Martin Rapaport, the chairman of the Rapaport Group, has released a comprehensive editorial titled “Honest Grading” that discloses the over-grading of over 100,000 diamonds, valued at more than a $1 billion. Rapaport calls upon ...
Fiat is planning to fund $61bn over the next five years to turn Maserati and Alfa Romeo into global brands and spin off its luxury sports car maker Ferrari and list the shares. The company is considering to issue $2.5bn convertible bonds ...
Tags: treasury shares, Italian heritage, Auto
Ford has announced a safety recall of around 205,000 vehicles due to corrosion under the reinforcement brackets where the fuel tank is mounted. The recall would affect 2007-2008 Ford Edge and Lincoln MKX vehicles and the issue can cause ...
Tags: safety recall, fuel leak, Auto
Japanese Auto part maker Takata reportedly ordered its technicians to destroy results of tests conducted on some of its air bags after finding out fault in them. Takata conducted tests on the steel containers or inflators which contains ...
Tags: Faulty Airbag Evidenc, Auto
More than ever before, automation and assembly go hand in hand (or gripper to gripper)—even at small-scale, low-volume production levels. The quest for higher efficiencies and cost savings is driving manufacturers to add consistency ...
Tags: Automation, modular automation
General Motors has requested US Bankruptcy Judge Robert Gerber to reject the $10bn lawsuit by car owners for the lost value of millions of cars recalled this year due to faulty ignition-switch. A 2008 Chevrolet HHR owner Jesse Salazar III ...
Tags: General Motors, faulty ignition switch, Auto
Hospira continues to struggle with serious problems related to its GemStar Infusion System and its accessories. The latest bad news came Wednesday, when the FDA designated a recall of the GemStar Power Supply, 3VDC, as Class I. The ...
The recent re-launch of the CanadaMark hallmark by Dominion Diamond Corporation is designed to enhance the company’s status as Canada’s primary diamond mining company. While CanadaMark is essentially a business-to-business (B2B) ...
Tags: Diamond, CanadaMark, Arts
Two-thirds of the world’s largest companies are reporting exposure to water risks, some of which have potential to limit growth. The news comes amid mounting shareholder concern around the business impacts from water scarcity, ...
Tags: Water Risk, water management data
A combination of low inventories and refinery maintenance could be spurring some Chinese state-owned companies to seek gasoil imports for the fourth quarter, sources said this week. Though market sources said that state-owned trader ...
Tags: Gasoil, sulfur gasoil, crude oil
In the USA, the brand's Ai Copter and Hovva Copter Pro are number two and number five best sellers at Toys R Us. Wow! Stuff is seeing its R/C brand TX Juice outperforming forecasts at major retailers and taking top spots around ...
Chinese steelmaker Shandong Iron and Steel Group (Shandong Steel) has announced that on November 14 it plans to issue short-term bonds worth RMB 3 billion ($0.49 billion) for a term of 365 days, in its fifth short-term bond issue in the ...
Tags: steelmaker, Shandong Steel
According to Canadean’s latest survey, 55% of Britons are worried about bacteria on the outside of a can more than the presence of dirt and dust, or if it is dented or discoloured. So it predicts, reasonably, that antibacterial ...
Tags: Packaging Trend, canned products
Ford has a new way to help police agencies save lives, prevent injuries and potentially help save millions of taxpayer dollars. As agents of law and order, police officers monitor driving behavior to ensure the safety of the motoring ...
Tags: Ford, New Technology, Accessories