Boeing 787 conducts first successful test flight of Dreamliner 787
American aircraft manufacturer Boeing, which manufactures the controversial Dreamliner 787, on March 25, 2013, took the aircraft to the sky for a test flight. The test flight was aimed to show that the flight’s new lithium-ion battery system meets the…
Chinese consumers spend more on home appliances
Chinese consumers have been getting increasingly rational of late and do not mind spending more on high-end products. The income growth in recent times has slowed down, but consumers are still willing to pay more for home appliances, especially the…
Coca Cola announces 750 job cuts in US
Beverage giant Coca-Cola, on March 21, 2013, said that it will cut about 750 jobs from the United States. The company has taken the step so as to streamline its business, three years after it made a big acquisition. The…
Kingfisher Airlines employees threaten to disrupt IPL matches
Employees of the ailing Kingfisher Airlines are frustrated about not getting their salaries on time. It has now been ten months that the employees have not got their salaries. Due to this, the people in question have demanded that the…
Tata looking forward to expansion in Africa
Indian business giants Tata Group is now looking forward to expand in Africa, through its various business ideas. The group is expecting its revenue from Africa to grow by about 30 percent every year, from the current level of USD…
LinkedIn likely to acquire Pulse news app
Social networking website LinkedIn is at present working on a deal to purchase a news reader mobile app known as Pulse. As per media reports, the website will be paying around $50 million for the digital publisher based in San…
Ford announces recall of 196,500 Mercury Monterey and Ford Freestar
Auto manufacturer Ford has announced a recall of approximately 196,500 Ford Freestar and Mercury Monterey minivans, which have been manufactured between 2004 and 2007. The vehicles have been recalled for a safety problem with the third row seats. These recalls…
Sharp announces huge $111 m tie up with Samsung
Electronics manufacturer – Sharp, on March 6, 2013, has announced a tie up with the South Korean company Samsung. The value of the deal is reportedly $111 million and is a rare move from a Japanese-based company. At present, Sharp…
Jaguar Land Rover to create 700 jobs in UK
British multinational auto company Jaguar Land Rover is all set to create about 700 additional jobs in the Midlands of UK. The new jobs will be created by an additional investment of £150 million in a new engine factory in…
Harley Davidson to assemble more motorcycles in India
American motorcycle manufacturer Harley Davidson, said on March 4, 2013, that it will assemble three more of its motorcycles in the Indian market. The company also said that it will cut its prices so that the bikes are made more…