Category: Business

United Technologies and Raytheon All Set to Create a Defense Giant

In the world of mergers, the coming together of two gigantic companies involved in the defense sector is pretty rare, but that has not stopped United Technologies and Raytheon from announcing their mega-merger. However, in this regard, it is perhaps important to point out that companies in the defense sector …

Uber Disappoints on Market Debut

It was supposed to be the biggest IPO of the year, and because the company in question was Uber, the ubiquitous ride-hailing app that has a footprint all over the world, it was believed that it would not disappoint. However, the IPO has left many investors in a sour mood. …

U.S. Tightens Sanctions On Iranian and Venezuelan Oil

Tighter U.S. sanctions planned for May on Iranian oil have led to an increase in prices for scarcer barrels, curbing of the global supply of crude oil. The new curbs on Iranian oil came after Washington banned Venezuelan crude oil, followed by output snags in Angola, which is another huge …

OLED Costs and Weak Smartphone Sales Force LG to Call for Patience

South Korean electronics giant LG has been in a few doldrums for the past few quarters and the crisis intensified after the company posted losses that were even bigger than analysts’ estimates. In such a situation, it is usually sensible for the company to issue a statement that is supposed …

Sanction Waivers to Iran to End: U.S.

The United States Of America is likely to announce on Monday that all the import waivers to Iran will end shortly. A source familiar with the situation said that administration would also end all the sanction waivers it had given last year to some countries that import oil from Iran. …

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