Why tiny electric planes and $25 tickets could be the future of regional air travel
22:22 - 09.04.2017 -

Imagine taking your next trip of a couple hundred miles. New York City to Boston, for example. Or Houston to Dallas. Tampa to Miami. The obvious choice now might be to drive. But what if you could show up at an airport at one of those cities, bypass security checkpoints, board a small hybrid-electric plane

Porsche-Piech clan to stay out of VW management: Porsche chairman
22:22 - 09.04.2017 -

Members of the Porsche-Piech clan that controls Volkswagen (VOWG_p.DE) will no longer be eligible to serve as executives of the carmaker, Porsche Automobil Holding SE (PSHG_p.DE) Chairman Wolfgang Porsche told a German newspaper. “That no family member is active in the operating business must apply to Porsche SE and the whole Volkswagen group,” Frankfurter Allgemeine

Deutsche Bank launches tech startup lab in New York City
16:16 - 21.03.2017 -

Deutsche Bank AG (DBKGn.DE) has opened a new center in New York to work with financial technology startups that can help it improve its technology. Based in Lower Manhattan’s Fulton Center, the lab’s team will help the bank deploy technology in artificial intelligence, cloud and cyber security and other areas, the German bank said on

Apple unveils new iPad starting at $329
16:16 - 21.03.2017 -

Apple Inc unveiled an updated version of its iPad tablet on Tuesday, starting at $329 and available to order from Friday. Apple also said its smaller iPhone SE model will be available in 32 and 128 gigabyte (GB) versions, replacing the 16 GB and 64 GB models.

Higher customer traffic boosts Wal-Mart’s sales in holiday quarter
21:21 - 21.02.2017 -

Wal-Mart Stores Inc (WMT.N) reported higher-than-expected U.S. sales on Tuesday for the crucial holiday quarter as its low prices attracted more customers to its stores and online activity accelerated. Shares of the world’s largest retailer rose more than 3 percent as its results bucked a string of disappointing holiday sales figures from rivals including Target

After day in South Korea court, Samsung chief awaits arrest decision
15:15 - 16.02.2017 -

Samsung Group leader Jay Y. Lee left a Seoul court after more than eight hours on Thursday to await a decision on whether he will be arrested over his alleged role in a corruption scandal that has engulfed President Park Geun-hye. The 48-year-old Lee, wearing a dark coat and navy tie, kept his head down

Key business lobby warns UK not to play favorites in Brexit
12:12 - 13.02.2017 -

A key business lobby warned Britain’s government Monday not to play favorites among industries when it negotiates the country’s exit from the European Union, saying that ignoring any sector would hurt the entire economy. The Confederation of British Industries and the international law firm Clifford Chance also said in a new report that it is

Trump, South Korea’s Hwang agree to strengthen defenses against North Korea: White House
16:16 - 30.01.2017 -

U.S. President Donald Trump and South Korean Acting President Hwang Kyo-ahn agreed to take steps to strengthen joint defense capabilities to defend against North Korea’s nuclear threat, the White House said on Sunday after a telephone call between the two leaders. “President Trump reiterated our ironclad commitment to defend (South Korea), including through the provision

Futures slip as Trump’s travel bans spark uncertainty
16:16 - 30.01.2017 -

U.S. stock index futures fell on Monday as President Donald Trump’s orders to curb immigration from certain countries triggered uncertainty and protests across the world. * Trump on Friday put a 120-day hold on allowing refugees into the United States, an indefinite ban on refugees from Syria and a 90-day bar on citizens from Iran,

Don’t let Trump embarrass our queen, say a million Britons
16:16 - 30.01.2017 -

Over a million people in Britain have signed a petition calling for U.S. President Donald Trump’s planned state visit to be canceled to avoid embarrassing Queen Elizabeth, in a grassroots backlash against his immigration policies. The invitation to make a state visit, which will involve lavish displays of royal pageantry and a banquet hosted by

Nissan, Renault, Mitsubishi to share electric car platform: Nikkei
10:10 - 18.12.2016 -

