A contract worth $1.2 billion has been awarded to Lockheed Martin Corp for upgrading South Korea’s F-16 fighter aircrafts. The Pentagon has reported that it has awarded a contract to Lockheed Martin Corp, a subsidiary Lockheed Martin Aeronautics Co., worth $1.2 billion to upgrade F-16 fighter...

As of Sept. 30, the company had posted a loss of $5.7 million on a turnover of $643.8 million. The Blackstone Group has a majority stake in the company. Optiv Security Inc., wherein Blackstone Group LP has a majority stake, has filed for an initial public offering, of its common stock, with U.S....

Countries and businesses are now being scrutinized to make sure they implement the correct strategies to deliver a greener future, following the breakthrough at the United Nations COP21 conference last year.   Oil majors will have to embrace the new energy world, or face getting left...

The world's highest rents for shops are being paid by Shops along New York's Upper 5th Avenue, says a report from one global real estate firm.   According to Cushman & Wakefield's report that is titled "Main Streets Across The World", companies ad brands like Cartier, Abercrombie &...

Ford abandons its plans of shifting small car production to Mexico The executive chairman of Ford Motor Co., Bill Ford Jr, told the president-elect of the United States, Donald Trump that Ford Company “would not” shift the Kentucky plant’s production to Mexico. In Twitter post, Trump wrote: “I...

China becomes the testing ground for Toyota’s fuel cell vehicles. On Friday, the 18th of November 2016, Hiroji Onishi, the Head of Toyota Motor Corp., present at the “Guangzhou auto show”, revealed that the company is “testing” the Mirai, a “fuel-cell vehicle” in China.   The options of...

Deutsche Bank will abandon its earlier decision to pay bonuses to six former managers of the bank, reports Süddeutsche Zeitung. The list includes former Chief Executive Josef Ackermann, his former deputies Anshuman Jain and Jürgen Fitschen. Three other top managers are former members of the bank’s...

GE Digital company, a division of US conglomerate General Electric, announced a deal to acquire cloud service provider ServiceMax for $ 915 million. Closing is scheduled in January next year. A division General Electric, GE Digital, intends to purchase a service provider cloud service ServiceMax...

ASUS has released results of III quarter, fiscal year 2016. Revenue of the manufacturer was $ 3.4 billion, an increase over the quarter by 14%, but decrease by 3% for the year. Operating profit for the year slipped by 15% to $ 122.7 million. Net profit in annual and quarterly terms increased by 42%...