Virgin Galactic has announced that it will repurpose one of their Boeing 747-400s to be used as the dedicated launch vehicle for their LauncherOne small satellite launch business.

Dec 07, 2015 05:56 AM EST

Epson has unveiled its PaperLab, a large machine that can take waste A4 and A3 copy paper and make new paper of varying colors, thicknesses, and densities. However, the exactly specifications and energy consumption information is currently unknown.

Dec 07, 2015 05:46 AM EST

Quitting you job and starting your own business, can be a quite scary and daunting process. Nearly 50% of the new businesses fail within first five years and only 3% of those remaining ever make it to the 10 year mark. The reason that majority of the businesses fail is due to simple lack of planning. While there is no formula for success but there are some rules every business should follow to be on the right track.

Dec 07, 2015 04:50 AM EST

After Facebook and Google, Skype has come forward to help flooded Chennai, as company is offering free international calls to landline and mobile into Tamil Nadu for the next few days. The city of nearly 5 million people is experiencing its worst rainfall in over 100 years.

Dec 07, 2015 04:44 AM EST

The China's economy slowdown and concerns about possible interest rate hike by US Federal Reserve are impacting iron ore prices, which are hovering at $40 per metric ton. Adding to this, the increased supplies from global majors are further putting pressure on iron ore prices. The sluggish Chinese steel industry has also become a cause of concern.

Dec 07, 2015 04:17 AM EST

Volkswagen's CEO, chairman, and top shareholders held talks in Qatar to discuss the company's emissions tests scandal and Volkswagen's new structure and future business focus. The Qatar investor was calling for changes in the Volkswagen management following the emissions scandal that has cost the shareholders billions.

Dec 07, 2015 02:10 AM EST

Amazon is adding thousands of trailers to its shipping fleet. The Amazon branded trailers are owned by the retailer while trucks would be provided by third-party truck companies. The new fleet of trailers will be used for shipment of inventory between warehouses of Amazon, but not for direct delivery to shoppers. Amazon hopes to strengthen its supply chain management fulfilling its two delivery options on the same day or within two days.

Dec 07, 2015 02:07 AM EST

India’s Prime Minister Narendra Modi is in favor of corporatizing state-run firms. He calls for a combined effort of central government and states to ensure sustainable economic recovery. While criticizing the old concept of divesting or closing down of state-run firms, Modi aims at bringing efficiency in the public sector undertakings (PSUs).

Dec 07, 2015 02:04 AM EST

In order to prove the toughness of its latest arrival, Volvo handed the control of its FMX vehicle to a 4-year-old. The girl named Sophie drove the vehicle surprisingly good through all the rough and tough obstacles. The commercial stunt has gone viral on social media.

Dec 07, 2015 02:00 AM EST

Mexican petroleum major Pemex has opened its first overseas gasoline station in Houston. Pemex will set up five more gasoline stations in the US as part of its expansion plan. The Mexican energy giant is suffering from oil price drop in addition to lower production level. The Mexcian government has opened up its energy sector by allowing foreign companies to set up gasoline stations in Mexico.

Dec 07, 2015 01:59 AM EST

Barclays Plc is keen on working with India Post to spread its services across the country. The Department of Post is among 17 firms that have been approved to set up Payment Banks in India. The huge infrastructure and Common Service Centres of India Post are attracting many global and domestic banking giants.

Dec 07, 2015 01:56 AM EST

Since the broke out of emissions scandal, Volkswagen has been suffering from sluggish sales volume. The sales of German auto major fell 20% in the UK and 25% in the US during November, while it managed to sustan in its home market as sales dip marginally by three percent.

Dec 07, 2015 01:54 AM EST

Banana Republic, a brand of Gap Inc, has been suffeirng sluggish sales for the past seven months. it fell 15 percent in November. Gap Inc is witnessing declining sales across its 3,700 stores. Banana Republic is in the process fo redesing product range to win the hearts of buyers.

Dec 07, 2015 01:47 AM EST

The oil produced in western Canada has turned out to be cheaper than imports. This situation is driving oil refineries in eastern Canada to get crude oil from western Canada. Enbridge's Line 9B, a newly reversed pipeline started pumping oil to eastern Canadian refinery.

Dec 07, 2015 01:42 AM EST

Armored vehicle maker INKAS unveiled an armored version of Mercedes-Maybach S600 luxury sedan. The armored S600 offers a bulletproof body that meets European CEN 1063 BR7 standards. The armored Maybach S600 will be on sale next year and priced at $500,000.

Dec 07, 2015 01:40 AM EST