Stepping up a war for sales in a market segment dominated by U.S. rival Boeing, Airbus is preparing to stage the maiden flight of its largest twin-engined airplane, the A350-1000.   As the dominant planemakers vie to outdo each other in size and efficiency in a category expected to generate...

To claw back pay of former executives at Wells Fargo & Co after a phony-accounts scandal, a leading U.S. bank regulator reversed course and repositioned the agency.   The Office of the Comptroller of the Currency, the main regulator for federal banks said that the lender must also now...

According to newly filed documents with the U.S. Federal Communications Commission, private rocket launch service SpaceX is requesting government approval to operate a massive satellite network that would provide high-speed, global internet coverage.   The documents filed shows that the a...

Senior advisers at Royal Bank of Scotland were still discussing whether its financial figures were potentially misleading for investors, court documents allege just hours before the bank launched a massive cash call in 2008 to shore up its capital.   According to the "particulars of claim"...

A deal to acquire a significant minority stake in Infor Inc that will value the business software company at roughly $10 billion is nearing as the private investment arm of Koch Industries, the industrial conglomerate of the billionaire Koch brothers, is plans the takeover, reported Reuters quoting...

Weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder, American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday.   As the retailer struggles to overcome years of losses and rising...

Following concerns that may have violated a new data transfer pact, a secret court order Yahoo used to scan thousands of customer emails for possible terrorism links is now under the scanner of the European Commission as the commission has asked the United States about the court order.   Due...

As the Royal Bank of Scotland seeks to draw a line under one of its longest-running customer service battles that the bank has faced in recent times, to reimburse fees to customers who claim they were mistreated by its small business restructuring unit, it is setting up a £400 million ($497...

In order to sustain a headlong rush into businesses from electric cars to smartphones, his technology empire is running out of cash, the billionaire chairman of China’s LeEco has admitted.   Company co-founder Jia Yueting pledged to move the company toward a more moderate phase of...

In what can be a source for the China-based company, Huawei, square up to market leaders Apple and Samsung, the company has launched the Mate 9, a high-spec, high-price smartphone.   Inviting comparison with Apple’s iPhone 7 Plus and the now discontinued Samsung Galaxy Note 7, the latest...

$30 million in investments has been raised to help it take on giants like Intel and Nvidia by a computer chip start-up designing hardware for artificial intelligence (AI) applications recently.   Aimed to be used in applications from driverless cars to cloud computing, the U.K.-based...