One of the largest airlines in the world, the French Airbus, intends to apply to the court for appearing in the press reports of industrial espionage for the country. According to German media, espionage was carried out by the Federal Intelligence Service of Germany and the US National Security Agency. Airbus drew attention to the reports in the press that the German and US intelligence agencies...

April 29, it became known that Circle Internet Financial company specializing in Bitcoins may receive an investment of $ 50 million from US bank Goldman Sachs. If companies manage to agree, Goldman Sachs will become the first major bank to go for such a significant investment in a company specializing in Bitcoins. On Tuesday, the US-Bitcoin Exchange Coinbase launched the first exchange outside...

Home electronic equipment manufacturer Black & Decker has been fined $1.5 million by The U.S. Department of Justice and the Consumer Product Safety Commission to settle allegations that it knowingly violated the reporting requirements of the Consumer Product Safety Act.   The company allegedly violated the regulations for manufacture and distribution of cordless electric lawnmowers...

Twitter Inc. is going through the difficult times. The CEO Dick Costolo and his new management team continue to convince investors that there are still ways to increase the number of users and increase profits. However, this runs counter to the company's earnings report for the second quarter. According to it, the company lost $ 162 million. On Tuesday, the company issued guidelines on sales in...

Illegal overdraft charges have got Regions Bank in a muddle as the Federal government has fined it for $7.5 million. The overdraft charges were levied without the permission of customers and hence, the fine. “We take the issue of overdraft fees very seriously and will be vigilant about making sure that consumers receive the protections they deserve,” Richard Cordray, the director of the...

US-based car maker Ford Motor Company has announced that it is planning to recall 390,000 vehicles with a possible door latch glitch. The automaker will be calling back Ford Fiesta, Lincoln MKZ, and Fusion models in the US as well as Canada and Mexico. The Fusion and Lincoln models are from the 2013 and 2014 batches, whereas Fiestas are from the years 2012-2014. This is the latest recall of...

American Apple Inc. in the second quarter of fiscal year 2015 recorded a record for this period (January-March) iPhone sales volumes, net income and earnings. Company's financial results were above Wall Street's expectations for the seventh consecutive quarter. Due to the strong results, Apple increased the return capital to shareholders programme by 50%: now the company intends to use a total of...

Sports network ESPN is joining the slew of cable companies and channels that are suing Verizon for alleged breach of contract. The company has filed a lawsuit on Monday in New York Supreme Court, seeking damages related to the new leaner value bundle that Verizon plans to provide to its FiOS customers. According to reports in CNBC, ESPN wants to stop Verizon from “unfairly depriving” it of “the...

French IT services company Cap Gemini has announced that it would buy US-based rival group IGate for $4 billion. The merger will provide Cap Gemini with complete access to North American market where IGate has a strong presence. Meanwhile, it would also enrich the coffers of IGate founders. With this acquisition, the IT services major is looking at a good quarter and has raised its 2015 sales...