Inmarsat, the leading provider of global mobile satellite communications, and European satellite leader Astrium has signed a deal for to make Alphasat I-XL satellite. This is being seen as the world's largest telecommunications satellite.
Through...
In the share market business, there's no telling when things might go wrong. The latest news is the fall of global stocks along with the downfall of Goldman Sachs. The profit percentage went down by as much as 7%! Currently, it projected about...
Wal-Mart - does the name sound familiar? Well, this is one of the biggest retail chain in the U.S. But, with the growth of other brand names like KMart, Macy's, as well as Kroger, Wal-Mart is facing a hard time in the retail business. With the ever...
Abu Dhabi's government has taken an 8% stake in the chipmaker company, Advanced Micro Devices (AMD). AMD has been struggling to control costs while trying to refocus on its research and development efforts, have received $622 million worth of...
The US sub prime crisis could lead financial companies to significant losses to the tune of about $400 billion, according to an estimate by the US investment bank Goldman Sachs. The estimate by Jan Hatzius, the chief economist of Goldman Sachs, is...
The troubled Wall Street investment bank Merrill Lynch, now has a new chairman and chief executive - John Thain, the chief executive of NYSE Euronext. He replaces Stan O'Neal who stepped down two weeks ago after the company announced that it was...
Airbus said on Tuesday it expects at least 290 plane orders from the Dubai Air Show, raking in some $85 billion in announcements this week. Airbus S.A.S. is the civil aircraft manufacturing subsidiary of EADS N.V. (European Aeronautic Defense and...
Cognos, is to be acquired by I.B.M. for $4.9 billion. The takeover of Cognos, which is based in Ottawa, followed last month's acquisition of the French company Business Objects, another maker of business intelligence software, by SAP of Germany for...
Google's $3.1 billion purchase of DoubleClick stands amidst controversy as European Commission competition authorities refused to approve the deal.The commission, which rules on antitrust issues for the 27 countries in the European Union, said the...
Here's a shocker(or is it really): A $300 million, super-sized luxury airplane, bought by a Saudi Arabian billionaire.
Once done, the Airbus A380, the world's biggest passenger plane, will be a "flying palace" for Prince Alwaleed bin Talal, the...
Bindeez and Aqua Dots toys have been a big hit in the US, Australia, South Africa and several other nations. Recent reports claiming that they are contaminated with GHB - chemical linked to date-rape drug (a powerful sedative when swallowed) have...
Sub-prime crisis in the US has taken its toll in the markets around the world. Several top American firms are facing some tough times. CEOs are bearing the brunt of investor's ire. One such man Charles Prince - Citigroup's top man who resigned on...
This was one industry Vijay Mallya had not dabbled yet. The world's oldest and 2nd largest scotch-whisky brewer has been a politician, is into aviation business, collects vintage cars, has business interests in racing, horse breeding, hotels etc....
Microsoft has fired its chief information officer, Stuart L. Scott, for violations of company policies. Microsoft declined to give the exact reason for the dismissal.
'Stuart Scott's employment with Microsoft was terminated after an investigation for...
Executives on Wall Street may be the latest victim of the subprime mortgage collapse and the tight credit market. Bonuses are expected to go down by at least 15 percent.
Wall Street is a city street in lower Manhattan in New York City in the United...
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