General Motors is developing an electric vehicle to challenge the Tesla Model S, with a 300km-plus range and a more affordable price. US media reports GM's EV will have a single-charge range of over 320km and be priced "around" US$30,000 ...
Tags: GM, Transportation, car, auto
Steel Dynamics Inc. (STLD) provided a third-quarter earnings outlook, with the top of the range in line with Wall Street expectations, as the steelmaker said it expects profitability from steel operations to increase from the second ...
Tags: Construction, steel
Malaysia-based diversified financial conglomerate CIMB Group is seriously exploring options to divest certain stake in Indonesian life-insurance joint venture (JV), PT CIMB Sun Life, to leverage growth opportunities in Southeast Asia. ...
Tags: Life-Insurance, CIMB Mulls
A new potential bidder for Furniture Brands International assets, which would include the purchase of the company's Lane business, emerged at a bankruptcy hearing here Wednesday, the Wall Street Journal reported. KPS Capital Partners, a ...
Tags: Furniture, Furnishing
Armstrong World Industries, Inc. announced the pricing of an underwritten secondary public offering of 12,057,382 common shares of the company held by The Armstrong World Industries, Inc. Asbestos Personal Injury Settlement Trust (the ...
Tags: Construction, Decoration
Apple just can’t keep a secret these days. “There’s been a thorough leaking of Apple’s most likely plans,” said Ezra Gottheil, an analyst with Technology Business Research (TBI), on what Apple will unveil ...
Tags: iPhone 5C, Electronics
Microsoft’s acquisition of Nokia was a defensive move to keep the Finnish phone maker from going under or falling into the hands of an Android-first rival, several analysts argued this week. “Had Nokia abandoned Windows Phone, ...
Tags: Nokia Deal, Microsoft
New York-based risk and financial management firm Towers Watson has placed its reinsurance broking arm for sale. The company is also planning to rope in one of the Wall Street banks to sell the business. The sale price has not been ...
Tags: Towers Watson, Service
The China Automobile Dealers Association is beginning an investigation into the pricing of foreign car brands in China. "We are collecting data to investigate the price structure of imported vehicles in a bid to find out what is behind ...
Tags: Foreign Automakers
Troubled smartphone manufacturer BlackBerry can survive as a niche player in the mobile devices market, according to a member of the Canadian firm's board. In an interview published by The Wall Street Journal, newly elected BlackBerry ...
Tags: Blackberry, Could, Computer Products, software
Reports suggest that BlackBerry is looking at spinning off its BlackBerry Messenger service as a standalone business, positioned to compete with such consumer stalwarts as WhatsApp and Viber. While BlackBerry has so far refused to comment ...
Tags: Blackberry, Consumer Electronics
Mobile phone manufacturer HTC is developing a smartphone operating system specifically for the Chinese market in an effort to turn its fortunes around, sources close to the Taiwanese company have said. According to the Wall Street ...
Tags: HTC, smartphone
Google is designing and developing its own autonomous car, according to reports in the US. The reports stem from an initial story by a former Wall Street Journal writerAmir Efrati who claims inside knowledge of Google’s plan for its ...
Tags: Autonomous Car
Software giant Microsoft is co-operating with US federal authorities in an investigation into alleged "illegal activity" by employees and business partners in Russia and Pakistan. John Frank, vice president and deputy general counsel of ...
Tags: Microsoft, Computer Products
Google has reduced the time buyers have to wait to receive the US$35 Chromecast TV device, saying it will ship orders in two weeks or less. The Chromecast order page on Google's Play Store states that units will ship by Sept. 3. Earlier, ...
Tags: google, Computer Products