Airlines Next on The Probe List of Justice Department’s Antitrust Division

Airlines Next on The Probe List of Justice Department’s Antitrust Division

The antitrust division of the Justice Department has been actively investigating price-fixing as well as collusion in different sectors spread across the financial market and the industries.

Shutting Down the Wrong Engine Led to Crash of TransAsia Flight GE235 in Taiwan

Shutting Down the Wrong Engine Led to Crash of TransAsia Flight GE235 in Taiwan

On Thursday, the investigators said that crash of TransAsia Airways Corp. plane was caused due to a flawed connector which sent erroneous information leading to the pilots shutting down the wrong engine during a flameout. The crash happened in Taipei City killing forty three people most of whom were tourists from Mainland China.

Dominion’s Yorktown Oil Burning Unit to be Shut Down

Dominion’s Yorktown Oil Burning Unit to be Shut Down

The oil-burning, electricity generating unit in Yorktown has been a workhorse for Dominion Virginia Power for long. The utility which once had plans of being modernized is now being close instead, by 2020.

Xiaomi First Half Sales Figure at 34.7 Million Smartphones is less than Half of Its Full Year Sales Forecast

Xiaomi First Half Sales Figure at 34.7 Million Smartphones is less than Half of

On Thursday, Xiaomi Corp. the smartphone maker from China announced that it has sold 34.7 million units in the initial half of the current year. That's less than half of what the company had estimated as its target for the entire year.

Microsoft’s Monday Announcements; Agreement with AOL to Move Display Ads, Sells Bing Mapping Assets to Uber, Extends Partnership with AppNexus

Microsoft’s Monday Announcements; Agreement with AOL to Move Display Ads, Sells

There is a lot happening at Microsoft.

On Monday, an announcement revealed that a ten year agreement between Microsoft and AOL which begins from 2016, will allow AOL to take over a big chunk of display advertisement sales by Microsoft. It includes several sites as well as services which comprise of big names like Skype, MSN, Outlook.com and Xbox.

Phil Knight, Nike’s Co-Founder will Leave the Chairman’s Post Next Year

Phil Knight, Nike’s Co-Founder will Leave the Chairman’s Post Next Year

Phil Knight, co-founder of Nike will be stepping down from his chairman's post next year. The announcement came from the company on Tuesday.

Knight has a huge contribution in turning what was a small shoe business into a brand that is known worldwide for its athletic gears.

In spite of Introducing Several Stimulus, China’s Economy Indicates Weakness

In spite of Introducing Several Stimulus, China’s Economy Indicates Weakness

In June, the economy of China revealed signs of declining further as the measures that show factory activity missed the expectations. That signals at the fading momentum in the second largest economy of the world.

Puerto Rico’s Financial Problems Grow Further as Report Says It Can no Longer Meet Obligations

Puerto Rico’s Financial Problems Grow Further as Report Says It Can no Longer Me

The government of Puerto Rico in an announcement has said that it will not be able to pay back the entire amount of the $US73 billion debt that it has incurred. In a clear enough response the US territory which has been under financial pressure for long, said that it no longer can meet its obligations.

The Reckless Murderer, Detroit Women Killed Two of Her Own Children!

The Reckless Murderer, Detroit Women Killed Two of Her Own Children!

Nothing can justify the impulsive behaviour of a Detroit mother who has been accused for killing two of her children. The women pleaded guilty on Monday, showing no signs of repentance for committing such a horrid act.

FTC’s Lawsuit Drives Sysco to Annul Buyout Deal with US Foods

FTC’s Lawsuit Drives Sysco to Annul Buyout Deal with US Foods

A lawsuit that was won by the Federal Trade Commission led Sysco Corp, the biggest US food distribution company to rescind its buyout contract with US Foods, which is the second largest food distribution company in the US.

Latest News

Airlines Next on The Probe List of Justice Department’s Antitrust Division
Shutting Down the Wrong Engine Led to Crash of TransAsia Flight GE235 in Taiwan
Dominion’s Yorktown Oil Burning Unit to be Shut Down
Microsoft’s Monday Announcements; Agreement with AOL to Move Display Ads, Sells
Phil Knight, Nike’s Co-Founder will Leave the Chairman’s Post Next Year
In spite of Introducing Several Stimulus, China’s Economy Indicates Weakness
Puerto Rico’s Financial Problems Grow Further as Report Says It Can no Longer Me
The Reckless Murderer, Detroit Women Killed Two of Her Own Children!
FTC’s Lawsuit Drives Sysco to Annul Buyout Deal with US Foods
Increasing Shark Attacks in North Carolina Beaches; Is Shark Fishing to be Blame
Solar Impulse Starts its Flight Across the Pacific Ocean
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