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Microsoft strategizes on operating segment-wise results

Microsoft Corporation will announce its financial results based on three operating segment-wise business. These three new headers-based quarter results will be effective from next quarter results scheduled to be announced on 22 October.

Sep 29, 2015 9:27 AM EDT

News

Panasonic aims $2B revenues from smart phone biz

After its previous unsuccessful efforts in the smart phone business, Panasonic is making a comeback. It's planning to push sales volume by three times in next three years to reach $2-billion revenues target. Panasonic has decided to make India as its base for expanding in Africa, Middle East and South Asian markets.

News

NASA redesigns heat shield for Orion's EM-1 space mission in 2018

NASA is redesigning the Orion heat shield for its EM-1 space mission in 2018. They came up with a new strategy that will save costs and reduce manufacturing time.

News

Profit target for Kobelco down 58% as China's economy slows down

Chinese economy slowdown is adversely impacting Japanese construction and equipment manufacturers. Kobe Steel has reduced profit forecast for its unit Kobelco Construction Machinery by 58 percent. The drop in sales is likely to continue in 2016 year also.

Qatar plans $35B investment in US market

Qatar Investment Authority (QIA) has earmarked $35-billion investment for the US market. As part of its global strategy on investments, Qatar is looking to investment opportunities in several sectors in the US economy. Qatar says it planned investment for next five years and this will create jobs for Americans.

Sep 28, 2015 10:35 PM EDT

Oil traders stockpile at sea amid rising glut

The ever increasing surplus in oil production is boosting more demand for storage facility. The Contango opportunity is driving traders to store more oil on shore storage capacities. Many global oil companies and traders as well are booking tankers for next one year.

Sep 28, 2015 9:25 PM EDT

Gates Foundation sues Petrobras and Auditor for Fraud

The list of Petrobas’ problems just grew larger as The Bill and Melinda Gates Foundation recently joined the plaintiffs who are suing the company over its treachery and corruption.

Sep 28, 2015 8:59 PM EDT

Mark Zuckerberg speaks at UN: Internet access can eradicate extreme poverty

Mark Zuckerberg says connecting the world to the internet will alleviate poverty. Facebook Founder Mark Zuckerberg recently spoke at UN and says there is more that can be done that's why he and Microsoft founder Bill Gates, along with Wikipedia founder Jimmy Wales, and U2 front man Bono rallied to eradicate poverty by bringing internet access all over the world.

Sep 28, 2015 8:41 PM EDT

VW scandal exposes cozy ties with Berlin

The 413 billion euros could be the reason why there is a strong tie between Berlin and the German automobile industry.

Sep 28, 2015 7:05 PM EDT

Australia's Vocus to acquire its rival M2 Group for A$1.93B

Vocus Communications agreed to buy the M2 Group for A$1.93B. The merging will make them the fourth largest telecom company in Australia and third in New Zealand.

Sep 28, 2015 9:41 AM EDT

Giant companies to combat climate change through renewable energy

Peole around the world is ignoring the harmful effects of climate change may bring. And now that we are experiencing its wrath, countries and companies pledged to use renewable energy to fight climate change hoping it's not too late.

Sep 28, 2015 8:41 AM EDT

Volkswagen new CEO to steer German auto maker on the right track

Reacting first time on the emission results rigging scandal after assuming the new position, Matthias Müller, the new CEO of trouble-hit Volkswagen, has assured investors and customers that such misconduct will never happen again.

Sep 28, 2015 4:35 AM EDT

Coca-Cola disposes off nine U.S. bottling plants as new supply system arises

Coca-Cola Co. is planing to sell its nine US-based production facilities as part of the plan that could cut the costs and modernized operations.

Sep 28, 2015 4:33 AM EDT

Pope urges US to act on climate change now

Pope Francis urges the United States to join a global campaign against climate change, making clear his position that global warming is moral issue that needs immediate action. The pope made the call during a welcoming ceremony at the White House, his first public engagement of his 6-day trip to the world's richest nation.

Sep 27, 2015 9:38 PM EDT

Toshiba to offload stakes in white goods biz to Skyworth

After feeling the heat of $1.3billion accounting scandal, Toshiba has undertaken restructuring plan to overhaul its operations including overseas network. Toshiba is selling five percent stake each in two whitegoods units to Chinese firm Skyworth Digital Holdings. Toshiba has convened an EGM on 30 September to discusson on future plan.

Sep 27, 2015 9:02 PM EDT

Split in hedge funds group over Puerto Rico's restructuring plan

The group of hedge funds seems to be slitiing off over the restructuring plan for the ailing Puerto Rico economy. Recently the Islan's governor Alejandro Garcia Padilla said that debts were unsustainable. Since then difference of opinion has started widening further among the members. On the other hand, there's increasing voice against the participation of Antonio Weiss in the restructuring talks as it leads to conflict of interest.

Sep 27, 2015 8:57 PM EDT