Following the jump in passenger revenues, the IAG’s total profit takes a leap.  The “operating profit” of the “International Consolidated Airlines Group” witnessed a fourteen percent passenger revenue growth ere some “exceptional items” went up by sixty eight percent.   The airline...

In a move that would smooth its market reach in Britain, the US online retailer – Amazon, struck its first supply deal with one of the UK’s “big four” supermarkets – Morrisons.   From now on Amazon would take orders of and deliver hundreds of Morrisons fresh and frozen food products....

Information from the luxury car brand Mercedes-Benz to explain emissions levels in some of its cars has been requested by the United States Environmental Protection Agency (EPA), Daimler on Sunday.   Claiming that the Mercedes-Benz cars conform with all rules and norms, a spokesman for...

More than 1.8 million workers in China would be laid off in China, the country announced on Monday. The sectors where this restructuring would take place are in the coal and steel industries.   This would amount to about 15 percent of the total workforce and is has been described as a part...

Research institutions and companies across North America are not letting up in their efforts to make production more efficient even as energy firms around the world slash spending and cut jobs in response to crashing oil prices.   Research centers, helped by multi-year budgets and grants,...

Vigorous defenses of an aggressive private equity partner and a maligned mobile home unit was launched by Warren Buffett on Saturday as he used his annual letter to Berkshire Hathaway Inc shareholders.   This move was undertaken even as his conglomerate recorded robust profits.  ...

Taking on Walt Disney Co. in the euro area’s second-largest economy, a partnership led by Chinese billionaire Wang Jianlin’s Dalian Wanda Group co. plans to invest more than 3 billion euros ($3.3 billion) in a retail and leisure development project outside of Paris.   The project...

Claiming that pursuing a merger would be "irresponsible" toward its shareholders, U.S. industrial conglomerate United Technologies on Friday rejected a $90.7 billion offer by rival aerospace supplier Honeywell International Inc.   One of the largest U.S. companies with almost $100 billion in...

A federal apppeals court on Friday overturned a 2014 verdict that slapped the South Korean tech giant with nearly $120 million in damages for copying certain iPhone features in what is being seen as Samsung's biggest legal win over Apple in their longrunning patent war.   The U.S. Federal...