Airbus Lands Biggest-Ever Contract In Its History, For Nearly $50 Billion

Airbus said Wednesday it has secured the biggest-ever order in its history to supply 430 of its medium-range A320 family of aircraft to US investment firm Indigo Partners, at a catalogue price of $49.5 billion (42 billion euros)."I welcome this new sign of confidence by the major airline companies taking...

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U.S. top court rejects Samsung appeal of patent loss to Apple

The U.S. Supreme Court on Monday refused to step back into the years-long feud over patents between the world’s top smartphone makers, declining to hear Samsung’s appeal of a lower court ruling that reinstated a jury award of about $120 million in favor of Apple.The justices left in place a 2016...

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A Year After PM Modi’s Notes Ban, What’s Changed – And What Really Hasn’t

Corruption, black money, terrorism, fake currency - Prime Minister Narendra Modi resolved to eliminate all in one stroke when he announced India's biggest-ever cash ban on November 8 last year.However, the short term costs of his move are outweighing the benefits. He invalidated 86 percent of currency...

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McAfee Says It No Longer Will Permit Government Source Code Reviews

US-based cyber firm McAfee said it will no longer permit foreign governments to scrutinise the source code of its products, halting a practice some security experts have warned could be leveraged by nation-states to carry out cyber-attacks.Reuters reported in June that McAfee was among several Western...

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Internet Mocks McDonald’s New Chinese Name

McDonald's in China provoked snorts of laughter Thursday, as internet users mocked a ham-fisted new company name that sounds a lot like the Chinese word for a pig eating.Earlier this month, the company quietly changed its official name from a transliteration of "McDonald's" to a new moniker meaning "Golden...

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Amazon, Facebook and Google Beef Up Lobbying Spending

Facebook, Google and Amazon bolstered their lobbying spending in the past three months as Washington takes a closer look at the market power of some of America's biggest tech companies.Facebook spent $2.85 million (roughly Rs. 18.5 crores) lobbying the federal government in the third quarter, up 41 percent...

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Amazon Rivals Turn to Legal Fine Print to Stem Whole Foods Strategy

Whole Foods Market met a new foe this summer during talks to lease a top retail space in a San Francisco mall: the Target next door.As City Center mall's largest tenant, Target Corp had a say over changes to the property. According to people familiar with the lease discussions, Target balked at sharing...

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Unitech’s Sanjay Chandra Denied Bail, Told To Deposit Rs. 1,000 Crore

The Supreme Court on Monday refused to entertain the bail plea of real estate developer Unitech's managing director Sanjay Chandra and asked the real estate major to deposit Rs. 1,000 crore to prove its bona fides. Refusing the bail plea, a Supreme Court bench of Chief Justice Dipak Misra, Justice AM Khanwilkar...

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Honda Seeks Roadmap On Electric Vehicles Before Commercial Launch In India

Japanese auto major Honda Motor Co has started working on electric vehicles keeping in mind India's push for such automobiles but said a clear road map is required for successful commercial launch. The company, which operates in India through a wholly- owned arm Honda Cars India Ltd (HCIL), has already...

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Google, Facebook, IBM, Others To Lobby For Immigrant ‘Dreamers’ To remain In US

Nearly two dozen major US companies in technology and other industries are planning to launch a coalition to demand legislation that would allow young, illegal immigrants a path to permanent residency, according to documents seen by Reuters.The Coalition for the American Dream intends to ask Congress...

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