According to a Financial Times report, Amazon faces safety and regulatory hurdles before it can get its plan to use drones to deliver packages to consumers off the ground.
Firm Management
Toshiba partners with real estate company to sell solar power to German households
Japan's Toshiba Corp. and German real estate major Gagfah SAS entered a joint venture to sell energy directly to residents in Germany. The deal could bring in a revenue of USD184 million to USD233 million to the Japanese conglomerate.
Detroit bankruptcy ruling may be good news for wary market
A federal judge's ruling Tuesday that Detroit is eligible for bankruptcy protection offers municipal bond investors a dose of clarity that could be welcome news at the end of a rough year for the U.S. muni debt market.
DataSift obtains USD42 million in new funding led by Insight Venture Partners
The new Series C funding worth USD42 million received by DataSift, a social data platform for enterprises and brands, was said to be used for expansion in international markets and verticals, and strategic acquisitions.
Sources say USD53 billion economic stimulus package is being prepared by Japan this week
The purportedly massive USD53 billion economic stimulus package by the government of Japan was to aid the country from its high tax rates imposed in April this year, said government ministers.
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BlackBerry Ltd is "very much alive, thank you," Interim Chief Executive John Chen affirmed in an open letter on Monday in which the smartphone maker committed itself to rebuilding as a niche player concentrating on the enterprise market.
Dow Chemical revealed its plans today to divest its USD5 billion worth of assets, which was way more than the range chief executive Andrew Liveris initially declared in October.
After more than two years since it filed for bankruptcy due to lack of cash and halting production, Swedish car automaker Saab AB via its parent company National Electric Vehicle Sweden (NEV) AB started making cars today.
Apple Insider points out how the tech giant fared less than expected in light of analysts' predictions last year that it would hit a thousand per share.
Monday's announcement of executive promotions at Samsung Group stood out when the Group announced Samsung Chairman Lee Kun-hee's daughter, Seo-hyun, as a division president at holding company Samsung Everland Inc.
Former Malaysian Prime Minister Mahathir Mohamad told reporters that he had stepped down from his post as an adviser to Petronas, the state-run oil firm.
A final deal between Repsol and YPF on compensation for the seizure of the Spanish oil major's stake in its Argentine counterpart is likely before the year-end, a Pemex board member at Repsol said in an interview on Saturday.
Amazon.com Inc has no intention of bowing to pressure from striking workers in Germany and is more worried about bad weather hurting Christmas deliveries, its country head said.
A Bloomberg recounted how the Federal Trade Commission's decision to approve the USD2.3 billion buyout deal by Hertz Global Holdings Inc of Dollar Thrifty Automotive Group Inc was a mistake.
