Airport fire causes Kenya Airways to lose USD 4 million in revenues

Titus Naikuni, CEO of Kenya Airways, announced that the fire at JKIA had already cost his company USD 4 million in revenues.


HTC pays Iron Man star USD 10 million for commercial

HTC Corp was said to have paid USD 10 million to Robert Downey Jr to endorse the brand in a TV commercial.

PAL nears completion of joint venture with Cambodia firm

PAL Holdings Inc assistant corporate secretary announced that the joint venture of Philippine Airlines with a Cambodian firm would be finalized this October.

Medtronic acquires Cardiocom for USD 200 million

Medtronic purchased Cardiocom for USD 200 million in cash. Medtronic Inc, the world's largest medical technology company, bought Cardiocom Llc for USD 200 million.


Latest News

Japanese printer maker Brother Industries opened a new manufacturing plant in the Philippines. Brother Industries, a printer maker based in Japan, opened a new manufacturing facility in the First Philippine Industrial Park in Batangas.
California's legislation to "bottle the sunlight" attracted venture capitalists and other major companies in an energy race to 2020.
The Perseid meteor shower's annual show is set to occur in the next few weeks. The annual Perseid meteor shower would be occurring tonight. Around this time each year, the Earth would be passing through the intergalactic orbit of a comet named Swift Tuttle.
The PGA tour is not just about winnings, its about charity given to the communities who host them. In the third round of the PGA Championship, Jason Dufner was holding a two shot lead.
India announced the activation of the atomic reactor of its first nuclear submarine, a first step for the completion of its nuclear triad.
Xinhua reported that French drugmaker Sanofi had become the focus of bribery investigations by Chinese authorities.
Pioneer oil driller Chesapeake Energy decided to just drop their claims of retaining land leases after two years of legal battle with landowners.
French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.
A private survey revealed that China's PMI for the services sector showed signs of growth. The HSBC/Markit Purchasing Managers' Index (PMI) survey for the services sector in China showed signs of improvement.
President Barack Obama proposed the gradual elimination of Fannie Mae and Freddie Mac to speed up recovery in the housing sector.