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Venezuela's Crude-Stained Oil Tankers Are Banned At Sea Due To Contamination

The Caspian Galaxy is a tanker so filthy it can't set sail in international waters and workers in scuba suits scrub crude oil by hand from the hull of the ship in the scorching heat of the Caribbean Sea.   There are many vessels which load crude from Venezuela's state-run oil company, PDVSA...

Timeline For Tesla Semi Truck, Electric Pickup Laid Out By Musk, Shares Jump

With Elon Musk sketching out a timeline for the arrival of a semi truck, pickup and sports car, Tesla Inc’s plans to pad its lineup of electric vehicles are taking shape.   The chief executive officer wrote in a series of tweets Thursday that Tesla will show an electric semi truck in...

Reports Say Stake in Toshiba Chip Business Gets Apple Interested

In what is the latest twist in the sale of the world's second-biggest flash memory chipmaker of Toshiba, Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp's semiconductor business, Japanese public broadcaster NHK reported on Friday.   NHK reported, citing...

Logelis, the French business disrupting construction standards

Since the end of 2014, yet another real-estate construction company has hit the market. But this one is different. Two things make it worthy of attention: the extent which it has re-thought the construction business, and the new options it opens up for the global market.

Finances Of $2.2 Billion Secured By China's Leeco For Expansion From New Investors

Very recent stock market filings showed that new investors including Tianjin Jiarui Huixin Corporate Management Company and property developer Sunac China Holdings helped Chinese tech conglomerate LeEco to successfully raise nearly $2.2 billion.   LeEco's Leshi Internet Information said in...

Chip Sale To Throw Up Tricky Path For Japanese Conglomerate Toshiba

The difficult process of negotiating a sale of its memory chip operations that meets its financial needs while addressing government security concerns is set to be faced by Toshiba after gaining shareholder approval and after the completion of the first round of bidding.   Apparently...

Over The Issue Of Insulting Flag Doormat, India Privately Took Amazon To Task

 A recent document shows that an unprecedented public and private offensive against the U.S. company by Prime Minister Narendra Modi's government was the result of India's reaction to an Amazon.com website selling doormats resembling the country's flag.   If the doormats were not...

Angry Shareholders Give Go Ahead To Toshiba For Chip Unit Sale

The way for a sale to raise at least $9 billion to cover U.S. nuclear unit charges that threaten the conglomerate's future was paved for Toshiba Corp as its shareholders agreed to split off its prized NAND flash memory unit on Thursday.   While one of the shareholders at the extraordinary...

Toshiba's Westinghouse Files For Bankruptcy After Crippling Cost Overruns

As Toshiba Corp seeks to limit losses that threaten its future and just three months after huge cost overruns were flagged, the Japanese parent's U.S. nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday.   Even though the utilities that own the...

After Arizona Crash, Self-Driving Car Program Suspended By Uber

Following a vehicle equipped with the nascent technology crashed on an Arizona roadway, Uber Technologies Inc suspended its pilot program for driverless cars on Saturday, the ride-hailing company and local police said.   Uber however said that no serious injuries were caused by the accident...

IRS Looses $1.5 Billion Tax Dispute To Amazon

A case over transactions involving a Luxembourg unit that was done more than a decade ago, was won by Amazon.com Inc and along with that the U.S> based world's largest online retailer won a more than $1.5 billion tax dispute with the Internal Revenue Service.   The IRS was found to have,...

No Holding Company Move Signalled By Samsung Electronics For Now

While rejecting U.S. activist hedge fund Elliott Management's proposal and ruling out for now a long-anticipated succession move, Samsung would find it difficult to adopt a holding company structure at this time,, the South Korean conglomerate - Samsung Electronics Co Ltd said on Friday.  ...
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