C.E.D files a petition for proceeding with its sale of Assets, whereby the company wants to sell ‘substantially’ all of its assets. Bidders are open to name their price. Hoping for relief, the “Cambridge Endoscopic Devices, Inc.” filed an appeal “under chapter 11 of the Bankruptcy Code”. The case...

Global trade for 2015 has been downwardly revised by WTO from its earlier 3.3% to its current 2.8%. A major component of this revision can be attributed to the rapid cooling of the Chinese economy, low prices of oil and commodities as well as falling demand from Brazil. As per the World Trade...

Riding on the first model of its long-awaited Model X electric sports-utility vehicles, analysts are of the opinion that Tesla, which has been facing losses for quite some time, could bounce back into profitability. The car was launched on Tuesday.   This is a milestone of sorts for the...

Anticipating high financial losses following the emission scandal, German auto maker Volkswagen has initiated cost cutting measures as the company reportedly readies itself to face potential business losses. The company has imposed a hiring freeze at its financing business and cut a shift at a...

The famous American fashion designer and founder of his own fashion house Ralph Lauren is stepping down as CEO Ralph Lauren. His successor will be Stefan Larrson, who now heads the brand Old Navy, owned by Gap. The famous American fashion designer and founder of his own fashion house Ralph Lauren...

Re/code reported on Tuesday that users of Twitter could soon have more than the 140 characters stipulated for placing their views as the company I building a new product that will allow users to share tweets that are longer 140-character limit.   The website reported this quoting multiple...

The Reynolds American Inc's Natural American Spirit tobacco business outside the United States would be bought over by the Japan Tobacco Inc which would pay 600 billion yen ($5 billion) in cash to the American company.   The two companies announced this in two separate statements on Tuesday....

Following Yahoo’s announcement on Monday that it was going ahead with the spinoff of its stake in Chinese e-commerce company Alibaba Group Holding Ltd despite the risk that the deal might not be tax-free, the shares of the company rose as much as 6 percent on Tuesday.   On Tuesday, Yahoo...

Within the next few days Volkswagen is planning to recall around 11 million cars in response to the emission scandal that rocked the company and the auto world recently   News agency Reuters reports that a comprehensive plan has been drawn up to ensure vehicles fitted with a defeat device...