The European planemaker Airbus’s group chief executive said that the A380 program would not massively be driven into the red by Airbus's decision to cut production of the world's biggest passenger jet.   Airbus hopes to return to higher levels of output in the years ahead and the company...

Google has reached an agreement with the business social networking site LinkedIn on the exchange headquarters in the Californian city of Mountain View. It is reported by Silicon Valley Business Journal. Under the terms of the cash-strapped deal, Google receives all the territory now belonging to...

Portuguese authorities have appealed to the European Commission with a protest against the merger of the German group Deutsche Boerse and the London Stock Exchange. Finance Minister of Portugal Mario Centeno said that merger of the largest stock exchanges in Europe - the Frankfurt Stock Exchange...

For the first half of the year, Mercedes-Benz has overtaken BMW in the number of cars sold. The company's goal is to regain leadership in the segment of luxury cars, lost 11 years ago. Mercedes-Benz in the first half of 2016 has overtaken BMW in the number of vehicles sold, approaching its goal to...

It has been a good week for Airbus. While the company has inked a $4.4 billion deal with Virgin Atlantic for supply of 12 A350s, the company is also reported to be very close to striking a $7.5 billion A350neo deal wiht GoAir.   If media reports based on sources that are close to the company...

Companies like Orbotech Ltd. are helping ensure billions are well spent for Chinese companies as questions arise about whether China has bitten off more than it can chew when it comes to making chips.   As factories pump out increasingly complex chips for smartphones and tablets, Orbotech...

Emboldened by rising crude prices and low costs that promise to trigger more expansion ahead, the world’s largest oil companies are regaining the confidence to make big investments which was displayed by two projects worth $45 billion that were announced this month. In what is tipped as the...

EU governments gave the green light to a commercial data transfer pact provisionally agreed by the EU executive and the United States in February. This approval would pave the way for it to come into effect next week, said the European Commission.   On concerns about intrusive U.S....

Blaming the forgery on a gambling addiction the accused could not control and engineering a fraud where investors were looted over $38 million, former Wall Street executive Andrew Caspersen pleaded guilty to charges that had been laced against him.   Caspersen pleaded guilty in federal court...