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Falling shares will close Dunkin’ Donuts 100 U.S. stores

Who would not love a steaming hot coffee partnered with donuts in the morning? Surely everyone knows and loves Dunkin’ Donuts. Unfortunately, it has to close 100 of its U.S. stores due to collapsing shares.

Oct 05, 2015 2:37 AM EDT

News

Boeing 777 propels Emirates Airlines' growth

Dubai-based Emirates Airlines is banking on wide-body aircraft for long-haul flight operations enabling it to become a global hub in the Middle East Region. Emirates is the world's biggest operator of Boeing 777 and Airbus A380 aircraft. The total aircraft fleet of Emirates includes 50 Airbus A380s and 100 Boeing 777 aircraft, which are playing a vital role in the success of the Dubai-based airline.

News

Rolls-Royce is planning to cut more jobs in the Marine Division

Rolls-Royce is expected to cut around 400 jobs in its Scandinavian marine division. The company is expected to cut jobs in the management sector only.

News

HP split approved by the board, will reduce 30,000 jobs

HP will be separated into two firms, the Hewlet Packard Enterprise and HP Inc. Prior to the reorganization, the company is set to cut 30, 000 jobs.

No role of nationality in antitrust probe: EU antitrust chief

European Competition Commissioner (ECC) Margrethe Vestager has become a target of the US media for ongoing cases against Google, Apple, Amazon and Starbucks. European antitrust chief Vestager clarifies that there's no role of nationality of companies in antitrust cases. Not only Amercian companies, but also several frims from different nations are facing charges in anticompetition, cartelling cases, etc.

Oct 04, 2015 10:03 PM EDT

Air France negotiation over pilot unions failed; 2,900 jobs at stake

Air France will cut nearly 3,000 jobs starting Monday. Reports say this is due to the airline's proposal that was rejected by the pilot unions.

Oct 04, 2015 9:55 PM EDT

Major French telecom groups are applying for 4G mobile spectrum auction

Four major French telecom groups had submitted their application to enter the low-spectrum airwaves bidding set to be held this November. The auction will see the government raising a substantial amount from the tangible assets.

Oct 04, 2015 9:34 PM EDT

Amazon bans sale of Apple, Google streaming devices

Amazon will no longer sell Apple TV and Google Chromecast by the end of the month. While the online retailer says it is meant to avoid customer confusion, analysts see it as an attempt to favor its own products.

Oct 04, 2015 9:08 PM EDT

Petrobras price target revised, lowered

Brazilian oil and gas company Petrobras' price estimate has been revised lower amid continuous oil price drop, low net realizations per barrel in upstream and downstream operations and S&P downgrade are impacting the company in a negative way.

Oct 04, 2015 9:01 PM EDT

Exxon Mobil is fined $2.63 million

The court had ruled out that Exxon Mobil is required to pay a total of $2.63 million in fine. The company is found guilty of committing several offences according to the final report released by the Pipeline and Hazardous Safety Administration.

Oct 04, 2015 7:11 PM EDT

Google self-driving car prototype unveiled; execs are listing partners

Google invited some media personnel a ride to the driverless car. The executives said they are currently listing partners to build the car.

Oct 04, 2015 7:07 PM EDT

Microsoft and Google end law dispute, to work together

Microsoft and Google had agreed to drop their lawsuit accusation for an undisclosed amount. The five years bitter court rival saw both companies agreed to work together regarding intellectual property and they even form a coalition with other tech giants.

Oct 04, 2015 7:02 PM EDT

LG lines up new mobile devices to push sales volume

After witnessing flat sales in mobile devices in the second quarter, LG Electronics has decided to launch a series of new smartphones from low end to mid-range to high-end segments. By launching new mobiles continuously, LG hopes to improve sales performance.

Oct 02, 2015 4:46 AM EDT

FAA is worried over 1 million drones to be sold this Christmas

Around 1 million drones are expected by the FAA to be sold this holiday season. The authorities fear it could have been misused.

Oct 02, 2015 2:32 AM EDT

Lack of clarity over US data put pressure on Asian stocks

The uncertainty over US data and timing of interest rate hike put further pressure on Asian stocks. Investors are looking to US jobs data to be announced on Friday for positive triggers that can boost the markets.

Oct 02, 2015 2:28 AM EDT

Wall Street suffers worst quarter since 2011

The third quarter ending September recorded worst performance on Wall Steet since 2011 as Dow Jones and other indices fell over 10 percent. Market analysts say that it was a much-needed correction for the US stocks after continuously rose for 1,326 days.

Oct 02, 2015 2:04 AM EDT