According to Forbes' annual World's Billionaire list released yesterday, Mexican tycoon Carlos Slim is the world's richest person for the second year in a row, with a net worth of US$74 billion. American Bill Gates,…
Car manufacturer Toyota is to recall almost 1.7 million cars in two simultaneous recalls, that include the Toyota Avensis and Lexus IS 250, after concerns over fuel systems, which, if combined, amount to the biggest…
Steve Jobs, the chief executive officer of Apple Inc., announced Monday in an internal memo that he would be on medical leave for an undetermined period of time. The statement caused a sharp decrease of Apple share…
Australian transport investigators have announced they have identified a "critical safety issue" with engines fitted to the world's largest passenger airliner. Some Rolls-Royce Trent 900 engines, which power some Airbus…
The Pacific Gas and Electric Company (PG&E) is facing several lawsuits, including one filed by residents of San Bruno, California, after a gas line exploded in their neighborhood on September 10, completely destroying…
United Airlines and Continental Airlines shareholders yesterday approved a US$3.2 billion merger that would create the world's largest airline. 98% of shareholders approved of the
French oil company Total announced Monday that it has stopped shipping petroleum products to Iran, the latest Western oil company to stop or reduce trade with the
Toyota, the Japanese auto maker, has issued a voluntary recall of 870,000 of its Sienna minivans in North America (600,000 in the United States and 270,000 in
Several tobacco manufacturers and retailers in the United Kingdom have been fined a total of £225 million for price fixing. The fines were imposed by the Office of Fair Trading (OFT) following an investigation lasting…
Japanese auto maker Toyota is to temporarily suspend sales of its luxury Lexus GX 460 SUV following an unfavorable verdict from Consumer Reports, which concluded "Don't Buy: Safety Risk," the first such warning in…
British Airways (BA) and the Spanish airline Iberia have signed a merger deal, which will create one of the largest air carrier groups in the
Cabin crew workers at British Airways have begun a three-day strike, affecting over 60,000 people, after last-minute talks between BA and the union, Unite,
Aer Lingus, an Irish airline, has announced that it will cut about 230 staff in the near future in compulsory job losses, bringing the total number of layoffs from the airline to 670. 440 other workers will face…
Canadian airline Air Canada has said that it will be laying off 1,010 machinists seconded to work at the Aveos Fleet Performance aircraft maintenance
Toyota has been accused by a U.S. House of Representatives committee with misleading the public and investigators over its recent
Japan's Nikkei newspaper reported that Toyota is poised to recall 270 thousand gas-and-electric Prius vehicles (model ZVW30) sold in the US and Japan between May and December 2009, due to a flaw in the car's anti-lock…
Honda have issued a recall for 646,000 cars around the world due to a potential fault that could cause a fire. The recall involves the 'Jazz' range of cars, which is known by its alternative name, Fit, in some
Ford Motors Co., the automobile manufacturing firm, has posted an annual profit for the last year of US$2.7 billion, the first gain for four
Japan Airlines (JAL), Asia's largest airline, is expected to file for bankruptcy protection on Tuesday, bringing an end to months of speculation about the airline's financial future, riddled by
United Parcel Service (UPS), the world's largest package delivery service, has announced that it will cut 1,800 administrative and managerial
