Even before President Obama announced the US military expansion in Syria, Pentagon's campaign against ISIS militant group in Iraq and Syria forced analysts to believe that resupply of ammunition would require additional several billion dollars. "In a sense, we are now going through what has already...

After influential shareholder Carl Icahn revealed that he had sold his entire stake in the company and as following extensive worries festered about a slowdown in iPhone sales, Apple Inc on Friday ended its worst week on the stock market since 2013.   There was a drop of 11 percent in the...

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...

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...

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”...

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”.  ...

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 ($...

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...

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...