Samsung can be accused of deception of certification laboratories, according to The Guardian. It is reported that, in test mode, Samsung TVs automatically reduces the brightness of the backlight that reduces power consumption. In actual use, they don’t. European Laboratory ComplianTV accuses...

After having reached a restructuring deal with 95% of its secured lenders to reduce its debts, Los Angeles-based American Apparel has filed for Chapter 11 bankruptcy protection.   Around $90m in debtor-in-possession financing would be provided by American Apparel's secured lenders...

The first ever “neural automation system” will be developed by Tata Consultancy Service. London – 02 October 2015 – A “British mutual financial institution” has entered into a partnership with the “Tata Consultancy ServicesBSE 2.01 %”, one of the major IT firms, which was announced by the latter on...

South Korean electronics giant is trying to start a culture that infuses the Silicon Valley startup culture into a huge multinational conglomerate.   Progress in this aspect is being made primarily due to the setting up of an innovation centre, accelerator,...

Following the Volkswagen emissions scandal, more than two dozen diesel car models made by BMW, Chrysler, General Motors, Land Rover and Mercedes-Benz are being investigated by the U.S. regulator that exposed Volkswagen's rigging of emissions tests to ascertain whether the other car manufacturers...

After a $1.3 billion accounting scandal, Japanese electronics giant Toshiba Corp could lay off staff in its under performing home appliances, TV and PC businesses.   This was said by the chief executive of the company on Thursday adding that the company was on the lookout for a partner for...

Around 500 employees are expected to be laid off by Wal-Mart Stores Inc at its headquarters in Arkansas as part of the retail giant's efforts to pare costs, reports the media. Quoting sources knowledgeable about the company affairs, American media says that the global retail giant is slated to...

C.E.D files a petition for proceeding with its sale of Assets, whereby the company wants to sell ‘substantially’ all of its assets. Bidders are open to name their price. Hoping for relief, the “Cambridge Endoscopic Devices, Inc.” filed an appeal “under chapter 11 of the Bankruptcy Code”. The case...

Global trade for 2015 has been downwardly revised by WTO from its earlier 3.3% to its current 2.8%. A major component of this revision can be attributed to the rapid cooling of the Chinese economy, low prices of oil and commodities as well as falling demand from Brazil. As per the World Trade...