomb threat on detoured Air France flight false alarm, says carrier

The anonymous bomb threat on the Paris-bound Air France flight 83 that prompted the plane to land on Montreal late Monday was bogus, says carrier.

Dec 10, 2015 4:50 AM EST


Aston Martin deciding new plant location in the US, UK, or Middle East to create female friendly sports SUV

Aston Martin could possibly open a manufacturing plant in four short listed locations including the US to manufacture 5,000 DBX.

Dec 10, 2015 4:46 AM EST


Grocers haven't fulfilled promise to put up stores for places without supermarkets, says AP

Areas without supermarkets still have no ample number of stores despite promise to put up 1,500 grocery stores by 2016.

Dec 10, 2015 3:28 AM EST


Fed denies Staples' Office Depot acquisition

The U.S. Federal Trade Commission filed a lawsuit to deny Staples Inc's Office Depot Inc. acquisition; because the antitrust enforcers argue that the merger would increase prices and eliminate the rest of the competition.

Dec 10, 2015 3:18 AM EST


Emirates to fly A380 to Guangzhou

The world's largest long-haul airline Emirates Airlines is deploying A380 jumbo jets to Guangzhou. Emirates will be flying the world's largest jumbo jet with a seating capacity of 615 passengers. Guangzhou has strong business relations with African nations and the city is offering growing business potential. However, the expansion plans of several Chinese airlines will post tough competition to Emirates.

Dec 10, 2015 3:17 AM EST


Cyber security provider Blue Coat Systems plans to go public next year

Network security firm Blue Coat Systems Inc is planning an initial public offering, which may happen on the second quarter of 2016.

Dec 10, 2015 3:15 AM EST


Hyundai unveils the New Generation i20 WRC for the 2016 World Rally Championship

Hyundai is introducing its new rally car for the 2016 FIA WRC event at team's factory in Alzenau, Germany. The five-door body car is powered by a 1.6-litre turbo charged petrol engine with six-speed sequential gearbox.

Dec 10, 2015 3:13 AM EST


Chennai floods leave everyone in deep water

The recent floods devastated the living conditions for people in Chennai and its surrounding districts. The industrial and business hubs have been affected resulting in trillions of crores of rupees loss. Insurance companies have been flooded with claims indicating a decade high volume.

Dec 10, 2015 3:09 AM EST


Deutsche Bank Japan to pay penalty again for information leak

Deutsche Bank Japan branch is set to face a regulatory penalty once again; this time for leaking corporate information before an earnings release.

Dec 10, 2015 3:07 AM EST


Valeant weighs to sell contact lens maker Paragon amid FTC investigations

Valeant is considering to sell its Paragon as the FTC is investigating the drug maker's monopoly in the gas permeable contact lens market. Valeant has been hiking prices the Paragon's products after the company acquired the contact lens manufacturer earlier this year.

Dec 10, 2015 3:00 AM EST


Gas powered cars to be banned in eight US states and five countries by 2050

Eight U.S. states and five countries across the world announced the commitment to allow the automakers to sell only zero emissions vehicles by 2050. They will ban gas-powered vehicles to cut global vehicle emissions by 40 percent.

Dec 10, 2015 2:55 AM EST


ISIS generating $80 million revenues a month

ISIS is believed to have been generating $80 million revenues a month from oil production and smuggling in addition tother finding options. ISIS is also taxing people in areas it controls. The oil income accounts for over 40 percent of the total revenues for ISIS, which is generating income from six funding channels.

Dec 10, 2015 2:52 AM EST