A $15bn contract for US Air Force rescue helicopters won by Boeing has now came under the threat of as a US government watchdog body has asked to reopen the bid. The Government Accountability Office has suggested Air Force in a nonbinding decision...
Chrysler Group of DaimlerChrysler AG has now decided to offer select hourly employees between $70,000 and $100,000 to leave the struggling U.S. auto maker as part of a recently announced restructuring plan. Chrysler is expected to begin offering...
Airbus, stained in trouble, is preparing to announce up to 10,000 job cuts at key operating sites across Europe. Workers in France and Germany are likely to be affected most with this prospective job cuts, in addition to it around 1,500 job losses...
Apax Partners and Morgan Stanley's chief investment unit has agreed to acquire Chicago insurance brokerage Hub International Ltd. for around $1.7 billion. The decision was revealed by Hub recently that also marked the fact that yet another...
Defence firm European Aeronautic Defence & Space Co. has finally approved a long and eagerly awaited restructuring plan for its Airbus subsidiary, which will be resulted in thousands of job cuts. On the other hand, investors hope to find out by...
DaimlerChrysler is reportedly contemplating a potential deal with General Motors, which would involve swapping its money-losing Chrysler unit for a minority stake in its long-time rival. The Stuttgart-based German-American carmaker is weighing this...
The UK government has launched an unprecedented inquiry into whether the influence of Rupert Murdoch's pay-TV empire in Britain is against the public interest. The decision, the first of its kind under legislation passed in 2002, was hailed as..
Intel Corp. is planning to invest something between $1 billion and $1.5 billion to upgrade its chip factory in New Mexico. The company is also increasing a bet on a new manufacturing technology that could aid the company's battle with Advanced...
Microsoft Corp. has recently announced that it will buy Medstory Inc., a California-based start-up company that develops Web search technology for medical information. Microsoft has taken this decision to buy a small consumer health Web-search...
Japan's Toyota Motor Corp., seriously concerned to increase manufacturing capacity in North America to ward off any potential trade concerns, is likely to choose Tupelo, Miss., as the site for the eighth North American assembly plant. However, it...
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