In what could be the first major nail in the DVD sales coffin, Wal-Mart has announced that it is going to test a video download service on its website next year. When Wal-Mart, the world's largest retailers and America's largest seller of movies shifts...
The US Supreme Court yesterday upheld last year's Illinois Supreme Court ruling throwing out the massive $10.1 billion judgment against Philip Morris in a class-action lawsuit involving cigarettes sold as 'light'.
The class-action lawsuit claimed...
Boeing has turned away Southwest Airlines, Boeing's best customer to date having sold a whopping 477 Boeing 737s to the company alone. Southwest Airlines that flies only Boeing 737s wanted to add two more places on its recent order of 80. However, Boeing.
US carmaker Ford has admitted that it plans to borrow $18 billion to get back on its feet from its rapidly worsening financial condition. What's more, Ford has also admitted that it was pawning its US plants as collateral for the latest loans.
Ford...
The Italian government has floated a new conflict of interest law that may weaken Silvio Berlusconi's dominance of the Italian television and help rival media baron Rupert Murdoch, Chairman and CEO of News Corp in the country.
Under the proposed law..
The world's largest retailers Wal-Mart is poised to enter the retail market in India following an agreement with India's Bharti Enterprises. The two companies announced that they have entered into a deal to what they termed as - 'jointly explore business.
Oil prices is once again all set to rise owing to the multiple factors such as disruption in oil production in Nigeria, oil production cut by OPEC, increased demand of oil during winters and troubled Middle-East. Under these circumstances...
Google has reached an agreement with the Belgian copyright groups Sofam and Scam who represented about 3700 photographers and journalists respectively. Google lost a copyright case initiated by the group Copiepresse that was representing French and...
Sony has announced that it is recalling eight models of its popular Cyber-shot digital cameras after finding a glitch in its LCD display screen. Sony revealed that due to a glitch in the image sensor, the screen doesn't display the image correctly. The...
The US dollar has fallen steeply against major world currencies today amid concerns for the US economy. It plunged to its lowest level against the euro in more than one and half year as the euro sold for $1.30 a dollar. Similarly, the Pound Sterling rose.
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