At least 18 of General Electric Co’s newest gas turbines, from Taiwan to France, is being shut down for repairs, reported news agency Reuters quoting information from more than a dozen plant operators and industry experts.   This development was preceded by failure of the GE turbine blade in...

The successor of the beleaguered former chairman of Japanese automaker Nissan - Carlos Ghosn, is yet to be finalised by the car maker following the arrest of Ghosn on November 19 on charges of financial misappropriation under the Japanese law.   While the independent board members of the...

The much waited set-top box’s new version from Iliad is out which offers new key features. The Chief Executive of Illiad of France, Thomas Reynaud informed on Tuesday, 04 December 2018, that the company is attempting to revive its sales that are on the decline, whereby in its “new set-top box”...

The leadership position of Ford Motor Co in the US commercial fleets is to be challenged by General Motors Co in terms of sales in order to increase profit margins because the company is facing reduction in consumer demand.   GM wants to increase demand and sale of light-duty trucks and cars...

Over the past five years (from the second quarter of 2013), non-financial corporations around the world have accumulated a total of more than $ 16 trillion of net debt, according to calculations by the Washington Institute of International Finance. Now the amount of debt is at a record high level...

AT&T Inc has said that it is planning to offset its huge pile of debts and is committed to doing so by next year and for this purpose, the company is already considering a number of measures which includes revisiting the investments and feasibility of all of the non-core assets of the company...

Tesla has managed to increase its production of Model 3 electric cars to a thousand a day – resulting in about 7000 units a week. however the US electric car maker is now focusing on maintaining that production rate and bringing down production costs according to reports.   According to an...

A new study on the aerospace sector in South Carolina, US, claims that over the last few years, there has been a steady growth in the industry which has spurred expansion projects being taken on by many smaller and midsize aerospace firms and suppliers so that they are able to keep with growing...

The South Korean Supreme Court upheld the appeals court decisions in two lawsuits filed against South Korean Mitsubishi Heavy Industries. The lawsuits demanded that the company compensate forced labor during the World War II. “We respect the court decision, and we will try to heal the wounds of...