Articles by R. Ghosh

Domino's Pizza chairman to step down, as company hunts for new CEO and chairman

The company's chairman Stephen Hemsley's exit follows the retirement of its CEO David Wild in August.

Dec 11, 2019

General Motors loans $40 million to Lordstown Motors to produce first electric pickup by 2020

Lordstown Motors Corp had bought the Ohio factory for $20 million from General Motors in November as part of its plans of rolling out electric pickup trucks by the end of 2020.

Dec 11, 2019

Arriving today: Apple to start selling Mac Pro at a whopping $5,999

Mac Pro doesn't come with a display, so Apple will also be selling its 6K Pro Display XDR starting at $4,599.

Dec 10, 2019

Sanofi to acquire Synthorx for $2.5 billion; Plans to boost its immuno-oncology pipeline

The French healthcare giant has agreed to buy all the outstanding shares of the California-based biotechnology company for $68 per share in cash

Dec 10, 2019

Tesla Model 3 cars get recommended for subsidy in China as Tesla gears up delivery

China's Ministry of Industry has recommended two variants of Made-in-China Model 3 cars, which were found on the list for new energy vehicle subsidies

Dec 9, 2019

Elon musk

Adobe acquires Virtual Reality tool Oculus Medium from Facebook

Facebook purchased Oculus in 2014 for $2 billion following the Federal Communications Commission approval for the acquisition

Dec 9, 2019

Facebook Mark zuckerberg

FAA tightens noose on Boeing; seeks to fine the company $3.9 billion for installing faulty airplane parts

The FAA has alleged Boeing of failing to adequately oversee its suppliers and failing to prevent the installation of faulty parts on at least 130 737 NG airplanes

Dec 8, 2019

Ericsson found guilty of corruption by US authorities; to pay $1.2 billion to resolve bribery charges

According to US authorities, Ericsson conspired with third parties to bribe government officials in five countries in Asia and the Middle East between 2000 and 2016.

Dec 8, 2019

Samsung

Is Uber ride safe? Company says it received over 3,000 reports of sexual assault in U.S. in 2018

The rail-hailing firm revealed that it received 3,045 reports of sexual assault during rides in 2018 of which 235 were incidents of rape.

Dec 7, 2019

H&M partners with YCloset to test clothing rental in China; attempts to explore sustainable fashion space

The fast-fashion industry is one of the biggest emitters of greenhouse gases and H&M's move is in a bid to boost its environmental credentials.

Dec 7, 2019

Boeing may temporarily halt production of 737 Max jets, as struggle continues to get the aircraft back to service

Earlier in April, the company cut its production of 737 Max from 52 to 42 a month, as the grounding of the aircraft has also temporarily stopped deliveries.

Dec 6, 2019

Costco to sell Beyond Burgers, as demand for plant-based meat products continue to grow

After Impossible Foods, Beyond Meat will now sell its burgers from some of Costco Wholesale stores in a bid to capture more self space for its fast-growing plant-based meat products.

Dec 6, 2019

Nokia appoints new chairman amid speculation of company attempting to revamp its strategy

Former executive vice president Sari Baldauf will replace Risto Siilasmaa, who held the position for eight years, in April 2020

Dec 4, 2019

Samsung

Trump plays spoilsport once again; says trade deal with China can wait till 2020 election

Trump said that he has not set any deadline for a possible trade agreement and he likes the idea of waiting till the next U.S. election in November 2020.

Dec 4, 2019

Cyber Monday sales hit a record high of $9.4 billion making it the biggest single-day shopping event in the history of US

This was also the first time consumers on a single day spent a staggering $3 billion using their smartphones, with an average shopper spending 6% more compared with last year.

Dec 3, 2019

Amazon prime

Shoppers set the ball rolling as Cyber Monday gets on track to hit a record high

This year, Cyber Monday is expected to hit a record high, making it the biggest single-day shopping event in the history.

Dec 3, 2019

Samsung

5-best-singapore-attractions-you-must-visit

Airbus reportedly dismisses 16 employees over German army spying

The 16 employees used to work for the Munich-based Program Line Communications, Intelligence and Security, whose work revolve around cybersecurity and related activities.

Dec 3, 2019

walmart to sell chinese e commerce business to JD.com

Walmart, Target steal the show despite slow physical store traffic on Black Friday and Thanksgiving

Retails giants like Walmart, Target and Best Buy give stiff competition to e-commerce retailers, with electronic goods and toys registering hefty sales on Thanksgivinga nd Black Friday.

Dec 3, 2019

Facebook introduces new tool that allows users to transfer photos, videos to Google Photos

The new feature will initially be available to users in Ireland and is likely to be rolled out worldwide by the first half of 2020.

Dec 3, 2019

Facebook

Frozen II sets new Thanksgiving box-office record, garners a staggering $123.7 million

Disney is once again on track to become the best-performing film studio this year, with Frozen surpassing the record $109.9 million set by Hunger Games: Catching Fire in 2013.

Dec 2, 2019

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