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US battery maker’s rescue by China 9 Aug 2012 | 08:42 pm
New York: US battery maker A123 Systems, which got a quarter-billion dollar green technology grant from the Obama administration, said on Wednesday that a Chinese auto parts maker is looking to take a...
HP warns of a huge quarterly loss 9 Aug 2012 | 08:38 pm
HP said that it was replacing the head of its services business, John Visentin, who was named to the post a year ago by Leo Apotheker, Whitman’s predecessor as CEO. Visentin, a former IBM executive, c...
Bombardier quarterly profit falls 9 Aug 2012 | 08:32 pm
Net income dropped to $182 million, or 10 cents a share, from $211 million, or 12 cents, a year earlier, Montreal-based Bombardier said today in a statement. The profit matched the 10- cent average of...
AirAsia X to expand fleet 9 Aug 2012 | 08:27 pm
Chief Executive Azran Osman-Rani said AirAsia X decided to lease more A330-300 planes, to be delivered over the next two years, to grow its network in Asia as competition intensifies. By 2014, he said...
Amazon goes from game retailer to game developer 9 Aug 2012 | 08:24 pm
“We know that many Amazon customers enjoy playing games — including free-to-play social games — and thanks to Amazon’s know-how, we believe we can deliver a great, accessible gaming experience that ga...
Nestle sees food price pressure easing 9 Aug 2012 | 08:18 pm
Net profit rose 8.9 per cent to 5.1 billion Swiss francs (Dh19.19 billion, $5.25 billion) on sales of 44.1 billion francs, up 7.5 per cent year-on-year, with 3.7 percentage points of the rise in under...
Tata Motors quarterly profit up 12.2% 9 Aug 2012 | 08:12 pm
Tata Motors, which also makes utility vehicles and the low-cost Nano car, said it suffered a foreign-exchange loss of Rs4.41 billion in the quarter, around eight times more than the size of its curren...
Fannie Mae posts $5.1bn profit in Q2 9 Aug 2012 | 08:08 pm
Combined, Fannie and Freddie own or back about 60% of all US mortgages. Fannie’s second-quarter profit was the most the company has reported since 2004, when it restated its past earnings. “It’s proba...
Smart cities way forward to housing 9 Aug 2012 | 08:02 pm
“As the knowledge industry expands with sunrise sectors such as biotech, pharma, aerospace and nanotech growing, the number of tier-one and tier-two cities in the four southern states is poised to gro...
New China property controls imminent 9 Aug 2012 | 07:57 pm
The government has some room to issue more policies, including raising the transaction tax on existing homes and expanding a property tax trial, the newspaper reported, without saying where it got the...
