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

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

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

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

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

Riding on the first model of its long-awaited Model X electric sports-utility vehicles, analysts are of the opinion that Tesla, which has been facing losses for quite some time, could

Anticipating high financial losses following the emission scandal, German auto maker Volkswagen has initiated cost cutting measures as the company reportedly readies itself to face potential business losses. The company

Re/code reported on Tuesday that users of Twitter could soon have more than the 140 characters stipulated for placing their views as the company I building a new product that

The Reynolds American Inc’s Natural American Spirit tobacco business outside the United States would be bought over by the Japan Tobacco Inc which would pay 600 billion yen ($5 billion)

Following Yahoo’s announcement on Monday that it was going ahead with the spinoff of its stake in Chinese e-commerce company Alibaba Group Holding Ltd despite the risk that the deal

Within the next few days Volkswagen is planning to recall around 11 million cars in response to the emission scandal that rocked the company and the auto world recently News

The Swiss competition commission said on Monday that it was probing seven banks UBS, HSBC, Deutsche Bank, Julius Baer, Barclays, Morgan Stanley and Mitsui, over allegations of possible price fixing

In the hope of unlocking big advertiser spend, Facebook would now allow advertiser buy ad spaces for video advertisements in a way similar to how the advertisers book TV ads

Even as Volkswagen expectedly named company veteran Matthias Mueller as its chief executive on Friday, Germany’s transport minister announced the carmaker had manipulated test results for about 2.8 million vehicles

With fans camping outside stores to be the first to get their hands on Apple Inc.’s latest iPhone 6S, the launch which commenced in the UK on Friday was welcomed

The US Federal Trade Commission is investigating about whether Google Inc is using its Android mobile operating system to stifle competition, reported the Reuters. Action by U.S. regulators would be

In an effort to show that it is acting decisively to end a crisis over its rigging of U.S. diesel emission tests and to install confidence among the investors and

Three bottles of 1970’s batch of Glenmorangie whiskey in the US would be sold for $50,000. These are part of the company’s set of 10 bottles, the last bottles remaining

Starbucks employees of UK would now get enhanced wages as the global café chain agreed to pay the National Living Wage to its employees. The basic pay for all employees,

After the revelation of the Volkswagen emission scandal, the auto world has been shaken up. But experts and old hands at the auto market say that this is not the

Amidst worldwide criticism of hoaxing the environment emission norms in et US and facing hefty penalty apart from losing both hare prices and face, the Volkswagen CEO Martin Winterkorn resigned

As investigations of its diesel models multiplied, German car maker Volkswagen AG said the scandal over falsified U.S. vehicle emission tests could affect 11 million of its cars worldwide. The

Despite committing hundreds of millions of pounds to price cuts, UK food retail giants Tesco, Asda and Morrisons turned out to be the worst performing food retailers in Britain in

To achieve an absolutely blistering top end speed of 2,500MB/sec for sequential reads and up to 1,500MB/sec for sequential writes, Samsung’s new generation of PCI Express-based solid state storage technology

Starbucks customers across all of its 7,500 U.S. company-operated shops would be able to use the Mobile Order & Pay service to place orders as the company managed to complete

Passengers travelling on European short-haul flights will now be able to access the high speed via broadband internet in flight. Built by Britain’s Inmarsat and Deutsche Telekom, the services would

In what is being clubbed as the world’s biggest zero-day bug bounty program, Zerodium, the zero-day acquisition platform, announced bounty of one million dollars for researchers who can provide the

Riddled with allegations of rigging the U.S. emissions tests and after Germany too announcing investigations into whether the company had tampered with data in Europe too, the German car maker

Following previous complaints, significant number Apple Inc customers have reported that their mobile devices have crashed after attempting to upload the new iOS 9 operating system, reported Reuters. There have

The Boeing 787-9 Dreamliner of the British Airways is ready to accommodate its first customers. Built to reinstate luxury, the cabins are more spacious and completely leather stitched. They are

The GE’s Software Center, the expertise of GE’s global IT and commercial software teams, and the industrial security strength of Wurldtech would be integrated by the creation of GE Digital,

With high hopes that the record of sale of the 10 million units the previous versions of iPhone logged in their first weekend last year, Apple Inc announced on Monday

Credit Suisse Group AG will have to shell out more than $80 million in order to settle allegations about it not disclosing how it operated its dark pool private share

In order to further improve its television and media solutions, which accounts for just over 7% of the company’s value and its revenue growth has been somewhat lacklustre over the