Business

The US Government will receive a penalty of $12 million from Boeing, which has also agreed to modify its commercial aircraft production procedures. The penalty is in lieu of settlements of complaints regarding Boeing’s failure to meet safety and quality standards. The second-highest enforcement... read more

Oracle Corp., the American computer hardware company, said that its cloud business has gained momentum in its latest quarter, but strong dollar badly affected its profit.

According to data compiled by Bloomberg, revenue of the company fell around 6.3% to $8.99 billion from a year earlier... read more

United Auto Workers (UAW) talks finally wrapped up with Ford workers voted to approve a new agree late Friday. The deal ended with big gains. The process was so uncertain that no one was sure what’s going to happen until the last ballots were counted. The four-year agreement has been approved by... read more

Tesla Motors CEO Elon Musk seems to be too excited about self-driving cars. On Thursday, he announced that they are strengthening up its self-driving software. The announcement can be an indication that Tesla is working on to launch a self-driving mobility service similar to the one being held... read more

The United Auto Workers (UAW) has agreed to extend its contract with General Motors Co. (GM). UAW has extended its 2011 contract until November 20, according to a Friday letter to UAW-GM local union presidents and chairpersons.

This exceptional move has come a week after the release of... read more