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GM to Unveil Next Upgrade of Slow-selling Volt Hybrid in January

August 7, 2014 - by - Leave a Comment

General Motors Co. announced on Thursday it will unveil its next generation of Chevrolet Volt hybrid electric car in January. The current version is slow-selling. The automaker did not reveal …

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Business News

Telecom Italia Earnings for First Half Slide as Prices DropTelecom Italia Earnings for First Half Slide as Prices Drop

August 7, 2014 - by - Leave a Comment

The largest phone network in Italy, Telecom Italia, posted a 7.6% decline in first-half earnings as local-market revenue extended its fall in the wake of competition in the wireless sector. …

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Business News

Micromax Tops Samsung as Leading Phone-seller in India

August 6, 2014 - by - Leave a Comment

Indian low-cost smartphone maker Micromax has overtaken Samsung Electronics Co Ltd, as the top brand in all types of mobile phones in the recently concluded quarter, snapping a 16.6% market …

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Business News

Sanction Hit Russian Budget Carrier to Suspend Services

August 4, 2014 - by - Leave a Comment

A budget airline operated by national carrier Aeroflot announced on Sunday it was suspending all flights after its plane lease deal was terminated when European Union imposed sanctions on Russia …

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Regional Performance Hit By Food Scandal: McDonald’s

August 4, 2014 - by - Leave a Comment

McDonald’s Corp announced its results had been negatively affected by China’s latest food scandal that pushed restaurants in the market into temporarily stopping serving meat. A covert local Chinese TV …

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Business News

Chevron Refinery Upgrade Receives City Nod

July 30, 2014 - by - Leave a Comment

Chevron Corp. has been given the green light by city regulators to complete a $1billion modernization project at its Northern California refinery, which has been planned for almost 10 years, …

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Barclays Wants New York Dark Pool Case Dismissed

July 25, 2014 - by - Leave a Comment

Barclays Plc sought help of court in throwing out a case filed by New York Attorney General Eric Schneiderman accusing the lender of deceiving customers and concealing the role high-speed …

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Business News

GM Recalls New 717,950 Vehicles

July 24, 2014 - by - Leave a Comment

General Motors said it was executing six more recalls on Wednesday that involve 717,950 newer-model vehicles in the US following several flaws. The latest development brings the total number of …

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Business News

Amazon Introduces New Library Subscription Product

July 21, 2014 - by - Leave a Comment

Amazon.com Inc. introduced a monthly subscription service on Friday, which will allow members access to as many titles as they wish in its library of more than 600,000 electronic books, …

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Business News

Halliburton Profit Surges 20% on Heightened Drilling

July 21, 2014 - by - Leave a Comment

Halliburton Co. profit for the second quarter rose 20%. Revenue for the same period surpassed expectations, buoyed by drilling and assessment. Overall, Halliburton posted $774 million in profit or 91 …

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