Media reports on Sunday reveal Iran's plans to buy up to 300 units of Boeing and Airbus planes to replace its antiquated fleet by purchasing at least 90 planes annually. An official of Iran's civil aviation agency projected that Iran would need between 400 and 500 planes in the next ten years.
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Auto insurance industry clueless on driverless cars
Car insurance companies are puzzled when Google driverless cars hit the roads in some areas in America. Some of the alternate plans include the extension of the insurance coverage to mobile phones as well as the carmakers for the expenses in case one of the features of the driverless cars crashed.
New Yorkers not ok with $4B La Guardia Airport renovation
Ambitious as it may seem, New Yorkers are not impressed with Governor Andrew Cuomo's plan to redesign the city's battered and poorly-maintained La Guardia Airport.
Germany's luxury automakers buy Nokia's maps
Nokia bids goodbye to its digital maps business as it sells its HERE maps unit to German carmaker consortium among BMW, Audi, and Mercedes-Benz's owner Daimler, to focus on making mobile-phone network equipment.
Stock markets expected to be under 4% annual growth
The slowdown in economic growth in major economies is expected to keep the stock markets under four percent annual growth in the near future. The second half of 2015 is expected to be sluggish following the bleak economy outlook for the US, EU and China.
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The Match Group, operators of the dating app Tinder and matchmaking websites Match.com and OkCupid along with several others, is headed for an initial public offering. This was revealed by Barry Diller, Chairman and Senior Executive of InterActiveCorp (IAC), who owns the business unit.
The continuous fall of peso currency is giving jitters to the Mexican economy. The second largest economy in Latin America is making all the possible efforts to prevent the arrest of its falling peso. It increased dollar auction level by almost four times to support the weakening peso.
Since 2009, the University of Phoenix has received $488 million from its online programs that are popular to military veterans with GI Bill benefits. The Federal Trade Commission is investigating the University for unfair and deceptive practices involving veteran students.
Lens Technology is a $7.2B worth glass screen business in China. The company provides glass screens to top labels like Samsung, Windows and Apple and had made a public offer in March. It is owned and founded by Zhou Qunfei, the richest self-made woman in China who used to work as a factory worker.
Collapsing oil prices are prompting energy firms to lay off workers. Royal Dutch Shell and Centrica -- two of Britain's leading energy firms -- are cutting more than 12,000 jobs this year.
Chime Communications plc shares on London Stock Exchange (LSE) soared to 361 pence per share on Thursday as the board approved the GBP365 million takeover offer from Providence Equity Partners and WPP.
John Swan & Sons' shares went up by 15 percent prior to H&H Group's £8.2m acquisition, about 1,350p per share of the livestock business.
The chief executive of BMW hinted in a German paper that there was potential for another of its "i" electric car models.
The battle for Europe will be won or lost in Germany. On some days recently, it has looked like it might be lost. But that is to underestimate the deep German commitment to the success of European integration based on the rule of law.
