North America
Boeing factory will soon land in China
Plans for setting up a Boeing factory in China has been submitted to the Beijing Government. It was reported Tuesday by the state-run media ahead of President Xi Jinping's U.S. visit, where he will tour one of its plants.
Volkswagen CEO steps down; US may slap $18B penalty
Volkswagen's manipulation in emission norms is rocking Germany following the latest resignation of CEO Martin Winterkorn. Analysts forecast that the recent developments at Volkswagen will have an impact on business and politics in Europe's largest economy.
Photoshop maker Adobe reported 21 percent quarterly increase in revenue due to more cloud subscription
Photoshop maker Adobe System Inc's quarterly revenue jumped 21 percent, thanks to the better-than-expected increasing number of subscribers to its Creative Cloud software suite. Reuters wrote that Adobe's net income increased to $174.5 million, which is 34 cents per share in the end of the third quarter on August 28. Last year, on the same period, that number was only $44.7, or 9 cents per share. Meanwhile, its revenue went up to $1.22 billion from $1.01 billion.
Microsoft makes Office 2016 available worldwide
New versions of Microsoft Office apps are out. Subscribers to Microsoft's cloud-based subscription service Office 365 may now download the new apps, including Word, Excel, and PowerPoint. Updated versions of Outlook, OneNote, Project, Visio, and Access are also available.