As co-founder Jack Dorsey readies to revive growth in the microblogging service provider's user base in his second stint as chief executive, Twitter Inc announced the lay off up to 336 employees, or about 8 percent of its workforce.   It has been just weeks that Dorsey had taken over as the...

German chipmaker Infineon Technologies announced plans to build a second plant in China near Shanghai. About $ 300 million will be spent on the plant’s construction. After the launch, the company will employ 2.5 thousand locals, and its area will amount to nearly 36 thousand sq. m. According to...

SunCoke has issued statement keeping the announcement of U.S. Steel in mind. The announcement made by the U.S. Steel that was issued on the 6th of October 2015 received a statement from the “SunCoke Energy Partners, L.P.” and the “SunCoke Energy, Inc.” whereby the latter is to “temporarily” suspend...

One of the most anticipated IPO in recent years has entered the final stage. Ferrari’s shares trading is beginning in less than 10 days. So far, the company has been estimated at less than $ 10 billion, what is well below expectations. The shares of the luxury and status vehicles’ manufacturer will...

Japanese technology and vehicle companies innovating to create both high- and low-tech products for consumers to allow ease of use for the fast aging Japan’s population.   This became evident at a Japan’s exhibition for nursing care and rehabilitation, the largest in Asia, where Japanese...

Heli-One has stepped in front by providing world-class helicopter service facilities which will be availed by SonAir. Heli-One’s Rzeszow facility based at Poland will prove beneficial to the “SonAir Serviço Aéreo, S.A.” The latter is a helicopter service provider to “Angolan oil facilities” which...

Wal-Mart’s hope for increasing market share in China has suffered a huge blow after the departure of a major local partner for its traditional brick-and-mortar stores. The reason being rumored around in the business parlance is reflection on the rapid changes in the traditional retailing market...

Dell is in talks to buy a top player in the storage market: this is EMC, which presumably can go for $ 50 billion, according to Wall Street Journal, citing informed sources. The deal will be the largest in the high-tech industry would allow Dell to become the leading provider of data storage...

A “death ray” for drones in the UK can now knock an unmanned aerial vehicle out of the sky by turning it off in midair up to a mile away. The ray has been developed by a team of British technology firm.    “If I can see it, I can kill it,” said Rick Sondag, executive vice-president of...