Today in China, the Swiss manufacturer Swatch watches presented a new watch model Swatch Bellamy, with which users can pay for goods and services. Model, costing $ 95, will be available in January 2016, first in China and later in Switzerland and the United States, and may be a direct competitor...

Ducommun Incorporated secures a “multi-year” contract from Boeing Company for manufacturing “Trident Navigation System” and “resolvers”. Ducommun Incorporated or the Ducommun Company broke the news that it has been engaged with “a multi-year award from the Boeing Company” in an announcement that...

Apple has been charged and found guilty of illegally using technology that was owned by the University of Wisconsin-Madison's licensing arm.   A U.S. jury on Tuesday found the iPhone maker guilty and Apple Inc could be facing up to $862 million in damages.     The court viewed...

In the wake its emissions cheating scandal, German car maker Volkswagen (VW) plans a complete makeover of its diesel technology.   According to VW brand chief Herbert Diess, the new versions of its high-mileage engines should go into production "as soon as possible".   The maker's...

As a means of encouraging greater adoption of hydrogen powered fuel-cell electric vehicles, petrol stations around Europe will soon begin to offer hydrogen fuel pumps alongside their standard unleaded and diesel options.   On Tuesday, Shell announced to install a huge nationwide network of...

As co-founder Jack Dorsey readies to revive growth in the microblogging service provider's user base in his second stint as chief executive, Twitter Inc announced the lay off up to 336 employees, or about 8 percent of its workforce.   It has been just weeks that Dorsey had taken over as the...

German chipmaker Infineon Technologies announced plans to build a second plant in China near Shanghai. About $ 300 million will be spent on the plant’s construction. After the launch, the company will employ 2.5 thousand locals, and its area will amount to nearly 36 thousand sq. m. According to...

SunCoke has issued statement keeping the announcement of U.S. Steel in mind. The announcement made by the U.S. Steel that was issued on the 6th of October 2015 received a statement from the “SunCoke Energy Partners, L.P.” and the “SunCoke Energy, Inc.” whereby the latter is to “temporarily” suspend...

One of the most anticipated IPO in recent years has entered the final stage. Ferrari’s shares trading is beginning in less than 10 days. So far, the company has been estimated at less than $ 10 billion, what is well below expectations. The shares of the luxury and status vehicles’ manufacturer will...