Even though the revenues from sale of mobile phones drove the performance of South Korean electronics giant Samsung Electronics in the third quarter, the company expects that its growth next year will be driven by chip sales.   A warning that profits from the sale of its smartphones will be...

Murray Energy Corp., the largest private coal company in the United States, became the last in a series of coal companies to declare bankruptcy. The company filed a bankruptcy petition in accordance with Section 11 of the Bankruptcy Law (restructuring under protection from creditors). "Although...

Without the Qatari investors’ representative in Deutsche Bank’s board, they will not want to have Achleitner in the chairman’s post. The failure of Deutsche Bank’s chairman to place the lender’s Qatari investors’ representatives in its board didn’t go well with the latter as they have demanded for...

There were warnings issued by a Boeing pilot that the Boeing 737 Max plane was was “running rampant” in simulator tests. This was conveyed by the plane’s chief technical to a colleague in November 2016, much before the aircraft was certified to be safe for flying by the United States Federal...

Chinese smartphone maker Huawei has a total market share of 42 per cent in its home market after the company managed to ship about 41.5 million smartphones in the third quarter. This rate of shipment also marked a 66 per cent growth year on year for the company.   Despite a general slowdown...

IndiGo Airlines of India placed a firm order for 300 A320neo, A321neo and A321 aircraft. Airbus press service noted that the order for 300 aircraft of the A320neo family from IndiGo is "one of the largest orders for Airbus aircraft from any one airline." After completing this order, the IndiGo...

A regulatory filing by the United States based electric car maker Tesla showed how the company had fared in a break down of its sales by geographical area. The filing showed that the sale of the company’s cars in the United States during the third quarter had tumbled by 39 per cent which was the...

The damming investigation report by Indonesian investigators about the fatal Lion Air crash last October involving Boeing’s 737 Max planes has forced the largest plane maker of the world to sat that the concerns mentioned in the investigation report by Indonesia were being worked upon by the...

Shares of the American manufacturer of fitness trackers and various smart fitness devices have reacted rapidly to media reports of interest from the parent company Google. The reason for this rally was a message from Reuters referring to unnamed sources that Alphabet Corporation allegedly made an...