Saturday, September 19, 2020

Boeing Hit With Pilot Class-Action Lawsuit For 737 MAX Flaw Cover-up

The lawsuit alleges Boeing introduced angle of attack correction software that made planes inherently vulnerable to faulty sensor readings, and pilots were never informed about its functionality. The US-based plane maker...

Vodacom’s service revenue in South Africa dips 1.2% in Q2

The robust performance by its international operations’ has helped the company to offset South African revenue decline Vodacom has added 608,000 customers to its South African network in the second quarter, with an average of...

US Retailer Abercrombie & Fitch Withdraws From Sales Talks

US teen fashion company Abercrombie & Fitch said it is no longer looking for a buyer, as talks with suitors have proved unfruitful. The embattled fashion retailer has seen its sales dwindle consecutively...

Huawei chairman warns of tough year ahead

Huawei's rotating chairman Eric Xu has signalled a tough year ahead for the company, warning it may downsize or merge non-performing business units. He has also cautioned that some employees would be made redundant or...

Cargill expands its global poultry business in Colombia with acquisition of CAMPOLLO

Acquisition will grow Cargill's Colombian poultry operations to better serve its Latin American customers, welcoming more than 2,500 new employees Cargill has acquired Colombian-based CAMPOLLO, one of the country's leading producers of chicken and protein...

Hotel Industry M&As Roaring to Life

The merger between hotel operator Marriott International and Starwood Hotels & Resorts is still in progress according to the companies involved. Marriott recently revised its initial offer which valued Starwood at USD 13.6...

Siemens Gamesa has won turbine orders for two wind projects in Vietnam

Siemens Gamesa has won turbine orders for two wind projects in Vietnam totalling 165 MW. One of the wind projects will be constructed near shore, a local media reported.

Google CEO hearing likely to be rescheduled

The hearing may be postponed for next week, and "it's very, very important that it do occur" Due to the state funeral of former President George H.W. Bush, the U.S. House Judiciary Committee is most likely to...

Apple is losing its majority in the Chinese smartphone market

Apple's market share in China has reportedly fallen by 26.6% in 2018. Unsurprisingly, the culprits are more 'local' OEMs such as Huawei and Xiaomi, who offer more innovative features in premium handsets that go for...

Canon U.S.A. Announces New 120 MP Ultra-High Resolution and 2.7 MP Ultra-High Sensitivity CMOS...

As image sensors are a driving force in innovating industries, Canon U.S.A., Inc., a leader in digital imaging solutions, is pleased to announce two new CMOS (complementary metal-oxide semiconductors) sensor products, the ultra-high resolution 120MXSI and ultra-high...

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