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Category : Business

Anbang withdraws offer for Starwood, leaving bid by Marriott
Business

Anbang withdraws offer for Starwood, leaving bid by Marriott

Saheli 02 Apr 2016 374 Views

STAMFORD, Conn., April 1  — China’s Anbang Insurance Company, the highest bidder at $14 billion for Starwood Hotels, withdrew its offer, leaving a buyout offer from Marriott International. The Chinese firm led a consortium of companies in making the $14 billion all-cash offer after Marriott had offered $13.8 billion in ... Read More »

Elon Musk: Tesla Model 3 received 232K orders in less than 24 hours
Business

Elon Musk: Tesla Model 3 received 232K orders in less than 24 hours

Saheli 02 Apr 2016 402 Views

HAWTHORNE, Calif., April 2  — The affordable Tesla Model 3 is already a hit among electric car consumers, with a reported 232,000 vehicles ordered in less than 24 hours, according to CEO Elon Musk. The Model 3, with its 215 mile battery range and $35,000 starting price, became available for ... Read More »

Oil prices recover on U.S. economy, inventory data
Business

Oil prices recover on U.S. economy, inventory data

Saheli 30 Mar 2016 457 Views

NEW YORK, March 30  — A soft build in U.S. crude oil stocks was buffered by a report showing domestic well costs have declined, sending oil prices higher early Wednesday. Crude oil prices plummeted Tuesday as supply-side strains added to concerns emerging before U.S. Federal Reserve Chair Janet Yellen took ... Read More »

Boeing could cut 8,000 jobs this year if savings not met
Business

Boeing could cut 8,000 jobs this year if savings not met

Saheli 30 Mar 2016 470 Views

WASHINGTON, March 30  — Boeing will cut some 4,000 jobs — about 2 percent of its global staff — by June to reduce costs, and could cut an additional 4,000 jobs by the end of the year. The aircraft maker said it would cut jobs through retirement, resignation, voluntary buyouts ... Read More »

BAE Systems modernizing Sweden’s CV90 vehicles
Business

BAE Systems modernizing Sweden’s CV90 vehicles

Saheli 30 Mar 2016 404 Views

KARLSKOGA, Sweden, March 30 — BAE Systems is to refurbish hundreds of Swedish Army armored vehicles under a contract issued by the Swedish government. A total of 262 CV90 tracked vehicles are involved in the refurbishment, which is will begin immediately. Company work will include refurbishing the chassis and upgrading ... Read More »

Harris supplies tactical radios to African country
Business

Harris supplies tactical radios to African country

Saheli 30 Mar 2016 475 Views

Handheld tactical radios are among Falcon III systems ordered from the Harris Corporation by an African country. Photo courtesy Harris Corporation ROCHESTER, N.Y., March 30  —Harris Corporation reports it is to supply three variants of its Falcon III multi-band multi-mission radios to an unidentified country in Africa. The three variants ... Read More »

‘Patience and tenacity vital for solving problem’
Business

‘Patience and tenacity vital for solving problem’

Saheli 30 Mar 2016 423 Views

The brief I was given and what I did in the first 100 days at work I Started my career as a software engineer and was the second employee at Tavant Technologies in India. Our objective was to understand the international business and adapt it for the scale the company ... Read More »

Two Tata group top executives earn more than Cyrus Mistry
Business

Two Tata group top executives earn more than Cyrus Mistry

Saheli 30 Mar 2016 471 Views

MUMBAI: At least two employees at Tata Group firms earn more than their chairman, Cyrus Mistry . In the financial year ended on March 31, 2015, Tata Consultancy Services CEO N Chandrasekaran was paid Rs 21.28 crore, compared with Rs 16.25 crore Mistry earned in commission, salaries and other allowances, ... Read More »

Oil prices slightly lower on supply-side strains
Business

Oil prices slightly lower on supply-side strains

Saheli 29 Mar 2016 489 Views

NEW YORK, March 28 — Crude oil prices traded slightly lower early Monday as supply strains built up against expectations of some form of cut from major producers next month. The Iranian Oil Ministry’s news website Shana reports Iran exported around 14 million barrels of crude oil to European buyers ... Read More »

Oklahoma’s governor defends earthquake response
Business

Oklahoma’s governor defends earthquake response

Saheli 29 Mar 2016 439 Views

WASHINGTON, March 29  —Oklahoma’s governor defended the state response to the seismic activity attributed to oil and gas development against a federal report on the hazard. “Oklahoma remains committed to doing whatever is necessary to reduce seismicity in the state,” Gov. Mary Fallin said in a statement. Her comments followed ... Read More »

Refinery maintenance pushing gas prices high
Business

Refinery maintenance pushing gas prices high

Saheli 29 Mar 2016 432 Views

WASHINGTON, March 29 —Ongoing preparation for the processing of a summer blend of gasoline is behind the steady increase in retail gasoline prices, analysis finds. Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.04 for Tuesday, a slight increase from the ... Read More »

Russia’s Rosneft to increase 2016 investments
Business

Russia’s Rosneft to increase 2016 investments

Saheli 29 Mar 2016 406 Views

MOSCOW, March 29  — The head of Russian oil company Rosneft told the president that investments for the year will be 30 percent higher despite the pressure from low oil prices. Russian President Vladimir Putin met in Moscow with Igor Sechin, the director of state-controlled oil company Rosneft, to review ... Read More »

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