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Florida Woman Who Alleged Baby Powder From J&J Triggered Her Cancer Loses Lawsuit 04/19/2024

According To S&P, China's Fiscal Stimulus Is Becoming Less Effective 04/19/2024

S&P downgrades Israel's ratings to 'A+' from 'AA-' due to rising geopolitical risks 04/22/2024

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Business & Finance

Exxon's profit fell by 63%, Chevron received a loss

The world's largest oil company Exxon Mobil Corp in I quarter of 2016 had the lowest profit since 1999. Chevron Corp., second in terms of capitalization and revenues US oil company, in January-March recorded a net loss the second quarter in a row. Exxon Mobil had the lowest profit since 1999 due to...

U.S. Steel Accusations Groundless, China's Baosteel Group Says

China's Baosteel Group rubbished as being groundless the allegations that included by allegations of having stolen commercial secrets that were leveled by U.S. Steel Corp against the company and the Chinese company vowed to protect its legal rights. U.S. Steel launched a campaign this week...

Volvo To Present Autonomous Vehicles For Public Test Drives

Revolutionising self-driving vehicles have become a reality for the commoners. In an announcement, Volvo revealed that the company is planning to release self driving cars on the roads of London for commoners to begin test drives by the year of 2017. In initial stages, the “autonomous driving”...

N.A.S.A Commercialises Spacecrafts

Astronauts will soon be travelling on “commercial spacecrafts”. After a gap of five years, the astronauts from N.A.S.A took their flights from “Cape Canaveral, Florida” to embark on the “the International Space Station”, another group is all set to make a new trip on “a private spacecraft”. ...

Lloyds profit fell by 44% after bonds redemption

British bank Lloyds Banking Group PLC reported a sharp drop in net profit in the I quarter of 2016 due to restructuring charges and redemption of bonds. In January-March, the British retail bank, which 9.2% are owned by the country’s government, decreased the revenues by 1% to 4.4 billion pounds ($...

StanChart Surfaces With A Pleasing Performance

The drop in loan impairments has given confidence to StanChart for arriving at its targets. Amid the fifty nine percent losses, Standard Chartered finds its investors pleased as the bank began to turn things around as loan impairments dropped”. The interim management statement of SC states its...

AstraZeneca & Ironwood In An Agreement On Zurampic Right

The two pharmacists have arrived at an agreement whereby, they will support each other in developing gout treatment. AstraZeneca has entered in a “licensing agreement” with the “Ironwood Pharmaceuticals” on the issue of “exclusive US rights to Zurampic”. The latter is used for treating...

Google joined forces with Ford and Uber

Yesterday, Google, Ford, Volvo, Uber and Lyft announced creation of an alliance, which aims to promote self-driving cars in the USA. Within the union, these companies will cooperate with federal regulators and the public to create uniform rules for the operation of such vehicles, and their output...

British BHS chain started bankruptcy proceedings

The UK's largest retail chain British Home Stores (BHS) will be transferred to management of consulting firm Duff & Phelps, which means the beginning of bankruptcy proceedings. This was announced by the official representative of BHS, reports Sky News. Head of Retail Acquisitions consortium...

$2.3 Billion Impairment Booked by Toshiba on Nuclear Business in FY 2015

In what was a much-anticipated move to address lingering doubts over its book-keeping, Japan's Toshiba Corp said on Tuesday that it booked an impairment charge of 260 billion yen ($2.34 billion/1.5 billion pounds) for the past fiscal year on the nuclear business. As it booked a pretax...