Nissan Motor Co (7201.T), Renault SA (RENA.PA) and Mitsubishi Motors Corp (7211.T) will combine their electric vehicle platforms in an effort to slash prices down to levels comparable to conventional gasoline cars, the Nikkei newspaper said. The strategy comes as auto giants Volkswagen AG (VOWG_p.DE) and Toyota Motor Corp (7203.T) are also aiming to mass-produce

Goldman Sachs to settle U.S. rate-rigging lawsuit for $56.5 million
10:10 - 18.12.2016 -

Goldman Sachs Group Inc (GS.N) has agreed to pay $56.5 million to resolve a U.S. class action lawsuit accusing it and other banks of rigging an interest rate benchmark used in the $553 trillion derivatives market. The proposed settlement was disclosed in papers filed in federal court in Manhattan on Friday. It came after seven

Exclusive: Banks want to be subject to EU laws for five years in post-Brexit deal
13:13 - 09.12.2016 -

Large banks in Britain want the UK government to allow their industry to remain subject to EU laws for up to five years after Brexit, a move likely to enrage eurosceptics who want to break away from the bloc’s legal system as soon as possible. The banks – international players – are also pressing the

Samsung Electronics considers split as investor pressure builds
14:14 - 29.11.2016 -

Tech giant Samsung Electronics Co Ltd (005930.KS), under pressure from shareholders to improve investor returns, said on Tuesday it will consider creating a holding company in what would be the biggest shake-up in its 47-year history. The move and a plan to raise dividends come after U.S. hedge fund Elliott Management in October called for

One ticket has winning numbers in $421 million Powerball lottery
10:10 - 27.11.2016 -

A ticket sold in Tennessee had the winning numbers for a $421 million Powerball jackpot, one of the biggest on record, lottery officials said after Saturday’s draw. A Powerball spokeswoman said no one as yet had stepped forward to claim the prize, which has grown in the absence of a winner in the past few

Dow Surges to Fresh All-Time High on Trump-Fueled Momentum
14:14 - 11.11.2016 -

A day after voters chose to send Donald Trump to the White House, the expectation of less austerity and more pro-business policies propelled the Dow Jones Industrial Average to a fresh all-time high. The Dow easily sailed above its previous intraday record high of 18668 points at the opening bell, rising 218 points, or 1.18%

Alibaba Singles’ Day Sales Tops 2015 Total, But Growth Slows
14:14 - 11.11.2016 -

Alibaba’s Singles’ Day sales surged past last year’s 91.2 billion yuan ($13.36 billion) total with nearly nine hours left on the clock, but growth was markedly slower than in 2015 as shoppers sought even bigger price cuts. Amid fanfare and celebrity razzmatazz, sales on Alibaba’s platforms had raced to a billion dollars in under five

SoftBank second-quarter profit up 6.8 percent on strong domestic telecoms business
12:12 - 07.11.2016 -

Japan’s SoftBank Group Corp (9984.T) reported on Monday a 6.8 percent rise in operating profit for the July-September quarter, thanks to a strong showing by its domestic telecommunications business. A steady growth in its mainstay domestic business is important for SoftBank, a diverse company with stakes from U.S. carrier Sprint (S.N) to e-commerce giant Alibaba

After $195 million in talc verdicts, J&J strives to change court
12:12 - 07.11.2016 -

After a $67.5 million jury verdict against Johnson & Johnson (JNJ.N) on Oct. 27 marked its third straight trial defeat in an onslaught of lawsuits claiming its talc-based products cause ovarian cancer, the company is hoping to reverse the trend by having the cases heard in a different court. All three awards, totaling around $195

Global stocks nudge higher after final U.S. presidential debate
15:15 - 20.10.2016 -

Stock markets inched higher but the Mexican peso was mixed after the third and final U.S. presidential debate, which was judged to have given no clear boost to Donald Trump’s hopes of winning the White House. The peso is seen as the chief proxy for market pricing of the Republican candidate’s chances in view of