Category: Business

Volvo’s Newest Safety Feature
23. 3. 2019 No Responses

Volvo’s Newest Safety Feature

Your New Volvo Will Soon Call The Cops On You If It Thinks You’ve Been Drinking Swedish Volvo has always been synonymous with safety in the automotive branch. Now, the Swedish automaker is taking stunning steps to push the borders...
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Levi Strauss goes public, the IPO valuation is $ 6.6 billion
21. 3. 2019 No Responses

Levi Strauss goes public, the IPO valuation is $ 6.6 billion

Levi Strauss returns to the stock market after 34 years of absence. The clothing seller valued its initial public offering on Wednesday at $17 a share and valued the company at approximately $6.6 billion. This is a higher valuation than...
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Seagate with Nvidia and HP Enterprise are developing AI manufacturing platform
21. 3. 2019 No Responses

Seagate with Nvidia and HP Enterprise are developing AI manufacturing platform

Seagate announces partnership with HP Enterprise (HPE) and Nvidia to Develop Project Athena’s Artificial Intelligence (AI) production platform to reduce Hard Drive (HDD) costs by 20% and Production Processes by 10%. Jeffrey Nygaard, executive vice presid...
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BMW lowered profit estimate, shares tumbled
20. 3. 2019 No Responses

BMW lowered profit estimate, shares tumbled

BMW stock exchanges on European stock exchanges fell by almost 5% to around 72 euros after BMW management pointed to a decline in profits, announcing a € 12 billion savings plan to compensate for any damage caused by trade wars...
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FAA and Boeing 737 MAX Certification Story
19. 3. 2019 No Responses

FAA and Boeing 737 MAX Certification Story

The Seattle Times: Managers of the Federal Aviation Administration (FAA) have put pressure on their engineers to delegate broad responsibility for Boeing 737 MAX safety assessment to Boeing itself. Security engineers who are familiar with the documents have po...
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IBM ramps up (pseudo)crypto cross-border payments
18. 3. 2019 No Responses

IBM ramps up (pseudo)crypto cross-border payments

The cryptocurrency-based cross-border payments competition is cranking up. IBM Corp. said today its Blockchain World Wire initiative, a global payments network for regulated financial institutions, has entered production and will support instantaneous foreign...
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Oil major Shell wants to be the world’s largest electricity provider by 2035
16. 3. 2019 No Responses

Oil major Shell wants to be the world’s largest electricity provider by 2035

Widely nown as Shell, Royal Dutch Shell is one of the biggest oil and gas company in the world. The plans of the British-Dutch giant for the coming years have surprisingly deviated from the current course. “The amount of clean...
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‘Jackscrew’ found at crash site confirms Ethiopian Boeing 737 Max was set to dive
15. 3. 2019 No Responses

‘Jackscrew’ found at crash site confirms Ethiopian Boeing 737 Max was set to dive

A screw-like device found in the wreckage of the Boeing Co. 737 Max 8 has provided investigators with an early clue into what happened: The so-called jackscrew, used to set the trim that raises and lowers the plane’s nose, indicates...
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US markets: New-home sales fell 6.9% in January
15. 3. 2019 No Responses

US markets: New-home sales fell 6.9% in January

Sales of new homes in the U.S. tanked 6.9 % in January, a probable sign that buyers paused during the government shutdown. The Commerce Department said that new homes sold at a seasonally adjusted annual rate of 607,000 in January,...
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Large-size panel global output to grow 12% in 2019
14. 3. 2019 No Responses

Large-size panel global output to grow 12% in 2019

The availability of new LCD and OLED fabs and capacity ramps at existing lines are likely to result in an annual growth about 12% in large-size panels sector in 2019, according to industry sources. A total of four fabs dedicated...
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Verizon will switch on mobile 5G in Chicago and Minneapolis April 11th
13. 3. 2019 No Responses

Verizon will switch on mobile 5G in Chicago and Minneapolis April 11th

Verizon’s 5G network is en route. After weeks of vague statements, the telecommunication giant has finally announced that its 5G network will launch on April 11th in Chicago and Minneapolis, making it the first publicly available 5G network on the...
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Malaysia, Singapore, Indonesia, China grounded the Boeing 737MAX. The Cannibal Isles and Czech SmartWings continue flying
12. 3. 2019 No Responses

Malaysia, Singapore, Indonesia, China grounded the Boeing 737MAX. The Cannibal Isles and Czech SmartWings continue flying

In connection with the second tragic accident of the all-new Boeing 737MAX just after the start, more and more airlines and countries are issuing regulations to ground this new Boeing model. Boeing has announced that it will “release a software...
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Boeing in pre-market 10% down, hundreds 737s grounded and 777X ceremony canceled
11. 3. 2019 No Responses

Boeing in pre-market 10% down, hundreds 737s grounded and 777X ceremony canceled

Boeing shares Fall 10% at pre-market as hundreds of 737s grounded, following 2nd deadly crash of new model B-737MAX. Boeing also cancels 777X launch event after Ethiopian Airlines’ MAX 8 crash. Boeing ADRs traded on Germany’s Tradegate exchange slumpe...
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The EC wants a fine of 1 billion euros for BMW, Daimler and Volkswagen
11. 3. 2019 No Responses

The EC wants a fine of 1 billion euros for BMW, Daimler and Volkswagen

The European Commission (EC) intends to impose a fine of 1 billion euros on BMW, Daimler (Mercedes-Benz) and Volkswagen for their alleged collusion where the illegal agreement was to reduce the efficiency of the exhaust filter system gases. German Der...
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FDA finds asbestos in make-up at Claire’s
7. 3. 2019 No Responses

FDA finds asbestos in make-up at Claire’s

The U.S. Food and Drug Administration on Tuesday warned consumers not to use particular cosmetic products sold at Claire’s retail branches after they were found to contain asbestos, a known dangerous carcinogen. Samples of Claire’s eye shadows batc...
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