Indicating that its $150 billion dollar nuclear power program is getting off the ground, India expects to seal a contract with Westinghouse Electric Co LLC to build six nuclear reactors in the first half of next year.   India plans to set up roughly 60 reactors, which would make it the...

Forest City Enterprises sells Barclays arena and the Brookyn Net team to Onexim. In an announcement, the Forest City Enterprises, Inc. revealed that “Onexim Sports and Entertainment” has engaged itself with the former’s subsidiary, Nets Sports and Entertainment, through a “purchase and sale...

The sales of Cliffs’ coal mines have ended following a transaction deal with the ‘Seneca Coal Resources, LLC.’ The coal businesses, the “Pinnacle Mine” and Oak Grove Mine, of the Cliffs Natural Resources Inc. situated in the West Virginia and Alabama respectively, have been closed. The same has...

Mad and thoughtless drilling of gas wells in the United States begins to slow noticeably, as the industry is trying to cope with oversupply. Natural gas prices in the US fell to its lowest level in more than a decade this December, falling below $ 1.8 per million British thermal units.  ...

The British tax officials are mulling possibilities of forcing Amazon and eBay to cough up the bills for the ballooning VAT fraud associated with an army of small overseas sellers who are rapidly coming to dominate sales of many popular items on Britain’s leading shopping websites.  ...

Handing over greater control to its big investors, Apple Inc has amended its corporate by laws that would allow shareholders to nominate new board members. It is the latest of the US companies to empower the shareholders and investors in relation to control over the company.   As major...

Proposed business mergers that can be threats to national security could be helped being blocked by the regulators as the Pentagon and other U.S. government agencies complete a legislative proposal in coming weeks. At present the US regulators can only block mergers based on just antitrust...

The Asia-Pacific region is attracting increasingly more attention of investors and entrepreneurs from around the world. Only in 2014, businesspeople invested $ 38.9 billion within 1357 transactions, up from $ 9.4 billion a year earlier, according to research agency Aranca. Analysts point out that...

After having pledged to help develop so-called ‘intelligent assistants’ for connected car technology, BMW, Samsung and Panasonic are working with speech recognition company Nuance to build out new intelligence to enable speech systems to more easily deal with regional or country-specific accents....